RWA Wealth Partners LLC Has $589,000 Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

RWA Wealth Partners LLC boosted its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 133.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,665 shares of the company’s stock after buying an additional 3,241 shares during the period. RWA Wealth Partners LLC’s holdings in PACCAR were worth $589,000 as of its most recent filing with the SEC.

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

PACCAR Stock Up 0.9 %

PCAR stock opened at $98.29 on Wednesday. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $123.20. The business’s 50 day simple moving average is $104.69 and its 200 day simple moving average is $106.76. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $51.60 billion, a PE ratio of 12.43, a PEG ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR) last released 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 net margin of 12.36% and a return on equity of 23.53%. As a group, research analysts anticipate that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.33 dividend. This is a boost from PACCAR’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.34%. The ex-dividend date was Wednesday, February 12th. PACCAR’s dividend payout ratio is currently 16.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PCAR. Jefferies Financial Group downgraded 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. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and raised their price target for the stock from $116.00 to $121.50 in a research note on Tuesday, January 14th. UBS Group downgraded shares of PACCAR from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $124.00 to $108.00 in a report on Tuesday, March 18th. Citigroup reduced their target price on shares of PACCAR from $112.00 to $105.00 and set a “neutral” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of PACCAR from $132.00 to $121.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PACCAR presently has an average rating of “Moderate Buy” and an average target price of $117.54.

Insiders Place Their Bets

In related news, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the transaction, the vice president now directly owns 5,463 shares in the company, valued at $612,129.15. This represents a 26.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darrin C. Siver sold 103,671 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now owns 61,005 shares in the company, valued at $6,805,717.80. This represents a 62.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock worth $18,261,908 over the last three months. Insiders own 2.02% of the company’s stock.

PACCAR Company 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.