15,089 Shares in PACCAR Inc (NASDAQ:PCAR) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in PACCAR Inc (NASDAQ:PCAR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,089 shares of the company's stock, valued at approximately $1,469,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in shares of PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock valued at $29,000 after acquiring an additional 193 shares in the last quarter. Kestra Investment Management LLC bought a new position in PACCAR in the 4th quarter valued at $37,000. Sunbelt Securities Inc. grew its stake in PACCAR by 8,750.0% in the 4th quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock valued at $37,000 after purchasing an additional 350 shares during the period. OFI Invest Asset Management purchased a new stake in shares of PACCAR during the 4th quarter valued at $43,000. Finally, Atala Financial Inc bought a new stake in shares of PACCAR during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Activity

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the transaction, the director now owns 13,015 shares in the company, valued at $1,168,486.70. The trade was a 62.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

PCAR has been the subject of a number of research analyst reports. Citigroup decreased their price objective on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $105.00 to $90.00 in a research note on Wednesday, April 30th. Evercore ISI dropped their price objective on PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Melius Research set a $120.00 target price on PACCAR in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $104.14.

PACCAR Stock Down 1.9%

Shares of NASDAQ PCAR opened at $91.88 on Monday. PACCAR Inc has a 52 week low of $84.65 and a 52 week high of $118.81. The business has a 50-day simple moving average of $92.08 and a two-hundred day simple moving average of $101.17. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The company has a market cap of $48.23 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.77 and a beta of 0.95.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The firm had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The company's quarterly revenue was down 16.0% compared to the same quarter last year. Research analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, May 14th. PACCAR's payout ratio is 20.00%.

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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