Auxano Advisors LLC Has $307,000 Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Auxano Advisors LLC decreased its position in shares of PACCAR Inc (NASDAQ:PCAR) by 10.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,145 shares of the company’s stock after selling 381 shares during the period. Auxano Advisors LLC’s holdings in PACCAR were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of PACCAR by 0.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,587,576 shares of the company’s stock worth $730,116,000 after purchasing an additional 23,865 shares during the last quarter. Northern Trust Corp increased its position in PACCAR by 6.0% during the third quarter. Northern Trust Corp now owns 5,540,803 shares of the company’s stock worth $471,079,000 after buying an additional 316,001 shares during the last quarter. Invesco Ltd. increased its position in PACCAR by 9.9% during the third quarter. Invesco Ltd. now owns 3,645,267 shares of the company’s stock worth $309,921,000 after buying an additional 328,347 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in PACCAR by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,913,341 shares of the company’s stock valued at $247,692,000 after buying an additional 15,599 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of PACCAR by 2.8% in the third quarter. Deutsche Bank AG now owns 1,878,259 shares of the company’s stock worth $159,690,000 after buying an additional 52,041 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

PCAR stock traded down $7.53 during midday trading on Tuesday, reaching $106.11. 7,350,098 shares of the company’s stock traded hands, compared to its average volume of 2,411,608. The company has a 50-day simple moving average of $116.69 and a two-hundred day simple moving average of $102.18. 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 1-year low of $68.40 and a 1-year high of $125.50. The company has a market cap of $55.60 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.68 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, April 30th. The company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The company had revenue of $8.24 billion during the quarter, compared to analyst estimates of $8.25 billion. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $2.25 earnings per share. On average, analysts anticipate that PACCAR Inc will post 8.21 earnings per share for the current year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.02%. PACCAR’s payout ratio is 12.31%.

Analyst Ratings Changes

A number of brokerages have recently commented on PCAR. Royal Bank of Canada assumed coverage on PACCAR in a report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price objective on the stock. Evercore ISI increased their price target on PACCAR from $94.00 to $101.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of PACCAR from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. The Goldman Sachs Group raised their target price on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Truist Financial initiated coverage on shares of PACCAR in a research report on Thursday, March 14th. They set a “hold” rating and a $117.00 target price for the company. Eight research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.08.

Insider Activity

In other PACCAR news, VP Todd R. Hubbard sold 4,829 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $102.12, for a total transaction of $493,137.48. Following the transaction, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $584,739.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other PACCAR news, VP Todd R. Hubbard sold 4,829 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $102.12, for a total transaction of $493,137.48. Following the transaction, the vice president now directly owns 5,726 shares in the company, valued at approximately $584,739.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R Preston Feight sold 27,320 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.17, for a total transaction of $2,818,604.40. Following the completion of the transaction, the chief executive officer now directly owns 145,495 shares in the company, valued at approximately $15,010,719.15. The disclosure for this sale can be found here. Insiders have sold 66,946 shares of company stock valued at $7,003,148 over the last three months. 2.02% of the stock is owned by 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.