Integrated Advisors Network LLC Takes Position in PACCAR Inc (NASDAQ:PCAR)

Integrated Advisors Network LLC purchased a new stake in PACCAR Inc (NASDAQ:PCAR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,300 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds also recently made changes to their positions in the stock. Northern Trust Corp grew its position in shares of PACCAR by 6.0% in the third quarter. Northern Trust Corp now owns 5,540,803 shares of the company’s stock valued at $471,079,000 after purchasing an additional 316,001 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of PACCAR by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 4,916,582 shares of the company’s stock valued at $480,104,000 after purchasing an additional 89,984 shares in the last quarter. Norges Bank purchased a new position in shares of PACCAR in the fourth quarter valued at $448,288,000. Charles Schwab Investment Management Inc. grew its position in shares of PACCAR by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,967,614 shares of the company’s stock valued at $289,788,000 after purchasing an additional 54,273 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of PACCAR by 0.9% in the fourth quarter. First Trust Advisors LP now owns 2,750,136 shares of the company’s stock valued at $268,551,000 after purchasing an additional 23,394 shares in the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PACCAR

In other PACCAR news, VP Brice J. Poplawski sold 2,067 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $109.40, for a total transaction of $226,129.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PACCAR news, CEO R Preston Feight sold 33,850 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $106.18, for a total transaction of $3,594,193.00. Following the transaction, the chief executive officer now owns 154,430 shares in the company, valued at approximately $16,397,377.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brice J. Poplawski sold 2,067 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $109.40, for a total value of $226,129.80. The disclosure for this sale can be found here. Insiders sold 45,040 shares of company stock valued at $4,779,241 in the last 90 days. Insiders own 2.02% of the company’s stock.

PACCAR Trading Down 0.0 %

NASDAQ PCAR opened at $107.70 on Thursday. PACCAR Inc has a 1-year low of $76.88 and a 1-year high of $125.50. The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $109.12 and a 200-day moving average of $107.22. The firm has a market cap of $56.45 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.65 and a beta of 0.94.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, April 30th. The company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The company had revenue of $8.24 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the previous year, the company posted $2.25 EPS. PACCAR’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that PACCAR Inc will post 8.36 EPS for the current year.

PACCAR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.30 per share. This is a positive change from PACCAR’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.11%. PACCAR’s dividend payout ratio is presently 12.45%.

Wall Street Analysts Forecast Growth

PCAR has been the subject of several recent analyst reports. Truist Financial restated a “hold” rating and set a $121.00 target price (up from $117.00) on shares of PACCAR in a research report on Thursday, May 2nd. UBS Group upgraded PACCAR from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. The Goldman Sachs Group boosted their target price on PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Royal Bank of Canada initiated coverage on PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on PACCAR from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PACCAR has an average rating of “Moderate Buy” and a consensus target price of $112.62.

PACCAR Company 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.