PACCAR Inc. $PCAR Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 25.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,187 shares of the company’s stock after selling 6,000 shares during the quarter. Whittier Trust Co.’s holdings in PACCAR were worth $2,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Private Wealth Management Group LLC lifted its stake in PACCAR by 293.1% during the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in PACCAR during the third quarter worth approximately $32,000. AlphaQuest LLC purchased a new stake in PACCAR during the third quarter worth approximately $38,000. True Wealth Design LLC lifted its stake in PACCAR by 61.1% during the fourth quarter. True Wealth Design LLC now owns 364 shares of the company’s stock worth $40,000 after purchasing an additional 138 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in PACCAR by 100.0% during the third quarter. Westside Investment Management Inc. now owns 432 shares of the company’s stock worth $42,000 after purchasing an additional 216 shares during the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PACCAR

In other news, CFO Brice J. Poplawski sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $130.41, for a total transaction of $286,902.00. Following the completion of the sale, the chief financial officer owned 903 shares in the company, valued at $117,760.23. This represents a 70.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paulo Henrique Bolgar sold 12,183 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $122.43, for a total value of $1,491,564.69. Following the sale, the vice president owned 6,274 shares of the company’s stock, valued at $768,125.82. This trade represents a 66.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 133,105 shares of company stock valued at $16,869,046. Corporate insiders own 1.99% of the company’s stock.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $126.25 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.55. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $131.88. The stock has a 50 day moving average of $121.35 and a two-hundred day moving average of $112.62. The stock has a market cap of $66.44 billion, a P/E ratio of 27.99, a P/E/G ratio of 1.04 and a beta of 1.06.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the previous year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, research analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current year.

Wall Street Analyst Weigh In

PCAR has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on PACCAR in a research note on Tuesday, March 31st. They set a “neutral” rating and a $126.00 target price for the company. Sanford C. Bernstein restated an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Citigroup boosted their target price on PACCAR from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Finally, Morgan Stanley set a $109.00 target price on PACCAR and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, PACCAR currently has an average rating of “Hold” and an average price target of $117.42.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.