Sonata Capital Group Inc. Has $315,000 Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Sonata Capital Group Inc. reduced its holdings in PACCAR Inc (NASDAQ:PCAR) by 9.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,030 shares of the company’s stock after selling 300 shares during the period. Sonata Capital Group Inc.’s holdings in PACCAR were worth $315,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Golden State Wealth Management LLC acquired a new position in shares of PACCAR in the 4th quarter worth approximately $37,000. Regents Gate Capital LLP bought a new position in PACCAR during the fourth quarter worth $44,000. Grove Bank & Trust lifted its holdings in PACCAR by 28.4% in the third quarter. Grove Bank & Trust now owns 466 shares of the company’s stock valued at $46,000 after buying an additional 103 shares during the period. Sander Capital Advisors Inc. bought a new stake in PACCAR during the third quarter valued at $50,000. Finally, Ashton Thomas Securities LLC acquired a new stake in PACCAR during the 3rd quarter worth about $52,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

NASDAQ PCAR opened at $106.09 on Wednesday. The company has a fifty day moving average price of $109.29 and a 200-day moving average price of $104.70. The firm has a market cap of $55.62 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.39. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share (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%. As a group, equities research analysts predict that PACCAR Inc will post 7.6 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm 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 of this dividend was Friday, December 20th. This is a boost from PACCAR’s previous dividend of $0.89. PACCAR’s payout ratio is currently 15.17%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PCAR. Royal Bank of Canada reissued a “sector perform” rating and issued a $119.00 price objective on shares of PACCAR in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price target on PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI raised shares of PACCAR from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $99.00 to $129.00 in a research note on Wednesday, November 13th. Finally, Truist Financial lifted their price target on shares of PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note 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, PACCAR has a consensus rating of “Moderate Buy” and a consensus target price of $121.95.

Insider Buying and Selling at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the transaction, the vice president now owns 5,463 shares of the company’s stock, valued at $612,129.15. This represents a 26.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Preston Feight sold 25,200 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $110.98, for a total value of $2,796,696.00. Following the transaction, the chief executive officer now owns 206,129 shares of the company’s stock, valued at $22,876,196.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 130,871 shares of company stock worth $14,586,333 in the last quarter. 2.02% of the stock is currently owned by company 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.