Wealth Enhancement Advisory Services LLC Raises Position in PACCAR Inc. $PCAR

Wealth Enhancement Advisory Services LLC grew its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 414,847 shares of the company’s stock after acquiring an additional 13,100 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.08% of PACCAR worth $48,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PCAR. Private Wealth Management Group LLC lifted its position in PACCAR by 293.1% during the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares in the last quarter. Wealth Watch Advisors INC bought a new stake in PACCAR during the third quarter valued at about $32,000. AlphaQuest LLC purchased a new stake in PACCAR in the third quarter worth about $38,000. Westside Investment Management Inc. increased its position in PACCAR by 100.0% in the third quarter. Westside Investment Management Inc. now owns 432 shares of the company’s stock worth $42,000 after buying an additional 216 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in shares of PACCAR by 121.4% in the third quarter. Rothschild Investment LLC now owns 828 shares of the company’s stock worth $81,000 after buying an additional 454 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 2,200 shares of PACCAR stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $130.41, for a total value of $286,902.00. Following the sale, the chief financial officer directly owned 903 shares in the company, valued at approximately $117,760.23. The trade was a 70.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kevin D. Baney sold 9,672 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $126.53, for a total transaction of $1,223,798.16. Following the completion of the sale, the executive vice president owned 12,592 shares in the company, valued at approximately $1,593,265.76. The trade was a 43.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 133,105 shares of company stock valued at $16,869,046 in the last ninety days. Corporate insiders own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. JPMorgan Chase & Co. raised their target price on shares of PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Citigroup increased their price objective on shares of PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Zacks Research upgraded shares of PACCAR from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $116.18.

PACCAR Trading Up 2.8%

PCAR stock opened at $114.32 on Tuesday. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $131.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.98 and a quick ratio of 2.79. The company has a market capitalization of $60.16 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 0.93 and a beta of 1.03. The business has a 50 day simple moving average of $122.46 and a two-hundred day simple moving average of $109.93.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter last year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. Research analysts anticipate that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.