PACCAR Inc (NASDAQ:PCAR) Shares Bought by Bristlecone Advisors LLC

Bristlecone Advisors LLC lifted its position in shares of PACCAR Inc (NASDAQ:PCAR) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,449 shares of the company’s stock after acquiring an additional 1,426 shares during the period. Bristlecone Advisors LLC’s holdings in PACCAR were worth $10,657,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PCAR. Golden State Wealth Management LLC acquired a new position in PACCAR during the 4th quarter valued at about $37,000. Regents Gate Capital LLP bought a new position in PACCAR in the 4th quarter worth approximately $44,000. Grove Bank & Trust raised its stake in PACCAR by 28.4% during the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company’s stock valued at $46,000 after acquiring an additional 103 shares in the last quarter. Sander Capital Advisors Inc. bought a new stake in PACCAR during the 3rd quarter valued at $50,000. Finally, Ashton Thomas Securities LLC acquired a new position in PACCAR during the 3rd quarter worth $52,000. 64.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Darrin C. Siver sold 103,671 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were 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 in the company, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO R Preston Feight sold 25,200 shares of PACCAR stock in a transaction on Friday, January 31st. The stock was sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the transaction, the chief executive officer now directly owns 206,129 shares in the company, valued at approximately $22,876,196.42. This represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,871 shares of company stock valued at $14,586,333. Insiders own 2.02% of the company’s stock.

PACCAR Stock Down 1.5 %

Shares of NASDAQ:PCAR opened at $106.02 on Monday. The company has a market capitalization of $55.59 billion, a PE ratio of 13.40, a P/E/G ratio of 2.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.39 and a current ratio of 1.67. The company’s fifty day moving average is $109.49 and its 200-day moving average is $104.60. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. Equities research analysts predict that PACCAR Inc will post 7.6 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $3.00 dividend. The ex-dividend date was Friday, December 20th. This is a boost from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is presently 15.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PCAR shares. Truist Financial upped their price objective on shares of PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $121.50 in a research note on Tuesday, January 14th. BNP Paribas raised PACCAR to a “hold” rating in a report on Wednesday, October 16th. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and increased their price target for the company from $99.00 to $129.00 in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their price target on PACCAR from $125.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.95.

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.