Catalina Capital Group LLC Lowers Stock Position in PACCAR Inc (NASDAQ:PCAR)

Catalina Capital Group LLC lessened its stake in PACCAR Inc (NASDAQ:PCAR) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,192 shares of the company’s stock after selling 141 shares during the period. Catalina Capital Group LLC’s holdings in PACCAR were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Quarry LP bought a new position in PACCAR in the second quarter valued at $26,000. Grove Bank & Trust boosted its holdings in shares of PACCAR by 28.4% in the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company’s stock worth $46,000 after purchasing an additional 103 shares in the last quarter. Sander Capital Advisors Inc. bought a new position in shares of PACCAR during the 3rd quarter valued at about $50,000. Ashton Thomas Securities LLC purchased a new position in shares of PACCAR during the 3rd quarter valued at about $52,000. Finally, AdvisorNet Financial Inc lifted its position in PACCAR by 223.4% in the 4th quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock worth $59,000 after buying an additional 391 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Insider Activity

In other news, CEO R Preston Feight sold 25,200 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $110.98, for a total value of $2,796,696.00. Following the sale, the chief executive officer now directly owns 206,129 shares of the company’s stock, valued at $22,876,196.42. This represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the transaction, the vice president now directly owns 5,463 shares of the company’s stock, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,871 shares of company stock worth $14,586,333 in the last quarter. 2.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, December 6th. Truist Financial lifted their target price on shares of PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $119.00 price target on shares of PACCAR in a research note on Monday, November 4th. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $99.00 to $129.00 in a research note on Wednesday, November 13th. Finally, Citigroup lowered their target price on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, PACCAR has an average rating of “Moderate Buy” and an average price target of $121.95.

PACCAR Price Performance

Shares of PACCAR stock opened at $109.13 on Tuesday. The company has a market cap of $57.22 billion, a PE ratio of 13.80, a P/E/G ratio of 2.87 and a beta of 0.93. The business has a 50 day moving average of $110.36 and a 200 day moving average of $104.53. 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 1.39, a current ratio of 1.67 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. As a group, equities research analysts forecast that PACCAR Inc will post 7.6 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $3.00 dividend. The ex-dividend date was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio is currently 16.69%.

PACCAR 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.