Jackson Creek Investment Advisors LLC Has $1.21 Million Position in PACCAR Inc (NASDAQ:PCAR)

Jackson Creek Investment Advisors LLC reduced its holdings in PACCAR Inc (NASDAQ:PCAR) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,344 shares of the company’s stock after selling 1,101 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in PACCAR were worth $1,205,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PCAR. DAVENPORT & Co LLC acquired a new stake in shares of PACCAR in the third quarter valued at about $245,000. Valeo Financial Advisors LLC lifted its stake in shares of PACCAR by 10.3% in the third quarter. Valeo Financial Advisors LLC now owns 4,712 shares of the company’s stock valued at $401,000 after buying an additional 439 shares during the period. ST Germain D J Co. Inc. lifted its stake in shares of PACCAR by 61.9% in the third quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock valued at $29,000 after buying an additional 130 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of PACCAR in the third quarter valued at about $699,000. Finally, Raymond James & Associates lifted its stake in shares of PACCAR by 29.1% in the third quarter. Raymond James & Associates now owns 79,615 shares of the company’s stock valued at $6,769,000 after buying an additional 17,953 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PACCAR

In related news, CFO Harrie Schippers sold 32,797 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.08, for a total value of $3,479,105.76. Following the sale, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the sale, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Todd R. Hubbard sold 4,829 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $102.12, for a total transaction of $493,137.48. Following the sale, the vice president now directly owns 5,726 shares in the company, valued at $584,739.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,946 shares of company stock valued at $7,003,148. 2.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on PCAR shares. Truist Financial started coverage on shares of PACCAR in a research note on Thursday, March 14th. They set a “hold” rating and a $117.00 price target for the company. Evercore ISI raised their price target on shares of PACCAR from $94.00 to $101.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. The Goldman Sachs Group raised their price target on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Royal Bank of Canada began coverage on shares of PACCAR in a report on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price target for the company. Finally, UBS Group raised shares of PACCAR from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $104.00 to $136.00 in a report on Friday, March 15th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PACCAR presently has an average rating of “Moderate Buy” and a consensus target price of $113.08.

PACCAR Trading Down 6.6 %

Shares of PCAR stock traded down $7.53 on Tuesday, hitting $106.11. The stock had a trading volume of 7,350,099 shares, compared to its average volume of 2,411,663. PACCAR Inc has a twelve month low of $68.40 and a twelve month high of $125.50. The firm has a market cap of $55.60 billion, a P/E ratio of 12.04, a PEG ratio of 1.68 and a beta of 0.92. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $116.69 and a two-hundred day moving average price of $102.18.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.25 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 EPS. As a group, analysts forecast that PACCAR Inc will post 8.21 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 1.02%. PACCAR’s dividend payout ratio is currently 12.31%.

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.