Linden Thomas Advisory Services LLC Takes $258,000 Position in PACCAR Inc (NASDAQ:PCAR)

Linden Thomas Advisory Services LLC acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,637 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of PACCAR during the third quarter worth about $26,000. AdvisorNet Financial Inc grew its stake in PACCAR by 188.5% in the 4th quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock worth $27,000 after acquiring an additional 181 shares during the period. ST Germain D J Co. Inc. grew its stake in PACCAR by 61.9% in the 3rd quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock worth $29,000 after acquiring an additional 130 shares during the period. Arlington Trust Co LLC acquired a new position in PACCAR in the 3rd quarter valued at $30,000. Finally, NBC Securities Inc. purchased a new position in shares of PACCAR during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PCAR. TD Cowen increased their target price on PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upped their price target on shares of PACCAR from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Bank of America raised shares of PACCAR from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $84.00 to $97.00 in a research note on Friday, January 19th. Evercore ISI boosted their price objective on shares of PACCAR from $94.00 to $101.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Finally, Truist Financial assumed coverage on PACCAR in a research report on Thursday, March 14th. They issued 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.82.

PACCAR Stock Down 0.6 %

NASDAQ PCAR opened at $111.96 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. PACCAR Inc has a fifty-two week low of $68.40 and a fifty-two week high of $125.50. The business has a 50 day moving average price of $116.58 and a two-hundred day moving average price of $101.77. The stock has a market cap of $58.67 billion, a PE ratio of 12.77, a P/E/G ratio of 1.69 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts predict that PACCAR Inc will post 8.21 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were given a $0.27 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.96%. PACCAR’s payout ratio is currently 12.31%.

Insider Activity

In other news, Chairman Mark C. Pigott sold 74,347 shares of PACCAR stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total transaction of $7,578,189.71. Following the sale, the chairman now directly owns 4,843,277 shares of the company’s stock, valued at $493,675,224.61. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other PACCAR news, Chairman Mark C. Pigott sold 74,347 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total transaction of $7,578,189.71. Following the completion of the sale, the chairman now owns 4,843,277 shares in the company, valued at approximately $493,675,224.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the transaction, the vice president now directly owns 5,726 shares in the company, valued at $607,814.90. The disclosure for this sale can be found here. Insiders sold 141,293 shares of company stock worth $14,581,337 over the last ninety days. 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.