251 Shares in PACCAR Inc (NASDAQ:PCAR) Acquired by Rise Advisors LLC

Rise Advisors LLC acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 251 shares of the company’s stock, valued at approximately $31,000.

Several other large investors have also recently modified their holdings of PCAR. AdvisorNet Financial Inc raised its stake in shares of PACCAR by 188.5% during the 4th quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in PACCAR during the 4th quarter worth approximately $37,000. ORG Partners LLC grew its position in PACCAR by 6,200.0% during the 4th quarter. ORG Partners LLC now owns 378 shares of the company’s stock worth $37,000 after purchasing an additional 372 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in PACCAR during the 4th quarter worth approximately $39,000. Finally, Mendota Financial Group LLC purchased a new stake in PACCAR during the 4th quarter worth approximately $44,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

NASDAQ PCAR traded down $0.06 during mid-day trading on Thursday, reaching $107.64. 108,900 shares of the stock were exchanged, compared to its average volume of 2,421,396. The business’s 50 day moving average is $109.12 and its 200-day moving average is $107.22. PACCAR Inc has a 1 year low of $76.93 and a 1 year high of $125.50. The company has a market capitalization of $56.42 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.49 and a current ratio of 2.73.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The firm had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same period in the prior year, the firm posted $2.25 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast that PACCAR Inc will post 8.36 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, May 14th. This is a boost from PACCAR’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.11%. PACCAR’s dividend payout ratio is currently 12.45%.

Analyst Ratings Changes

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

Insider Buying and Selling at PACCAR

In other PACCAR news, VP Michael K. Walton sold 9,123 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.11, for a total transaction of $958,918.53. Following the transaction, the vice president now directly owns 1,468 shares of the company’s stock, valued at $154,301.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other PACCAR news, CEO R Preston Feight sold 33,850 shares of the stock in a transaction on Tuesday, May 7th. The shares were 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 directly owns 154,430 shares of the company’s stock, valued at $16,397,377.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michael K. Walton sold 9,123 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.11, for a total transaction of $958,918.53. Following the transaction, the vice president now directly owns 1,468 shares in the company, valued at $154,301.48. The disclosure for this sale can be found here. Insiders have sold a total of 45,040 shares of company stock valued at $4,779,241 over the last ninety days. Corporate insiders own 2.02% of the company’s stock.

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.