PACCAR Inc. (NASDAQ:PCAR) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its stake in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 14.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,526 shares of the company's stock after purchasing an additional 8,785 shares during the period. GHP Investment Advisors Inc.'s holdings in PACCAR were worth $6,867,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in PACCAR by 25.0% in the fourth quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock valued at $1,747,408,000 after acquiring an additional 3,364,650 shares during the last quarter. Geode Capital Management LLC lifted its position in PACCAR by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 12,242,288 shares of the company's stock valued at $1,275,269,000 after buying an additional 362,637 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of PACCAR by 5.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company's stock worth $1,119,997,000 after purchasing an additional 572,231 shares during the period. FMR LLC grew its stake in shares of PACCAR by 1.9% in the fourth quarter. FMR LLC now owns 8,791,660 shares of the company's stock valued at $914,509,000 after buying an additional 167,165 shares in the last quarter. Finally, Northern Trust Corp increased its stake in PACCAR by 8.5% during the fourth quarter. Northern Trust Corp now owns 7,202,358 shares of the company's stock worth $749,189,000 after purchasing an additional 565,967 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Stock Performance

PACCAR stock traded up $2.26 during midday trading on Tuesday, hitting $94.01. 2,342,629 shares of the company's stock were exchanged, compared to its average volume of 2,848,409. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.19 and a current ratio of 2.35. The stock has a market cap of $49.35 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 3.36 and a beta of 0.95. PACCAR Inc. has a 12-month low of $84.65 and a 12-month high of $118.81. The firm's 50 day simple moving average is $92.17 and its 200 day simple moving average is $100.09.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share 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 business had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same quarter last year, the company posted $2.27 EPS. PACCAR's quarterly revenue was down 16.0% on a year-over-year basis. Equities research analysts predict that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.40%. PACCAR's dividend payout ratio (DPR) is 20.00%.

Insider Buying and Selling

In other PACCAR news, Director Pierre R. Breber acquired 5,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $89.78 per share, with a total value of $448,900.00. Following the acquisition, the director now owns 13,015 shares of the company's stock, valued at $1,168,486.70. This trade represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PCAR has been the topic of a number of analyst reports. Melius raised PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. downgraded 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 report on Wednesday, April 30th. UBS Group cut PACCAR from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. Truist Financial cut their target price on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank Of Canada lowered their price target on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $104.59.

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.