Alliance Wealth Strategies LLC d b a Brown Edwards Wealth Strategies Buys Shares of 17,364 PACCAR Inc. $PCAR

Key Points

• Alliance Wealth Strategies LLC (d/b/a Brown Edwards Wealth Strategies) bought a new stake of 17,364 shares of PACCAR (NASDAQ:PCAR) in Q4, valued at about $1.90 million and representing roughly 1.8% of the firm's portfolio (its 20th-largest holding).
• Corporate insiders have been net sellers recently: CEO R. Preston Feight sold 9,258 shares and CFO Brice J. Poplawski sold 2,200, with insiders disposing of 111,664 shares (~$14.24 million) over the last three months, leaving insiders owning about 1.99% of the stock.
• PACCAR raised its quarterly dividend to $0.35 per share (annualized $1.40, ~1.2% yield; ex-dividend May 13, payment June 3), and its most recent quarter showed EPS of $1.15 (in line with estimates) and revenue of $6.78 billion (above consensus but down 9.8% year-over-year).

Alliance Wealth Strategies LLC d b a Brown Edwards Wealth Strategies purchased a new stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,364 shares of the company's stock, valued at approximately $1,902,000. PACCAR makes up approximately 1.8% of Alliance Wealth Strategies LLC d b a Brown Edwards Wealth Strategies' investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors also recently modified their holdings of PCAR. Brighton Jones LLC lifted its holdings in shares of PACCAR by 0.3% in the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock valued at $9,258,000 after purchasing an additional 290 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of PACCAR by 15.4% in the first quarter. Focus Partners Wealth now owns 13,604 shares of the company's stock valued at $1,324,000 after purchasing an additional 1,812 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of PACCAR by 2.3% in the second quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company's stock valued at $22,886,000 after purchasing an additional 5,327 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of PACCAR by 11.5% in the second quarter. Ieq Capital LLC now owns 37,404 shares of the company's stock valued at $3,556,000 after purchasing an additional 3,858 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of PACCAR in the second quarter valued at about $81,000. 64.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO R Preston Feight sold 9,258 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $129.70, for a total value of $1,200,762.60. Following the transaction, the chief executive officer owned 258,566 shares of the company's stock, valued at approximately $33,536,010.20. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brice J. Poplawski sold 2,200 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $130.41, for a total value of $286,902.00. Following the completion of the transaction, the chief financial officer directly owned 903 shares in the company, valued at $117,760.23. The trade was a 70.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 111,664 shares of company stock worth $14,244,394 in the last three months. 1.99% of the stock is owned by corporate insiders.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $116.09 on Friday. The business's 50 day moving average price is $120.92 and its two-hundred day moving average price is $114.37. The company has a market cap of $61.09 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02. The company has a quick ratio of 2.79, a current ratio of 3.11 and a debt-to-equity ratio of 0.52. PACCAR Inc. has a twelve month low of $88.35 and a twelve month high of $131.88.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, hitting analysts' consensus estimates of $1.15. The firm had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.44 billion. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The business's revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 earnings per share. On average, analysts predict that PACCAR Inc. will post 5.6 EPS for the current year.

PACCAR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. This is a boost from PACCAR's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 13th. PACCAR's dividend payout ratio (DPR) is presently 28.09%.

Analyst Upgrades and Downgrades

PCAR has been the topic of a number of research reports. Wells Fargo & Company set a $125.00 price target on PACCAR and gave the company an "equal weight" rating in a report on Wednesday. Sanford C. Bernstein reiterated an "outperform" rating on shares of PACCAR in a report on Tuesday, February 24th. BNP Paribas Exane began coverage on PACCAR in a report on Tuesday, March 31st. They set a "neutral" rating and a $126.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on PACCAR from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Truist Financial upped their target price on PACCAR from $120.00 to $126.00 and gave the stock a "hold" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $117.83.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company's products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR's core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

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