Orion Portfolio Solutions LLC Sells 3,436 Shares of PACCAR Inc (NASDAQ:PCAR)

Orion Portfolio Solutions LLC decreased its stake in PACCAR Inc (NASDAQ:PCAR) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 68,007 shares of the company’s stock after selling 3,436 shares during the period. Orion Portfolio Solutions LLC’s holdings in PACCAR were worth $7,074,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of PACCAR during the 4th quarter valued at $37,000. Kestra Investment Management LLC purchased a new stake in PACCAR during the fourth quarter valued at about $37,000. OFI Invest Asset Management bought a new position in PACCAR during the fourth quarter worth about $43,000. Atala Financial Inc bought a new position in PACCAR during the fourth quarter worth about $43,000. Finally, Regents Gate Capital LLP bought a new stake in shares of PACCAR in the fourth quarter valued at approximately $44,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total transaction of $636,780.00. Following the transaction, the vice president now directly owns 951 shares of the company’s stock, valued at approximately $100,929.63. This trade represents a 86.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the sale, the vice president now owns 5,463 shares of the company’s stock, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock worth $18,261,908 in the last quarter. 2.02% of the stock is owned by insiders.

Analyst Ratings Changes

PCAR has been the subject of several analyst reports. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Truist Financial boosted their price objective on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Friday, December 6th. UBS Group cut PACCAR from a “buy” rating to a “neutral” rating and decreased their price target for the company from $124.00 to $108.00 in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of PACCAR from $132.00 to $121.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.38.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $96.91 on Friday. The company’s fifty day moving average price is $105.19 and its 200-day moving average price is $106.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The firm has a market capitalization of $50.87 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 2.77 and a beta of 0.91. PACCAR Inc has a one year low of $90.04 and a one year high of $124.39.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. On average, equities research analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.36%. This is a boost from PACCAR’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 12th. PACCAR’s dividend payout ratio (DPR) is currently 16.69%.

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.