1 week Ago By ABMN Staff
CIBC Private Wealth Group LLC cut its holdings in shares of PACCAR Inc ( NASDAQ:PCAR – Free Report ) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,414 shares of the company’s stock after selling 468 shares during the period.
CIBC Private Wealth Group LLC’s holdings in PACCAR were worth $262,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of PACCAR in the fourth quarter valued at $37,000.
Kestra Investment Management LLC acquired a new stake in PACCAR in the 4th quarter valued at about $37,000. OFI Invest Asset Management bought a new position in shares of PACCAR in the fourth quarter worth about $43,000. Atala Financial Inc acquired a new position in shares of PACCAR during the fourth quarter worth approximately $43,000.
Finally, Regents Gate Capital LLP bought a new stake in shares of PACCAR during the fourth quarter valued at approximately $44,000. 64.90% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling In related news, VP Michael K. Walton sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $106.
13, for a total value of $636,780.00. Following the completion of the transaction, the vice president now directly owns 951 shares of the company’s stock, valued at approximately $100,929.
63. This represents a 86.32 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, CFO Harrie Schippers sold 28,676 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.
97, for a total value of $3,038,795.72. Following the transaction, the chief financial officer now owns 114,659 shares of the company’s stock, valued at approximately $12,150,414.
23. This trade represents a 20.01 % decrease in their position.
The disclosure for this sale can be found here . In the last three months, insiders sold 165,547 shares of company stock valued at $18,261,908. 2.
02% of the stock is owned by corporate insiders. PACCAR Trading Down 1.6 % PACCAR ( NASDAQ:PCAR – Get Free Report ) last issued its quarterly earnings data on Tuesday, January 28th.
The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.
04). PACCAR had a return on equity of 23.53% and a net margin of 12.
36%. Equities research analysts anticipate that PACCAR Inc will post 7.57 EPS for the current year.
PACCAR Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a $0.33 dividend.
The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from PACCAR’s previous quarterly dividend of $0.30.
This represents a $1.32 annualized dividend and a dividend yield of 1.45%.
PACCAR’s payout ratio is currently 16.69%. Wall Street Analysts Forecast Growth Several research analysts recently weighed in on PCAR shares.
Evercore ISI dropped their price objective on shares of PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th.
Truist Financial upped their price target on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th.
Melius upgraded PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Melius Research set a $120.00 price objective on PACCAR in a report on Tuesday, March 18th.
Finally, Citigroup reduced their target price on shares of PACCAR from $112.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st.
Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.
54. View Our Latest Stock Analysis on PACCAR PACCAR Company Profile ( Free Report ) 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. Read More Receive News & Ratings for PACCAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR and related companies with MarketBeat.com's FREE daily email newsletter .
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