Hudson Capital Management LLC Cuts Holdings in PACCAR Inc (NASDAQ:PCAR)

Hudson Capital Management LLC cut its position in shares of PACCAR Inc (NASDAQ:PCAR) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,347 shares of the company’s stock after selling 305 shares during the quarter. Hudson Capital Management LLC’s holdings in PACCAR were worth $4,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC raised its position in PACCAR by 13.3% in the third quarter. CVA Family Office LLC now owns 827 shares of the company’s stock worth $82,000 after acquiring an additional 97 shares during the period. Global Financial Private Client LLC raised its position in PACCAR by 1.0% in the fourth quarter. Global Financial Private Client LLC now owns 9,716 shares of the company’s stock worth $1,011,000 after acquiring an additional 97 shares during the period. Omnia Family Wealth LLC raised its position in PACCAR by 2.5% in the third quarter. Omnia Family Wealth LLC now owns 3,993 shares of the company’s stock worth $394,000 after acquiring an additional 98 shares during the period. Grove Bank & Trust raised its position in PACCAR by 28.4% in the third quarter. Grove Bank & Trust now owns 466 shares of the company’s stock worth $46,000 after acquiring an additional 103 shares during the period. Finally, Insight Wealth Partners LLC raised its position in PACCAR by 1.4% in the third quarter. Insight Wealth Partners LLC now owns 7,700 shares of the company’s stock worth $760,000 after acquiring an additional 104 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Trading Down 0.2 %

NASDAQ:PCAR opened at $109.84 on Thursday. The company has a fifty day moving average of $110.84 and a 200 day moving average of $104.19. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $57.59 billion, a P/E ratio of 12.27, a P/E/G ratio of 2.78 and a beta of 0.93.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data 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 net margin of 13.51% and a return on equity of 27.24%. The business had revenue of $8.24 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same period in the prior year, the business earned $2.34 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, research analysts predict that PACCAR Inc will post 7.93 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio is 13.41%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. BNP Paribas raised shares of PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Truist Financial boosted their price target on shares of PACCAR from $110.00 to $112.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Citigroup lowered their price target on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI raised shares of PACCAR from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $99.00 to $129.00 in a research report on Wednesday, November 13th. Finally, Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, PACCAR currently has an average rating of “Hold” and an average target price of $120.13.

Insider Buying and Selling

In related news, CFO Harrie Schippers sold 20,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $106.93, for a total transaction of $2,138,600.00. Following the sale, the chief financial officer now directly owns 105,558 shares of the company’s stock, valued at approximately $11,287,316.94. This represents a 15.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Todd R. Hubbard sold 3,230 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $107.27, for a total transaction of $346,482.10. Following the sale, the vice president now directly owns 3,061 shares in the company, valued at $328,353.47. This trade represents a 51.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,315 shares of company stock worth $6,358,552 in the last three months. 2.02% of the stock is owned by corporate insiders.

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.