Inspire Investing LLC Increases Holdings in PACCAR Inc (NASDAQ:PCAR)

Inspire Investing LLC lifted its position in PACCAR Inc (NASDAQ:PCAR) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,986 shares of the company’s stock after purchasing an additional 6,964 shares during the period. PACCAR accounts for about 0.8% of Inspire Investing LLC’s investment portfolio, making the stock its 15th biggest position. Inspire Investing LLC’s holdings in PACCAR were worth $6,864,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Everence Capital Management Inc. purchased a new stake in shares of PACCAR in the fourth quarter valued at approximately $1,984,000. Sanctuary Advisors LLC raised its stake in PACCAR by 24.3% in the third quarter. Sanctuary Advisors LLC now owns 30,016 shares of the company’s stock worth $2,962,000 after buying an additional 5,871 shares in the last quarter. Mengis Capital Management Inc. raised its stake in PACCAR by 2.9% in the third quarter. Mengis Capital Management Inc. now owns 191,157 shares of the company’s stock worth $18,863,000 after buying an additional 5,433 shares in the last quarter. Insight Wealth Strategies LLC raised its stake in PACCAR by 21.6% in the fourth quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company’s stock worth $4,061,000 after buying an additional 6,936 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in PACCAR by 1.8% in the third quarter. Fisher Asset Management LLC now owns 5,180,925 shares of the company’s stock worth $511,254,000 after buying an additional 89,245 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PCAR has been the subject of a number of recent research reports. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Friday, December 6th. Morgan Stanley reduced their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. BNP Paribas raised PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Citigroup reduced their price target 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, Royal Bank of Canada reissued a “sector perform” rating and issued a $119.00 target price on shares of PACCAR in a research report on Monday, November 4th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $120.13.

PACCAR Price Performance

NASDAQ:PCAR opened at $109.84 on Thursday. The firm’s fifty day moving average is $110.70 and its two-hundred day moving average is $104.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50. The firm has a market cap of $57.59 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 2.78 and a beta of 0.93.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share (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 for the quarter, compared to analyst estimates of $7.66 billion. During the same period in the prior year, the company posted $2.34 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Research analysts expect that PACCAR Inc will post 7.93 EPS for the current year.

PACCAR Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid 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 (DPR) is currently 13.41%.

Insider Activity at PACCAR

In other PACCAR news, SVP Kevin D. Baney sold 9,894 shares of the 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 approximately $761,947. This represents a 58.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the vice president now owns 3,061 shares of the company’s stock, 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. In the last three months, insiders have sold 60,315 shares of company stock valued at $6,358,552. 2.02% of the stock is owned by corporate 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.