ORG Wealth Partners LLC Takes Position in PACCAR Inc (NASDAQ:PCAR)

ORG Wealth Partners LLC purchased a new position in shares of PACCAR Inc (NASDAQ:PCAR) during the 4th quarter, Holdings Channel.com reports. The firm purchased 732 shares of the company’s stock, valued at approximately $76,000.

Other hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in PACCAR by 3.1% in the second quarter. Private Advisor Group LLC now owns 21,661 shares of the company’s stock valued at $2,230,000 after buying an additional 658 shares in the last quarter. Acadian Asset Management LLC boosted its position in PACCAR by 472.7% during the 2nd quarter. Acadian Asset Management LLC now owns 16,252 shares of the company’s stock worth $1,671,000 after buying an additional 13,414 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in PACCAR during the 2nd quarter worth approximately $36,000. AGF Management Ltd. increased its position in PACCAR by 6.3% in the 2nd quarter. AGF Management Ltd. now owns 21,755 shares of the company’s stock valued at $2,239,000 after acquiring an additional 1,280 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of PACCAR by 15.4% in the second quarter. American Century Companies Inc. now owns 552,135 shares of the company’s stock worth $56,837,000 after purchasing an additional 73,494 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

Insider Activity at PACCAR

In other news, CFO Harrie Schippers sold 20,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $106.93, for a total value of $2,138,600.00. Following the sale, the chief financial officer now directly owns 105,558 shares of the company’s stock, valued at approximately $11,287,316.94. This represents a 15.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO R Preston Feight sold 27,191 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $103.52, for a total transaction of $2,814,812.32. Following the completion of the sale, the chief executive officer now owns 171,776 shares in the company, valued at $17,782,251.52. This represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,315 shares of company stock worth $6,358,552. 2.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of analyst reports. Morgan Stanley reduced their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on PACCAR from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $119.00 price objective on shares of PACCAR in a research report on Monday, November 4th. Finally, Evercore ISI upgraded shares of PACCAR from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $99.00 to $129.00 in a report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $118.50.

PACCAR Price Performance

PACCAR stock opened at $106.58 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $111.26 and its 200 day simple moving average is $103.83. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The company has a market cap of $55.88 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.77 and a beta of 0.93.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The company had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the prior year, the company earned $2.34 EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Sell-side analysts forecast that PACCAR Inc will post 7.98 EPS for the current year.

PACCAR Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s payout ratio is 14.75%.

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.