Geller Advisors LLC Sells 518 Shares of PACCAR Inc (NASDAQ:PCAR)

Geller Advisors LLC lowered its holdings in PACCAR Inc (NASDAQ:PCAR) by 14.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,012 shares of the company’s stock after selling 518 shares during the quarter. Geller Advisors LLC’s holdings in PACCAR were worth $322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Madrona Financial Services LLC lifted its position in PACCAR by 1.1% in the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company’s stock valued at $837,000 after acquiring an additional 91 shares in the last quarter. Global Financial Private Client LLC boosted its position in PACCAR by 1.0% in the fourth quarter. Global Financial Private Client LLC now owns 9,716 shares of the company’s stock worth $1,011,000 after purchasing an additional 97 shares during the last quarter. PDS Planning Inc raised its stake in shares of PACCAR by 3.7% during the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company’s stock worth $292,000 after purchasing an additional 101 shares during the period. Valley National Advisers Inc. raised its position in PACCAR by 0.6% in the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company’s stock worth $1,982,000 after acquiring an additional 106 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of PACCAR by 14.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company’s stock valued at $88,000 after acquiring an additional 107 shares during the period. Institutional investors own 64.90% of the company’s stock.

Insider Transactions at PACCAR

In related news, CFO Harrie Schippers sold 28,676 shares of PACCAR stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the completion of the transaction, the chief financial officer now directly owns 114,659 shares of the company’s stock, valued at $12,150,414.23. This trade represents a 20.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Pierre R. Breber acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the acquisition, 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. Corporate insiders own 2.02% of the company’s stock.

PACCAR Price Performance

Shares of PACCAR stock opened at $90.61 on Friday. The stock has a market capitalization of $47.57 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The business’s 50 day simple moving average is $94.45 and its two-hundred day simple moving average is $104.20. PACCAR Inc has a one year low of $84.65 and a one year high of $118.81.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $7.13 billion. During the same period in the previous year, the company earned $2.27 EPS. The company’s revenue for the quarter was down 16.0% on a year-over-year basis. Analysts forecast that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.46%. PACCAR’s dividend payout ratio (DPR) is 20.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on PCAR shares. JPMorgan Chase & Co. downgraded PACCAR from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $90.00 in a research note on Wednesday, April 30th. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Melius upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. UBS Group cut shares of PACCAR from a “neutral” rating to a “sell” rating and lowered their target price for the company from $108.00 to $78.00 in a report on Monday, April 7th. Finally, Truist Financial reduced their price target on PACCAR from $113.00 to $104.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $105.23.

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.