EP Wealth Advisors LLC Sells 368 Shares of PACCAR Inc (NASDAQ:PCAR)

EP Wealth Advisors LLC trimmed its position in shares of PACCAR Inc (NASDAQ:PCAR) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 18,157 shares of the company’s stock after selling 368 shares during the period. EP Wealth Advisors LLC’s holdings in PACCAR were worth $1,889,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. raised its position in shares of PACCAR by 8.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company’s stock valued at $8,916,000 after buying an additional 6,494 shares during the last quarter. LPL Financial LLC grew its stake in PACCAR by 6.1% during the fourth quarter. LPL Financial LLC now owns 212,405 shares of the company’s stock valued at $22,094,000 after acquiring an additional 12,143 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in PACCAR by 508.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 89,865 shares of the company’s stock valued at $9,348,000 after acquiring an additional 75,090 shares during the last quarter. American Century Companies Inc. lifted its stake in PACCAR by 15.8% in the 4th quarter. American Century Companies Inc. now owns 631,369 shares of the company’s stock worth $65,675,000 after purchasing an additional 86,215 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in shares of PACCAR during the 4th quarter valued at about $1,096,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Melius Research set a $120.00 target price on PACCAR in a report on Tuesday, March 18th. Truist Financial reduced their price objective on PACCAR from $113.00 to $104.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada lowered their target price on PACCAR from $106.00 to $97.00 and set a “sector perform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered shares of PACCAR from an “overweight” rating to a “neutral” rating and cut their target price for the company from $105.00 to $90.00 in a report on Wednesday, April 30th. Finally, Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $105.23.

Insiders Place Their Bets

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the sale, the vice president now directly owns 951 shares of the company’s stock, valued at $100,929.63. The trade was a 86.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pierre R. Breber bought 5,000 shares of PACCAR stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the transaction, the director now owns 13,015 shares of the company’s stock, valued at approximately $1,168,486.70. This trade represents a 62.38 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.02% of the company’s stock.

PACCAR Price Performance

PACCAR stock opened at $90.61 on Friday. PACCAR Inc has a 12-month low of $84.65 and a 12-month high of $118.81. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $94.45 and a 200-day moving average price of $104.20. The firm has a market capitalization of $47.56 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.12). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. The business had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter last year, the firm earned $2.27 EPS. The firm’s quarterly revenue was down 16.0% on a year-over-year basis. As a group, equities research analysts forecast that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, May 14th. PACCAR’s dividend payout ratio (DPR) is presently 20.00%.

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.