GW Henssler & Associates Ltd. Invests $309,000 in PACCAR Inc. $PCAR

Key Points

• GW Henssler & Associates Ltd. made a new investment in PACCAR Inc. worth approximately $309,000 by acquiring 3,170 shares during the first quarter.
• PACCAR reported earnings of $1.37 per share, exceeding analysts' expectations, despite a 15.7% year-over-year decline in quarterly revenue.
• The company declared a quarterly dividend of $0.33, with a dividend yield of 1.3%, scheduled for payment on September 4th.

GW Henssler & Associates Ltd. bought a new position in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,170 shares of the company's stock, valued at approximately $309,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PCAR. Brighton Jones LLC boosted its stake in PACCAR by 0.3% during the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock worth $9,258,000 after purchasing an additional 290 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of PACCAR by 82.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 28,159 shares of the company's stock valued at $2,929,000 after acquiring an additional 12,711 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in shares of PACCAR by 30.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 4,977 shares of the company's stock valued at $520,000 after acquiring an additional 1,172 shares during the last quarter. Baker Avenue Asset Management LP acquired a new position in shares of PACCAR during the 4th quarter valued at about $238,000. Finally, Captrust Financial Advisors boosted its position in shares of PACCAR by 3.2% during the 4th quarter. Captrust Financial Advisors now owns 54,003 shares of the company's stock valued at $5,617,000 after acquiring an additional 1,673 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Stock Up 0.9%

PCAR traded up $0.84 on Friday, reaching $99.05. The company's stock had a trading volume of 2,084,012 shares, compared to its average volume of 1,990,258. The company has a market capitalization of $52.01 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 3.94 and a beta of 0.94. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The stock has a 50 day moving average of $98.25 and a two-hundred day moving average of $96.38. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.57.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The company's revenue was down 15.7% compared to the same quarter last year. As a group, analysts forecast that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a $0.33 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.3%. PACCAR's dividend payout ratio (DPR) is currently 22.60%.

Insiders Place Their Bets

In other PACCAR news, CFO Brice J. Poplawski sold 5,000 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $100.94, for a total value of $504,700.00. Following the sale, the chief financial officer directly owned 468 shares of the company's stock, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R Preston Feight sold 39,965 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.52, for a total value of $3,977,316.80. Following the completion of the sale, the chief executive officer directly owned 223,190 shares in the company, valued at approximately $22,211,868.80. The trade was a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PCAR shares. Truist Financial lowered their price target on shares of PACCAR from $102.00 to $98.00 and set a "hold" rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of PACCAR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. UBS Group raised shares of PACCAR from a "sell" rating to a "neutral" rating and boosted their price target for the company from $81.00 to $100.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of PACCAR from $95.00 to $97.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Citigroup boosted their price objective on shares of PACCAR from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $107.68.

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.