Northstar Advisory Group LLC Has $1.44 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

Northstar Advisory Group LLC increased its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 26.4% during the fourth quarter, HoldingsChannel reports. The fund owned 14,774 shares of the company’s stock after acquiring an additional 3,090 shares during the quarter. Northstar Advisory Group LLC’s holdings in PACCAR were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. OFI Invest Asset Management bought a new stake in shares of PACCAR during the third quarter valued at approximately $26,000. ST Germain D J Co. Inc. lifted its holdings in shares of PACCAR by 61.9% during the 3rd 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 bought a new stake in PACCAR in the third quarter valued at about $30,000. Achmea Investment Management B.V. acquired a new position in PACCAR in the first quarter worth about $33,000. Finally, NBC Securities Inc. acquired a new stake in PACCAR during the third quarter valued at approximately $34,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCAR has been the topic of several recent analyst reports. Royal Bank of Canada started coverage on shares of PACCAR in a research note on Tuesday. They issued a “sector perform” rating and a $123.00 target price on the stock. Morgan Stanley began coverage on shares of PACCAR in a research note on Monday, January 8th. They issued an “overweight” rating and a $125.00 price objective on the stock. The Goldman Sachs Group increased their price target on shares of PACCAR from $93.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of PACCAR from $116.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Finally, TD Cowen boosted their target price on PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.39.

PACCAR Trading Down 0.0 %

Shares of PACCAR stock opened at $124.43 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $109.34 and its 200-day moving average is $96.67. PACCAR Inc has a 12-month low of $67.48 and a 12-month high of $125.50. The stock has a market cap of $65.20 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.92 and a beta of 0.91.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The company had revenue of $8.59 billion for the quarter, compared to analysts’ expectations of $8.48 billion. During the same period in the prior year, the firm earned $1.76 EPS. PACCAR’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts predict that PACCAR Inc will post 8.13 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.87%. PACCAR’s dividend payout ratio (DPR) is currently 12.31%.

Insider Buying and Selling

In other news, CFO Harrie Schippers sold 32,797 shares of PACCAR stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the sale, the chief financial officer now directly owns 103,547 shares in the company, valued at $10,984,265.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now owns 5,726 shares in the company, valued at approximately $607,814.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Harrie Schippers sold 32,797 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the sale, the chief financial officer now owns 103,547 shares of the company’s stock, valued at $10,984,265.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,496 shares of company stock valued at $15,834,812. 2.02% of the stock is owned by company insiders.

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.