GDS Wealth Management Has $564,000 Position in PACCAR Inc (NASDAQ:PCAR)

GDS Wealth Management trimmed its stake in PACCAR Inc (NASDAQ:PCAR) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,780 shares of the company’s stock after selling 112 shares during the quarter. GDS Wealth Management’s holdings in PACCAR were worth $564,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. OFI Invest Asset Management bought a new position in PACCAR in the 3rd quarter valued at $26,000. AdvisorNet Financial Inc raised its stake in shares of PACCAR by 188.5% during the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock worth $27,000 after buying an additional 181 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of PACCAR in the 3rd quarter valued at $34,000. Bruce G. Allen Investments LLC acquired a new stake in shares of PACCAR during the fourth quarter worth $37,000. Finally, ORG Partners LLC increased its holdings in PACCAR by 6,200.0% in the fourth quarter. ORG Partners LLC now owns 378 shares of the company’s stock valued at $37,000 after purchasing an additional 372 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PCAR. Truist Financial restated a “hold” rating and set a $121.00 price objective (up previously from $117.00) on shares of PACCAR in a report on Thursday, May 2nd. Royal Bank of Canada began coverage on shares of PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price target on the stock. TD Cowen raised their price target on PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. UBS Group upgraded PACCAR from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $104.00 to $136.00 in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of PACCAR from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.62.

PACCAR Stock Performance

Shares of PACCAR stock traded up $1.87 on Thursday, hitting $108.92. The stock had a trading volume of 1,887,258 shares, compared to its average volume of 2,456,158. The stock has a market cap of $57.09 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The business’s 50 day moving average is $116.10 and its two-hundred day moving average is $103.15. The company has a quick ratio of 2.49, a current ratio of 2.73 and a debt-to-equity ratio of 0.54. PACCAR Inc has a twelve month low of $68.40 and a twelve month high of $125.50.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The firm had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter last year, the business earned $2.25 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts forecast that PACCAR Inc will post 8.26 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, May 14th. This is a positive change from PACCAR’s previous quarterly dividend of $0.27. PACCAR’s dividend payout ratio (DPR) is 11.20%.

Insider Activity

In other news, CEO R Preston Feight sold 33,850 shares of PACCAR stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $106.18, for a total value of $3,594,193.00. Following the completion of the sale, the chief executive officer now owns 154,430 shares in the company, valued at approximately $16,397,377.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO R Preston Feight sold 33,850 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $106.18, for a total value of $3,594,193.00. Following the completion of the sale, the chief executive officer now owns 154,430 shares in the company, valued at approximately $16,397,377.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Harrie Schippers sold 32,797 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the completion of the transaction, the chief financial officer now directly owns 103,547 shares in the company, valued at $10,984,265.76. The disclosure for this sale can be found here. In the last three months, insiders sold 77,770 shares of company stock worth $8,244,517. 2.02% of the stock is currently owned by company insiders.

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.