SG Americas Securities LLC Buys New Shares in PACCAR Inc. (NASDAQ:PCAR)

SG Americas Securities LLC acquired a new position in PACCAR Inc. (NASDAQ:PCAR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,089 shares of the company's stock, valued at approximately $1,469,000.

Several other large investors also recently added to or reduced their stakes in the business. PDS Planning Inc grew its stake in shares of PACCAR by 3.7% in the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock worth $292,000 after buying an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of PACCAR by 14.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after purchasing an additional 107 shares during the last quarter. Claris Advisors LLC MO raised its holdings in PACCAR by 1.5% during the 4th quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock valued at $750,000 after buying an additional 108 shares during the period. Norden Group LLC lifted its position in PACCAR by 3.8% in the fourth quarter. Norden Group LLC now owns 3,251 shares of the company's stock worth $338,000 after buying an additional 118 shares during the last quarter. Finally, Nicolet Advisory Services LLC boosted its stake in PACCAR by 3.7% during the fourth quarter. Nicolet Advisory Services LLC now owns 3,502 shares of the company's stock worth $373,000 after buying an additional 125 shares during the period. 64.90% of the stock is currently owned by institutional investors.

PACCAR Stock Down 0.4%

Shares of NASDAQ PCAR traded down $0.38 during mid-day trading on Thursday, reaching $90.72. 2,702,689 shares of the company were exchanged, compared to its average volume of 2,743,349. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $118.81. The firm has a 50-day moving average of $92.08 and a 200 day moving average of $100.86. The stock has a market cap of $47.62 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 3.37 and a beta of 0.95. The company has a quick ratio of 2.19, a current ratio of 2.35 and a debt-to-equity ratio of 0.55.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.12). PACCAR had a return on equity of 20.79% and a net margin of 10.73%. The firm had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter last year, the firm earned $2.27 EPS. The company's revenue was down 16.0% compared to the same quarter last year. On average, research analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

Insiders Place Their Bets

In related news, Director Pierre R. Breber acquired 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $89.78 per share, with a total value of $448,900.00. Following the transaction, the director now directly owns 13,015 shares of the company's stock, valued at $1,168,486.70. This trade represents a 62.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PCAR shares. Royal Bank Of Canada lowered their target price on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. Melius Research set a $120.00 price objective on shares of PACCAR in a research note on Tuesday, March 18th. UBS Group lowered PACCAR from a "neutral" rating to a "sell" rating and dropped their target price for the company from $108.00 to $78.00 in a research report on Monday, April 7th. Evercore ISI reduced their price target on PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Finally, Truist Financial cut their price objective on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $104.14.

PACCAR 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.