Crossmark Global Holdings Inc. Has $2.70 Million Stake in PACCAR Inc (NASDAQ:PCAR)

Crossmark Global Holdings Inc. increased its stake in PACCAR Inc (NASDAQ:PCAR) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,972 shares of the company’s stock after purchasing an additional 167 shares during the period. Crossmark Global Holdings Inc.’s holdings in PACCAR were worth $2,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PCAR. AE Wealth Management LLC boosted its position in shares of PACCAR by 33.7% during the second quarter. AE Wealth Management LLC now owns 3,887 shares of the company’s stock worth $400,000 after buying an additional 980 shares during the period. Thrivent Financial for Lutherans lifted its stake in PACCAR by 34.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 151,067 shares of the company’s stock valued at $15,550,000 after acquiring an additional 38,373 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in PACCAR by 81.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 104,736 shares of the company’s stock worth $10,782,000 after acquiring an additional 46,955 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of PACCAR by 72.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 39,809 shares of the company’s stock worth $4,098,000 after acquiring an additional 16,777 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of PACCAR by 17.6% in the second quarter. EverSource Wealth Advisors LLC now owns 728 shares of the company’s stock valued at $72,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PCAR. JPMorgan Chase & Co. raised their target price on shares of PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Citigroup decreased their price objective on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group lowered PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Friday, December 6th. Truist Financial raised their price target on PACCAR from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley dropped their price objective on PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $120.13.

Insider Transactions at PACCAR

In related news, CFO Harrie Schippers sold 20,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $106.93, for a total transaction of $2,138,600.00. Following the sale, the chief financial officer now owns 105,558 shares of the company’s stock, valued at $11,287,316.94. This represents a 15.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO R Preston Feight sold 27,191 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $103.52, for a total value of $2,814,812.32. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,315 shares of company stock valued at $6,358,552. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Stock Down 0.2 %

Shares of PCAR opened at $109.84 on Thursday. The firm has a market cap of $57.59 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 2.78 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. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The firm’s 50-day simple moving average is $110.84 and its 200 day simple moving average is $104.19.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.82 by $0.03. The company had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 earnings per share. On average, analysts forecast that PACCAR Inc will post 7.93 earnings per share for the current year.

PACCAR Increases Dividend

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

About PACCAR

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.