Yousif Capital Management LLC Decreases Stake in PACCAR Inc (NASDAQ:PCAR)

Yousif Capital Management LLC lowered its position in PACCAR Inc (NASDAQ:PCAR) by 4.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 78,661 shares of the company’s stock after selling 3,836 shares during the quarter. Yousif Capital Management LLC’s holdings in PACCAR were worth $7,681,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. FORVIS Wealth Advisors LLC grew its holdings in PACCAR by 0.5% during the 4th quarter. FORVIS Wealth Advisors LLC now owns 22,097 shares of the company’s stock valued at $2,158,000 after buying an additional 109 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in PACCAR by 0.9% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 14,478 shares of the company’s stock valued at $1,231,000 after buying an additional 124 shares in the last quarter. Blue Trust Inc. grew its holdings in PACCAR by 39.3% during the 4th quarter. Blue Trust Inc. now owns 450 shares of the company’s stock valued at $44,000 after buying an additional 127 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in PACCAR by 61.9% during the 3rd quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock valued at $29,000 after buying an additional 130 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of PACCAR by 0.4% during the third quarter. Coldstream Capital Management Inc. now owns 35,869 shares of the company’s stock worth $3,050,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Mark C. Pigott sold 74,347 shares of PACCAR stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total value of $7,578,189.71. Following the completion of the sale, the chairman now directly owns 4,843,277 shares in the company, valued at approximately $493,675,224.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other PACCAR news, Chairman Mark C. Pigott sold 74,347 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total value of $7,578,189.71. Following the transaction, the chairman now directly owns 4,843,277 shares of the company’s stock, valued at $493,675,224.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd R. Hubbard sold 4,829 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $102.12, for a total value of $493,137.48. Following the completion of the transaction, the vice president now directly owns 5,726 shares in the company, valued at $584,739.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,496 shares of company stock worth $15,834,812. 2.02% of the stock is owned by corporate insiders.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $113.16 on Thursday. PACCAR Inc has a 1-year low of $68.40 and a 1-year high of $125.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 2.21. The business has a fifty day moving average price of $116.40 and a 200-day moving average price of $101.52. The company has a market capitalization of $59.30 billion, a PE ratio of 12.97, a PEG ratio of 1.70 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.25 by $0.45. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The company had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same period last year, the company earned $1.76 EPS. PACCAR’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts expect that PACCAR Inc will post 8.21 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 0.95%. PACCAR’s payout ratio is 12.31%.

Analyst Ratings Changes

Several brokerages have recently commented on PCAR. UBS Group raised PACCAR from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $104.00 to $136.00 in a report on Friday, March 15th. The Goldman Sachs Group upped their target price on PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Bank of America raised PACCAR from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $84.00 to $97.00 in a research note on Friday, January 19th. Royal Bank of Canada started coverage on PACCAR in a research note on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price objective for the company. Finally, Truist Financial began coverage on PACCAR in a research note on Thursday, March 14th. They set a “hold” rating and a $117.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.82.

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.