PACCAR Inc (NASDAQ:PCAR) Shares Sold by GTS Securities LLC

GTS Securities LLC lessened its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 89.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,945 shares of the company's stock after selling 16,468 shares during the period. GTS Securities LLC's holdings in PACCAR were worth $202,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PCAR. PDS Planning Inc increased its position in shares of PACCAR by 3.7% in the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after purchasing an additional 101 shares during the last quarter. Valley National Advisers Inc. increased its holdings in PACCAR by 0.6% in the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after buying an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in PACCAR by 14.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after buying an additional 107 shares in the last quarter. Claris Advisors LLC MO boosted its position in shares of PACCAR by 1.5% during the 4th quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock worth $750,000 after acquiring an additional 108 shares in the last quarter. Finally, Optas LLC increased its holdings in shares of PACCAR by 4.4% in the 4th quarter. Optas LLC now owns 2,731 shares of the company's stock valued at $284,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Transactions at PACCAR

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the firm's stock in a transaction that occurred 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. This represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.02% of the company's stock.

PACCAR Stock Performance

PCAR stock traded up $1.10 during trading on Tuesday, hitting $92.87. The company had a trading volume of 1,111,516 shares, compared to its average volume of 2,755,926. The firm has a 50-day moving average price of $92.22 and a 200-day moving average price of $102.46. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The firm has a market cap of $48.75 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 1-year low of $84.65 and a 1-year high of $118.81.

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

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.42%. PACCAR's payout ratio is currently 20.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PCAR shares. JPMorgan Chase & Co. cut PACCAR from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $105.00 to $90.00 in a research note on Wednesday, April 30th. Truist Financial cut their price objective on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Melius Research set a $120.00 target price on shares of PACCAR in a report on Tuesday, March 18th. 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. Finally, Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, PACCAR presently has an average rating of "Hold" and a consensus price target of $104.14.

About PACCAR

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.