Kestra Investment Management LLC Invests $37,000 in PACCAR Inc (NASDAQ:PCAR)

Kestra Investment Management LLC purchased a new position in PACCAR Inc (NASDAQ:PCAR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 360 shares of the company’s stock, valued at approximately $37,000.

A number of other large investors have also recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its holdings in shares of PACCAR by 12.3% in the fourth quarter. Venturi Wealth Management LLC now owns 6,479 shares of the company’s stock worth $674,000 after acquiring an additional 712 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of PACCAR by 10.7% in the fourth quarter. CIBC Asset Management Inc now owns 180,027 shares of the company’s stock worth $18,726,000 after acquiring an additional 17,444 shares during the period. Monument Capital Management boosted its holdings in shares of PACCAR by 1.5% in the fourth quarter. Monument Capital Management now owns 32,072 shares of the company’s stock worth $3,336,000 after acquiring an additional 467 shares during the period. Principal Securities Inc. boosted its holdings in shares of PACCAR by 10.9% in the fourth quarter. Principal Securities Inc. now owns 8,918 shares of the company’s stock worth $928,000 after acquiring an additional 873 shares during the period. Finally, WealthPlan Investment Management LLC bought a new position in shares of PACCAR in the fourth quarter worth $235,000. 64.90% of the stock is owned by institutional investors.

PACCAR Trading Down 1.9 %

NASDAQ PCAR opened at $104.46 on Friday. The stock’s 50-day simple moving average is $107.50 and its two-hundred day simple moving average is $105.25. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $54.82 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 2.77 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data 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%. Research analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Stockholders 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 an increase from PACCAR’s previous dividend of $0.89. PACCAR’s payout ratio is currently 16.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Evercore ISI lowered their price objective on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Jefferies Financial Group downgraded PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Friday, December 6th. Citigroup lowered their price objective on PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial increased their price objective on PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.77.

Insider Transactions at PACCAR

In related news, EVP Darrin C. Siver sold 103,671 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $111.56, for a total value of $11,565,536.76. Following the sale, the executive vice president now directly owns 61,005 shares of the company’s stock, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following the completion of the sale, the vice president now directly owns 5,463 shares in the company, valued at $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,547 shares of company stock worth $18,261,908. Company insiders own 2.02% of the company’s stock.

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.