Cwm LLC Sells 4,638 Shares of PACCAR Inc. (NASDAQ:PCAR)

Cwm LLC cut its position in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,029 shares of the company's stock after selling 4,638 shares during the period. Cwm LLC's holdings in PACCAR were worth $24,151,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PCAR. E Fund Management Hong Kong Co. Ltd. lifted its position in PACCAR by 666.7% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock worth $27,000 after buying an additional 240 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after acquiring an additional 193 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of PACCAR during the first quarter worth approximately $29,000. Sunbelt Securities Inc. lifted its position in shares of PACCAR by 8,750.0% during the fourth quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after purchasing an additional 350 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of PACCAR by 64.9% during the first quarter. JFS Wealth Advisors LLC now owns 442 shares of the company's stock valued at $43,000 after purchasing an additional 174 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

PACCAR Stock Down 2.0%

PACCAR stock opened at $97.21 on Monday. The firm has a market capitalization of $51.03 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 3.59 and a beta of 0.94. The company's 50 day simple moving average is $94.21 and its 200 day simple moving average is $98.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.35 and a quick ratio of 2.19. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly 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). 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 period in the prior year, the business earned $2.27 earnings per share. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.32 annualized dividend and a yield of 1.36%. PACCAR's dividend payout ratio is presently 20.00%.

Insider Transactions at PACCAR

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the acquisition, the director directly owned 13,015 shares of the company's stock, valued at $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.02% of the company's stock.

Analysts Set New Price Targets

PCAR has been the topic of several research reports. Melius raised PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. UBS Group lowered PACCAR from a "neutral" rating to a "sell" rating and cut their price target for the company from $108.00 to $78.00 in a research note on Monday, April 7th. JPMorgan Chase & Co. cut PACCAR from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $105.00 to $90.00 in a report on Wednesday, April 30th. Evercore ISI dropped their price objective on PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Finally, Wall Street Zen lowered shares of PACCAR from a "hold" rating to a "sell" rating in a research note on Sunday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $104.59.

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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