Kiley Juergens Wealth Management LLC Cuts Stake in PACCAR Inc (NASDAQ:PCAR)

Kiley Juergens Wealth Management LLC reduced its position in PACCAR Inc (NASDAQ:PCAR) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,800 shares of the company’s stock after selling 397 shares during the quarter. PACCAR comprises approximately 1.0% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding. Kiley Juergens Wealth Management LLC’s holdings in PACCAR were worth $2,910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PCAR. AdvisorNet Financial Inc lifted its position in PACCAR by 188.5% during the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares during the period. OFI Invest Asset Management acquired a new position in shares of PACCAR in the third quarter worth about $26,000. ST Germain D J Co. Inc. raised its position in shares of PACCAR by 61.9% in the third quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock worth $29,000 after acquiring an additional 130 shares during the period. Arlington Trust Co LLC purchased a new stake in shares of PACCAR during the third quarter worth about $30,000. Finally, ORG Partners LLC increased its stake in shares of PACCAR by 6,200.0% during the fourth quarter. ORG Partners LLC now owns 378 shares of the company’s stock worth $37,000 after purchasing an additional 372 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PACCAR

In other news, CEO R Preston Feight sold 27,320 shares of PACCAR stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.17, for a total value of $2,818,604.40. Following the transaction, the chief executive officer now owns 145,495 shares of the company’s stock, valued at $15,010,719.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other PACCAR news, CEO R Preston Feight sold 27,320 shares of PACCAR stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.17, for a total transaction of $2,818,604.40. Following the sale, the chief executive officer now owns 145,495 shares in the company, valued at $15,010,719.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Harrie Schippers sold 5,000 shares of PACCAR stock in a transaction on Friday, January 26th. The stock was sold at an average price of $102.27, for a total transaction of $511,350.00. Following the sale, the chief financial officer now owns 103,547 shares in the company, valued at approximately $10,589,751.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,496 shares of company stock valued at $15,834,812. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Price Performance

Shares of NASDAQ:PCAR traded down $0.48 during trading hours on Tuesday, hitting $117.54. 1,736,179 shares of the company’s stock traded hands, compared to its average volume of 2,277,372. PACCAR Inc has a 52 week low of $68.40 and a 52 week high of $125.50. The company’s fifty day simple moving average is $115.22 and its two-hundred day simple moving average is $100.23. The company has a market cap of $61.59 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.25 by $0.45. The company had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.48 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.76 earnings per share. As a group, equities analysts anticipate that PACCAR Inc will post 8.16 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 given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, February 14th. PACCAR’s payout ratio is presently 12.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PCAR shares. Morgan Stanley assumed coverage on shares of PACCAR in a report on Monday, January 8th. They issued an “overweight” rating and a $125.00 target price on the stock. TD Cowen increased their target price on shares of PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group increased their target price on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group raised shares of PACCAR from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. Finally, Bank of America raised shares of PACCAR from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $84.00 to $97.00 in a research report on Friday, January 19th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, PACCAR currently 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.