Financial Engines Advisors L.L.C. Has $627,000 Holdings in PACCAR Inc (NASDAQ:PCAR)

Financial Engines Advisors L.L.C. grew its position in PACCAR Inc (NASDAQ:PCAR) by 61.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,031 shares of the company’s stock after buying an additional 2,284 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in PACCAR were worth $627,000 at the end of the most recent quarter.

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

Insider Transactions at PACCAR

In related news, CFO Harrie Schippers sold 28,676 shares of PACCAR 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 completion of the transaction, the chief financial officer now directly owns 114,659 shares of the company’s stock, valued at $12,150,414.23. The trade was a 20.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $112.05, for a total value of $224,100.00. Following the transaction, the vice president now directly owns 5,463 shares in the company, valued at $612,129.15. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,547 shares of company stock valued at $18,261,908. Corporate insiders own 2.02% of the company’s stock.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $98.19 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The stock has a market capitalization of $51.54 billion, a P/E ratio of 12.41, a P/E/G ratio of 2.77 and a beta of 0.91. The business has a 50-day moving average of $105.45 and a two-hundred day moving average of $106.54. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share 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%. On average, equities research analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.33 per share. 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 1.34%. The ex-dividend date of this dividend was Wednesday, February 12th. PACCAR’s payout ratio is 16.69%.

Analysts Set New Price Targets

PCAR has been the subject of several research analyst reports. Truist Financial increased their price objective on PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Melius Research set a $120.00 price target on shares of PACCAR in a report on Tuesday, March 18th. 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 research report on Tuesday, March 18th. Melius upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. 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 report on Tuesday, March 18th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.38.

PACCAR 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.