Wealth Enhancement Advisory Services LLC Raises Stock Holdings in PACCAR Inc. $PCAR

Wealth Enhancement Advisory Services LLC grew its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 414,847 shares of the company’s stock after acquiring an additional 13,100 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in PACCAR were worth $48,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Foundations Investment Advisors LLC increased its position in PACCAR by 3.1% in the third quarter. Foundations Investment Advisors LLC now owns 3,640 shares of the company’s stock worth $358,000 after purchasing an additional 108 shares during the last quarter. Matrix Trust Co grew its stake in shares of PACCAR by 3.9% in the 3rd quarter. Matrix Trust Co now owns 2,948 shares of the company’s stock worth $290,000 after buying an additional 110 shares in the last quarter. Forbes J M & Co. LLP grew its stake in shares of PACCAR by 4.3% in the 3rd quarter. Forbes J M & Co. LLP now owns 2,664 shares of the company’s stock worth $262,000 after buying an additional 111 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of PACCAR by 1.6% in the 3rd quarter. Parallel Advisors LLC now owns 7,715 shares of the company’s stock worth $759,000 after buying an additional 118 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of PACCAR by 4.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,860 shares of the company’s stock worth $281,000 after buying an additional 119 shares during the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Trading Up 2.8%

PCAR opened at $114.32 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. The stock’s 50 day moving average price is $122.46 and its 200-day moving average price is $109.93. PACCAR Inc. has a one year low of $84.65 and a one year high of $131.88. The stock has a market cap of $60.16 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 0.93 and a beta of 1.03.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period last year, the company earned $1.66 EPS. PACCAR’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, equities analysts forecast that PACCAR Inc. will post 7.57 EPS for the current year.

Insider Buying and Selling at PACCAR

In related news, EVP C Michael Dozier sold 79,076 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total value of $10,115,401.92. Following the transaction, the executive vice president owned 34,656 shares of the company’s stock, valued at $4,433,195.52. This trade represents a 69.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paulo Henrique Bolgar sold 12,183 shares of PACCAR stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the sale, the vice president owned 6,274 shares of the company’s stock, valued at $768,125.82. The trade was a 66.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 133,105 shares of company stock valued at $16,869,046. 2.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PCAR has been the subject of a number of analyst reports. Wells Fargo & Company set a $119.00 price target on shares of PACCAR and gave the company an “equal weight” rating in a report on Friday, January 23rd. Sanford C. Bernstein reissued an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Citigroup raised their price objective on PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on PACCAR from $133.00 to $142.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $116.18.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.