Global Financial Private Client LLC Has $1.01 Million Position in PACCAR Inc (NASDAQ:PCAR)

Global Financial Private Client LLC increased its position in shares of PACCAR Inc (NASDAQ:PCAR) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,716 shares of the company’s stock after buying an additional 97 shares during the quarter. Global Financial Private Client LLC’s holdings in PACCAR were worth $1,011,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PCAR. Quarry LP acquired a new stake in shares of PACCAR during the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. lifted its position in PACCAR by 269.7% in the second quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock worth $29,000 after purchasing an additional 205 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in PACCAR during the second quarter worth $36,000. Grove Bank & Trust boosted its stake in PACCAR by 28.4% during the third quarter. Grove Bank & Trust now owns 466 shares of the company’s stock worth $46,000 after buying an additional 103 shares in the last quarter. Finally, Sander Capital Advisors Inc. bought a new stake in PACCAR in the 3rd quarter valued at $50,000. 64.90% of the stock is currently owned by institutional investors.

PACCAR Stock Up 1.5 %

NASDAQ:PCAR opened at $108.16 on Tuesday. The firm has a market capitalization of $56.71 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.54. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The stock’s 50 day moving average price is $111.33 and its two-hundred day moving average price is $103.84.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The company had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter last year, the firm posted $2.34 EPS. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts expect that PACCAR Inc will post 7.98 earnings per share for the current fiscal year.

PACCAR Increases Dividend

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

Wall Street Analyst Weigh In

PCAR has been the topic of several recent research reports. BNP Paribas upgraded shares of PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $99.00 to $129.00 in a report on Wednesday, November 13th. Citigroup upped their price objective on PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their target price on PACCAR from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $118.75.

Insiders Place Their Bets

In other PACCAR news, SVP Kevin D. Baney sold 9,894 shares of PACCAR stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $107.00, for a total value of $1,058,658.00. Following the completion of the sale, the senior vice president now owns 7,121 shares in the company, valued at $761,947. The trade was a 58.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd R. Hubbard sold 3,230 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $107.27, for a total transaction of $346,482.10. Following the transaction, the vice president now owns 3,061 shares in the company, valued at approximately $328,353.47. The trade was a 51.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,315 shares of company stock valued at $6,358,552 over the last ninety days. 2.02% of the stock is currently owned by company insiders.

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.