Bensler LLC Invests $207,000 in PACCAR Inc (NASDAQ:PCAR)

Bensler LLC acquired a new stake in PACCAR Inc (NASDAQ:PCAR) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,992 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PCAR. Quarry LP bought a new position in shares of PACCAR in the second quarter worth approximately $26,000. Grove Bank & Trust lifted its position in PACCAR by 28.4% in the third quarter. Grove Bank & Trust now owns 466 shares of the company’s stock valued at $46,000 after purchasing an additional 103 shares during the last quarter. Sander Capital Advisors Inc. purchased a new stake in PACCAR during the 3rd quarter valued at $50,000. Ashton Thomas Securities LLC purchased a new stake in shares of PACCAR during the third quarter worth about $52,000. Finally, AdvisorNet Financial Inc lifted its holdings in PACCAR by 223.4% in the 4th quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock worth $59,000 after buying an additional 391 shares during the period. 64.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on PCAR. Truist Financial raised their target price on shares of PACCAR from $110.00 to $112.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $119.00 price target on shares of PACCAR in a research note on Monday, November 4th. Finally, Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, PACCAR presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.23.

Insider Transactions at PACCAR

In other news, CEO R Preston Feight sold 27,191 shares of the business’s stock in a transaction on Friday, November 1st. The shares were 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 directly owns 171,776 shares of the company’s stock, valued at approximately $17,782,251.52. The trade was a 13.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.02% of the company’s stock.

PACCAR Stock Performance

PCAR opened at $107.25 on Wednesday. The stock has a market capitalization of $56.23 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 2.77 and a beta of 0.93. The company has a fifty day moving average of $110.51 and a 200 day moving average of $104.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a return on equity of 27.24% and a net margin of 13.51%. As a group, sell-side analysts forecast that PACCAR Inc will post 7.93 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $3.00 per share. 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 dividend payout ratio 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.