10,533 Shares in PACCAR Inc (NASDAQ:PCAR) Purchased by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. purchased a new position in PACCAR Inc (NASDAQ:PCAR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,533 shares of the company’s stock, valued at approximately $1,096,000. PACCAR comprises approximately 0.6% of Decker Retirement Planning Inc.’s holdings, making the stock its 28th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PCAR. Retireful LLC purchased a new stake in shares of PACCAR during the 4th quarter valued at $716,000. Global Financial Private Client LLC boosted its holdings in PACCAR by 1.0% in the fourth quarter. Global Financial Private Client LLC now owns 9,716 shares of the company’s stock valued at $1,011,000 after acquiring an additional 97 shares during the last quarter. AdvisorNet Financial Inc grew its position in PACCAR by 223.4% during the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock valued at $59,000 after acquiring an additional 391 shares during the period. Wedmont Private Capital increased its stake in PACCAR by 7.8% during the fourth quarter. Wedmont Private Capital now owns 8,417 shares of the company’s stock worth $897,000 after acquiring an additional 606 shares during the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of PACCAR by 632.7% in the 4th quarter. Brookstone Capital Management now owns 16,142 shares of the company’s stock worth $1,679,000 after purchasing an additional 13,939 shares during the period. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Analyst Upgrades and Downgrades

PCAR has been the subject of a number of research analyst reports. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $121.50 in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of PACCAR from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup reduced their target price on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Truist Financial increased their price target on PACCAR from $110.00 to $112.00 and gave the company a “hold” rating in a report on Thursday. Finally, Morgan Stanley reduced their price objective on PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PACCAR currently has an average rating of “Hold” and a consensus price target of $120.13.

Insider Buying and Selling

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

PACCAR Price Performance

PCAR opened at $109.48 on Friday. The company has a market capitalization of $57.40 billion, a P/E ratio of 12.23, a PEG ratio of 1.72 and a beta of 0.93. The company has a 50-day moving average of $111.24 and a 200-day moving average of $103.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The company had revenue of $8.24 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the firm earned $2.34 EPS. The business’s revenue was down 5.2% on a year-over-year basis. Equities analysts expect that PACCAR Inc will post 7.92 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a dividend of $3.00 per share. The ex-dividend date was Friday, December 20th. This is an increase from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio is currently 13.41%.

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.