2 weeks Ago By ABMN Staff
Federated Hermes Inc. cut its holdings in PACCAR Inc ( NASDAQ:PCAR – Free Report ) by 91.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 1,505 shares of the company’s stock after selling 16,619 shares during the quarter. Federated Hermes Inc.’s holdings in PACCAR were worth $157,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in PACCAR by 221.
8% during the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company’s stock valued at $29,000 after purchasing an additional 193 shares during the last quarter.
Golden State Wealth Management LLC bought a new stake in shares of PACCAR during the fourth quarter valued at approximately $37,000. Kestra Investment Management LLC bought a new stake in shares of PACCAR in the fourth quarter worth about $37,000. OFI Invest Asset Management purchased a new stake in PACCAR during the fourth quarter valued at $43,000.
Finally, Atala Financial Inc purchased a new stake in PACCAR during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.
Insider Transactions at PACCAR In other news, EVP Darrin C. Siver sold 103,671 shares of the company’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 value of $11,565,536.76. Following the transaction, the executive vice president now directly owns 61,005 shares in the company, valued at approximately $6,805,717.
80. This represents a 62.95 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR 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 completion of the sale, the vice president now directly owns 5,463 shares of the company’s stock, valued at $612,129.15. The trade was a 26.
80 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 165,547 shares of company stock worth $18,261,908 in the last 90 days.
Insiders own 2.02% of the company’s stock. Analyst Ratings Changes View Our Latest Research Report on PCAR PACCAR Price Performance Shares of NASDAQ PCAR opened at $88.
17 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 firm’s 50 day simple moving average is $99.
09 and its 200-day simple moving average is $105.76. PACCAR Inc has a 12 month low of $85.
10 and a 12 month high of $118.81. The stock has a market capitalization of $46.
28 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 2.77 and a beta of 0.
96. PACCAR ( NASDAQ:PCAR – Get Free Report ) last announced its earnings results on Tuesday, January 28th. The company reported $1.
66 earnings per share (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%.
Analysts expect that PACCAR Inc will post 7.57 EPS for the current year. PACCAR Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th.
Shareholders of record on Wednesday, February 12th were paid a $0.33 dividend. The ex-dividend date was Wednesday, February 12th.
This is an increase from PACCAR’s previous quarterly dividend of $0.30. This represents a $1.
32 dividend on an annualized basis and a dividend yield of 1.50%. PACCAR’s dividend payout ratio (DPR) is 16.
69%. PACCAR Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding PCAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc ( NASDAQ:PCAR – Free Report ).
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