Sheaff Brock Investment Advisors LLC Has $434,000 Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Sheaff Brock Investment Advisors LLC reduced its position in PACCAR Inc (NASDAQ:PCAR) by 8.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,400 shares of the company’s stock after selling 400 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in PACCAR were worth $434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PCAR. Quarry LP bought a new stake in PACCAR during the 2nd quarter worth about $26,000. New Covenant Trust Company N.A. bought a new stake in shares of PACCAR during the first quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its holdings in PACCAR by 269.7% in the second quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock valued at $29,000 after buying an additional 205 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in PACCAR in the second quarter valued at approximately $36,000. Finally, Fortitude Family Office LLC grew its holdings in PACCAR by 200.0% during the 2nd quarter. Fortitude Family Office LLC now owns 366 shares of the company’s stock worth $38,000 after acquiring an additional 244 shares during the period. Institutional investors own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PCAR shares. Citigroup lifted their price objective on PACCAR from $100.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $119.00 price target on shares of PACCAR in a research report on Monday, November 4th. Morgan Stanley decreased their price objective on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. StockNews.com upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Finally, Evercore ISI upgraded shares of PACCAR from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $99.00 to $129.00 in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $116.55.

Insider Buying and Selling at PACCAR

In other news, VP Todd R. Hubbard sold 3,230 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $107.27, for a total transaction of $346,482.10. Following the completion of the sale, the vice president now owns 3,061 shares of the company’s stock, valued at approximately $328,353.47. This represents a 51.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Harrie Schippers sold 20,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $106.93, for a total transaction of $2,138,600.00. Following the transaction, the chief financial officer now owns 105,558 shares of the company’s stock, valued at $11,287,316.94. This trade represents a 15.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,315 shares of company stock valued at $6,358,552 in the last quarter. 2.02% of the stock is currently owned by insiders.

PACCAR Stock Performance

Shares of PCAR stock opened at $112.26 on Friday. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The company’s fifty day simple moving average is $104.03 and its 200-day simple moving average is $102.82. The firm has a market cap of $58.86 billion, a PE ratio of 12.54, a P/E/G ratio of 1.83 and a beta of 0.89. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.03. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The business had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same period in the previous year, the company earned $2.34 earnings per share. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities research analysts expect that PACCAR Inc will post 7.98 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 13th. PACCAR’s dividend payout ratio (DPR) is presently 13.41%.

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.