Harbour Investments Inc. Buys 218 Shares of PACCAR Inc (NASDAQ:PCAR)

Harbour Investments Inc. boosted its stake in PACCAR Inc (NASDAQ:PCAR) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,492 shares of the company’s stock after acquiring an additional 218 shares during the period. Harbour Investments Inc.’s holdings in PACCAR were worth $155,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Gitterman Wealth Management LLC bought a new stake in PACCAR in the fourth quarter valued at approximately $353,000. one8zero8 LLC acquired a new position in PACCAR in the fourth quarter valued at approximately $2,882,000. Natixis Advisors LLC lifted its stake in PACCAR by 20.8% in the fourth quarter. Natixis Advisors LLC now owns 1,042,761 shares of the company’s stock valued at $108,468,000 after buying an additional 179,577 shares during the period. Frank Rimerman Advisors LLC lifted its stake in PACCAR by 1.4% in the fourth quarter. Frank Rimerman Advisors LLC now owns 37,040 shares of the company’s stock valued at $3,853,000 after buying an additional 511 shares during the period. Finally, Greykasell Wealth Strategies Inc. acquired a new position in PACCAR in the fourth quarter valued at approximately $996,000. 64.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PCAR has been the topic of several recent analyst reports. Melius Research raised PACCAR to a “strong-buy” rating in a research note on Tuesday, March 18th. Truist Financial boosted their price target on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Jefferies Financial Group lowered PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, December 6th. JPMorgan Chase & Co. dropped their price target on PACCAR from $132.00 to $121.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Finally, Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.23.

PACCAR Trading Down 1.2 %

NASDAQ PCAR opened at $97.11 on Friday. The firm has a market capitalization of $50.96 billion, a P/E ratio of 12.28, a PEG ratio of 2.77 and a beta of 0.91. The business has a fifty day simple moving average of $106.29 and a 200 day simple moving average of $106.48. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results 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 net margin of 12.36% and a return on equity of 23.53%. On average, analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a $0.33 dividend. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, February 12th. PACCAR’s dividend payout ratio is presently 16.69%.

Insider Activity at PACCAR

In other PACCAR 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 value of $224,100.00. Following the completion of the transaction, the vice president now owns 5,463 shares in the company, valued at $612,129.15. This represents a 26.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darrin C. Siver sold 103,671 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 61,005 shares of the company’s stock, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is owned by insiders.

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.