PACCAR Inc (NASDAQ:PCAR) Shares Sold by RMR Wealth Builders

RMR Wealth Builders lessened its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,591 shares of the company’s stock after selling 298 shares during the quarter. RMR Wealth Builders’ holdings in PACCAR were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PCAR. Quarry LP acquired a new position in PACCAR during the second quarter valued at approximately $26,000. Meeder Asset Management Inc. increased its position in shares of PACCAR by 269.7% during the second quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock worth $29,000 after acquiring an additional 205 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in PACCAR in the second quarter valued at about $36,000. Grove Bank & Trust grew its stake in PACCAR by 28.4% during the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company’s stock valued at $46,000 after purchasing an additional 103 shares in the last quarter. Finally, Sander Capital Advisors Inc. purchased a new stake in PACCAR during the 3rd quarter worth approximately $50,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Harrie Schippers sold 20,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $106.93, for a total value of $2,138,600.00. Following the transaction, the chief financial officer now directly owns 105,558 shares in the company, valued at approximately $11,287,316.94. This represents a 15.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO R Preston Feight sold 27,191 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $103.52, for a total value of $2,814,812.32. Following the completion of the sale, the chief executive officer now owns 171,776 shares of the company’s stock, valued at approximately $17,782,251.52. This trade represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,315 shares of company stock worth $6,358,552. 2.02% of the stock is owned by insiders.

PACCAR Trading Down 1.8 %

Shares of NASDAQ:PCAR traded down $1.92 during midday trading on Friday, hitting $106.58. The company had a trading volume of 2,559,915 shares, compared to its average volume of 2,287,699. The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 0.54. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The stock has a market cap of $55.88 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.77 and a beta of 0.93. The firm has a fifty day simple moving average of $111.20 and a 200 day simple moving average of $103.83.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.03. The company had revenue of $8.24 billion for the quarter, compared to analyst estimates of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. PACCAR’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 earnings per share. On average, analysts predict that PACCAR Inc will post 7.98 EPS for the current year.

PACCAR Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a dividend of $3.00 per share. This is a boost from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio (DPR) is currently 14.75%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of PACCAR from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. BNP Paribas raised PACCAR to a “hold” rating in a report on Wednesday, October 16th. Citigroup upped their target price on PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Jefferies Financial Group lowered PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Friday, December 6th. Finally, Morgan Stanley reduced their price objective on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, PACCAR presently has an average rating of “Hold” and a consensus target price of $118.50.

About PACCAR

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.