PACCAR Inc (NASDAQ:PCAR) Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC trimmed its position in PACCAR Inc (NASDAQ:PCAR) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,800 shares of the company’s stock after selling 397 shares during the period. PACCAR comprises about 1.0% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Kiley Juergens Wealth Management LLC’s holdings in PACCAR were worth $2,910,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PCAR. Prudential PLC purchased a new position in PACCAR in the 1st quarter worth approximately $763,000. Vanguard Group Inc. raised its position in shares of PACCAR by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 36,485,080 shares of the company’s stock valued at $3,213,241,000 after buying an additional 698,784 shares during the period. Candriam Luxembourg S.C.A. raised its position in shares of PACCAR by 66.0% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 68,657 shares of the company’s stock valued at $6,046,000 after buying an additional 27,300 shares during the period. Covestor Ltd raised its position in shares of PACCAR by 73.6% during the 1st quarter. Covestor Ltd now owns 2,118 shares of the company’s stock valued at $187,000 after buying an additional 898 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of PACCAR by 0.7% during the 1st quarter. Mackenzie Financial Corp now owns 106,723 shares of the company’s stock valued at $9,399,000 after buying an additional 792 shares during the period. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Price Performance

PACCAR stock traded down $0.48 during mid-day trading on Tuesday, hitting $117.54. The company’s stock had a trading volume of 1,736,179 shares, compared to its average volume of 2,277,372. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. PACCAR Inc has a twelve month low of $68.40 and a twelve month high of $125.50. The stock has a market capitalization of $61.59 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.79 and a beta of 0.92. The stock’s fifty day moving average price is $115.22 and its two-hundred day moving average price is $100.23.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.45. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same period in the prior year, the business earned $1.76 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts forecast that PACCAR Inc will post 8.16 earnings per share for the current year.

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Wednesday, February 14th. PACCAR’s dividend payout ratio (DPR) is currently 12.31%.

Insider Buying and Selling at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of PACCAR stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the transaction, the chief financial officer now owns 103,547 shares in the company, valued at approximately $10,984,265.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total value of $212,300.00. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The disclosure for this sale can be found here. Insiders have sold 153,496 shares of company stock valued at $15,834,812 in the last 90 days. 2.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PCAR has been the topic of several analyst reports. Royal Bank of Canada assumed coverage on shares of PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price target on the stock. Evercore ISI lifted their target price on shares of PACCAR from $94.00 to $101.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. TD Cowen lifted their target price on shares of PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. UBS Group upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and lifted their target price for the company from $104.00 to $136.00 in a report on Friday, March 15th. Finally, Truist Financial assumed coverage on shares of PACCAR in a research note on Thursday, March 14th. They issued a “hold” rating and a $117.00 price target for the company. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, PACCAR presently has a consensus rating of “Moderate Buy” and an average price target of $110.82.

PACCAR Company 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.