8,492 Shares in PACCAR Inc (NASDAQ:PCAR) Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC bought a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,492 shares of the company's stock, valued at approximately $827,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its stake in PACCAR by 8.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company's stock valued at $8,916,000 after purchasing an additional 6,494 shares in the last quarter. LPL Financial LLC increased its stake in PACCAR by 6.1% in the fourth quarter. LPL Financial LLC now owns 212,405 shares of the company's stock valued at $22,094,000 after purchasing an additional 12,143 shares in the last quarter. American Century Companies Inc. increased its stake in PACCAR by 15.8% in the fourth quarter. American Century Companies Inc. now owns 631,369 shares of the company's stock valued at $65,675,000 after purchasing an additional 86,215 shares in the last quarter. Natixis Advisors LLC increased its stake in PACCAR by 20.8% in the fourth quarter. Natixis Advisors LLC now owns 1,042,761 shares of the company's stock valued at $108,468,000 after purchasing an additional 179,577 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in PACCAR by 32.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 31,980 shares of the company's stock valued at $3,313,000 after purchasing an additional 7,833 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

Insider Buying and Selling at PACCAR

In related news, Director Pierre R. Breber bought 5,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the purchase, the director now directly owns 13,015 shares in the company, valued at $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.02% of the company's stock.

PACCAR Stock Down 0.9%

PACCAR stock traded down $0.90 during midday trading on Wednesday, hitting $93.88. 1,382,008 shares of the stock were exchanged, compared to its average volume of 2,739,907. PACCAR Inc has a 52-week low of $84.65 and a 52-week high of $118.81. The stock has a market capitalization of $49.28 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 2.77 and a beta of 0.95. The business's 50-day moving average price is $91.80 and its 200-day moving average price is $101.75. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56.

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

PACCAR Announces Dividend

The business also recently announced 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 1.41%. The ex-dividend date of this dividend was Wednesday, May 14th. PACCAR's payout ratio is 20.00%.

Wall Street Analyst Weigh In

PCAR has been the subject of a number of analyst reports. Citigroup reduced 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. Truist Financial reduced their price objective on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Melius Research set a $120.00 price objective on shares of PACCAR in a report on Tuesday, March 18th. Royal Bank of Canada reduced their price objective 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. Finally, Morgan Stanley cut shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PACCAR presently has an average rating of "Hold" and an average target price 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.