PACCAR Inc (NASDAQ:PCAR) Shares Sold by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC cut its stake in PACCAR Inc (NASDAQ:PCAR) by 52.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,278 shares of the company’s stock after selling 2,488 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in PACCAR were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of PCAR. OFI Invest Asset Management acquired a new stake in PACCAR during the 3rd quarter valued at approximately $26,000. AdvisorNet Financial Inc boosted its holdings in PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. NBC Securities Inc. acquired a new stake in PACCAR during the 3rd quarter worth about $34,000. Bruce G. Allen Investments LLC purchased a new position in shares of PACCAR during the 4th quarter valued at about $37,000. Finally, ORG Partners LLC lifted its holdings in shares of PACCAR by 6,200.0% in the 4th quarter. ORG Partners LLC now owns 378 shares of the company’s stock valued at $37,000 after buying an additional 372 shares during the period. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

NASDAQ:PCAR traded up $0.45 during trading hours on Wednesday, hitting $107.05. 2,887,766 shares of the stock were exchanged, compared to its average volume of 2,462,551. The firm’s fifty day moving average price is $116.18 and its 200 day moving average price is $103.12. PACCAR Inc has a 52-week low of $68.40 and a 52-week high of $125.50. The company has a market cap of $56.11 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The firm had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $8.25 billion. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. As a group, equities research analysts anticipate that PACCAR Inc will post 8.26 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from PACCAR’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, May 14th. PACCAR’s dividend payout ratio is 11.20%.

Analyst Ratings Changes

Several research firms recently commented on PCAR. The Goldman Sachs Group raised their target price on PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. dropped their price objective on shares of PACCAR from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. UBS Group upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and boosted their target price for the company from $104.00 to $136.00 in a research note on Friday, March 15th. Truist Financial restated a “hold” rating and set a $121.00 price target (up previously from $117.00) on shares of PACCAR in a research report on Thursday, May 2nd. Finally, Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $84.00 to $97.00 in a research report on Friday, January 19th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PACCAR has a consensus rating of “Moderate Buy” and an average target price of $112.62.

Insider Transactions at PACCAR

In related news, VP Michael K. Walton sold 9,123 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.11, for a total transaction of $958,918.53. Following the completion of the sale, the vice president now owns 1,468 shares of the company’s stock, valued at approximately $154,301.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction 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 transaction, the vice president now owns 5,726 shares in the company, valued at approximately $607,814.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael K. Walton sold 9,123 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.11, for a total transaction of $958,918.53. Following the completion of the sale, the vice president now directly owns 1,468 shares of the company’s stock, valued at approximately $154,301.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,920 shares of company stock valued at $4,650,324. Corporate insiders own 2.02% of the company’s stock.

About PACCAR

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.