Fidelis Capital Partners LLC Has $321,000 Holdings in PACCAR Inc (NASDAQ:PCAR)

Fidelis Capital Partners LLC raised its position in PACCAR Inc (NASDAQ:PCAR) by 22.7% in the fourth quarter, HoldingsChannel reports. The fund owned 3,286 shares of the company’s stock after purchasing an additional 608 shares during the quarter. Fidelis Capital Partners LLC’s holdings in PACCAR were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PCAR. OFI Invest Asset Management acquired a new stake in PACCAR in the third quarter valued at approximately $26,000. AdvisorNet Financial Inc grew its stake 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 acquiring an additional 181 shares during the period. ST Germain D J Co. Inc. boosted its position in shares of PACCAR by 61.9% during the third quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock valued at $29,000 after buying an additional 130 shares during the last quarter. Arlington Trust Co LLC purchased a new position in shares of PACCAR during the third quarter valued at approximately $30,000. Finally, Achmea Investment Management B.V. purchased a new position in shares of PACCAR during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of PCAR opened at $111.19 on Friday. The firm has a market cap of $58.26 billion, a PE ratio of 12.68, a PEG ratio of 1.71 and a beta of 0.92. The stock’s fifty day moving average price is $115.97 and its two-hundred day moving average price is $100.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 2.21. PACCAR Inc has a 1 year low of $68.40 and a 1 year high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.45. The firm had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.48 billion. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. On average, equities research analysts forecast that PACCAR Inc will post 8.21 EPS for the current year.

PACCAR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were paid a $0.27 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.97%. PACCAR’s payout ratio is presently 12.31%.

Insider Buying and Selling at PACCAR

In other PACCAR news, SVP Kevin D. Baney sold 7,203 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $103.03, for a total value of $742,125.09. Following the sale, the senior vice president now directly owns 6,621 shares in the company, valued at $682,161.63. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Harrie Schippers sold 5,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $102.27, for a total transaction of $511,350.00. Following the sale, the chief financial officer now directly owns 103,547 shares in the company, valued at approximately $10,589,751.69. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kevin D. Baney sold 7,203 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $103.03, for a total value of $742,125.09. Following the sale, the senior vice president now owns 6,621 shares in the company, valued at $682,161.63. The disclosure for this sale can be found here. Insiders have sold a total of 153,496 shares of company stock worth $15,834,812 over the last ninety days. 2.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PCAR shares. JPMorgan Chase & Co. lifted their target price on PACCAR from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Morgan Stanley started coverage on PACCAR in a research report on Monday, January 8th. They set an “overweight” rating and a $125.00 target price on the stock. The Goldman Sachs Group lifted their target price on PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America raised PACCAR from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $84.00 to $97.00 in a research report on Friday, January 19th. Finally, Truist Financial started coverage on PACCAR in a research report on Thursday, March 14th. They set a “hold” rating and a $117.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.82.

PACCAR Company 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.