PACCAR Inc (NASDAQ:PCAR) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC decreased its position in PACCAR Inc (NASDAQ:PCAR) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,021 shares of the company’s stock after selling 154 shares during the period. Intellectus Partners LLC’s holdings in PACCAR were worth $1,011,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Paradiem LLC lifted its position in shares of PACCAR by 32.5% in the fourth quarter. Paradiem LLC now owns 78,137 shares of the company’s stock valued at $7,630,000 after acquiring an additional 19,177 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of PACCAR by 13.3% during the 4th quarter. Russell Investments Group Ltd. now owns 384,314 shares of the company’s stock valued at $37,534,000 after buying an additional 45,211 shares during the period. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of PACCAR during the 4th quarter valued at about $425,000. Absolute Capital Management LLC purchased a new stake in shares of PACCAR during the 4th quarter valued at about $312,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of PACCAR by 1.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 293,536 shares of the company’s stock valued at $28,664,000 after buying an additional 5,413 shares during the period. Institutional investors and hedge funds own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PCAR shares. TD Cowen lifted their price objective on PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. The Goldman Sachs Group increased their target price on PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Bank of America raised PACCAR from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $84.00 to $97.00 in a report on Friday, January 19th. Truist Financial began coverage on PACCAR in a report on Thursday, March 14th. They issued a “hold” rating and a $117.00 target price for the company. Finally, UBS Group upgraded PACCAR from a “neutral” rating to a “buy” rating and increased their price target for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $113.08.

PACCAR Trading Down 0.6 %

PACCAR stock traded down $0.66 during mid-day trading on Friday, hitting $111.96. 2,802,541 shares of the company’s stock were exchanged, compared to its average volume of 2,224,804. The firm has a market capitalization of $58.67 billion, a P/E ratio of 12.77, a PEG ratio of 1.68 and a beta of 0.92. PACCAR Inc has a fifty-two week low of $68.40 and a fifty-two week high of $125.50. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. The company’s 50 day simple moving average is $116.58 and its 200-day simple moving average is $101.87.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.96%. The ex-dividend date was Wednesday, February 14th. PACCAR’s payout ratio is presently 12.31%.

Insider Buying and Selling

In related news, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Mark C. Pigott sold 74,347 shares of PACCAR stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $101.93, for a total value of $7,578,189.71. Following the completion of the sale, the chairman now directly owns 4,843,277 shares in the company, valued at $493,675,224.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the transaction, the vice president now owns 5,726 shares of the company’s stock, valued at $607,814.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,293 shares of company stock valued at $14,581,337. 2.02% of the stock is owned by company insiders.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.