Rise Advisors LLC acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR – Free Report) 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 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.
Read Our Latest Stock Analysis on PACCAR
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.
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