Matrix Trust Co Has $173,000 Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Matrix Trust Co grew its holdings in PACCAR Inc (NASDAQ:PCAR) by 581.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,663 shares of the company’s stock after acquiring an additional 1,419 shares during the quarter. Matrix Trust Co’s holdings in PACCAR were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Quarry LP bought a new stake in shares of PACCAR in the second quarter valued at approximately $26,000. Meeder Asset Management Inc. lifted its position in PACCAR by 269.7% in the second quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock worth $29,000 after purchasing an additional 205 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in PACCAR in the second quarter worth $36,000. 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 worth $46,000 after purchasing an additional 103 shares during the period. Finally, Sander Capital Advisors Inc. bought a new position in PACCAR in the third quarter worth $50,000. 64.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on PCAR. BNP Paribas raised PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Citigroup lifted their price objective on PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, December 9th. JPMorgan Chase & Co. cut their price objective on PACCAR from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley cut their price objective on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. 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 report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $118.50.

Insider Buying and Selling

In other news, VP Todd R. Hubbard sold 3,230 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $107.27, for a total transaction of $346,482.10. Following the completion of the transaction, the vice president now directly owns 3,061 shares in the company, valued at approximately $328,353.47. The trade was a 51.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin D. Baney sold 9,894 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $107.00, for a total value of $1,058,658.00. Following the transaction, the senior vice president now owns 7,121 shares of the company’s stock, valued at $761,947. The trade was a 58.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,315 shares of company stock worth $6,358,552 over the last three months. 2.02% of the stock is currently owned by company insiders.

PACCAR Stock Performance

Shares of NASDAQ:PCAR opened at $106.58 on Monday. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The firm has a market cap of $55.88 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. The business has a fifty day moving average of $111.26 and a 200-day moving average of $103.81.

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

PACCAR Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a $3.00 dividend. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s dividend payout ratio (DPR) is presently 14.75%.

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.