Integrated Advisors Network LLC Sells 4,093 Shares of PACCAR Inc. (NASDAQ:PCAR)

Integrated Advisors Network LLC decreased its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 38.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,448 shares of the company's stock after selling 4,093 shares during the period. Integrated Advisors Network LLC's holdings in PACCAR were worth $628,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in shares of PACCAR by 221.8% during the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock valued at $29,000 after purchasing an additional 193 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of PACCAR in the 4th quarter worth about $37,000. Sunbelt Securities Inc. increased its stake in shares of PACCAR by 8,750.0% in the 4th quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after acquiring an additional 350 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of PACCAR in the 4th quarter worth about $43,000. Finally, Atala Financial Inc bought a new position in shares of PACCAR in the 4th quarter worth about $43,000. Hedge funds and other institutional investors 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 PACCAR stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the transaction, the director now owns 13,015 shares of the company's stock, valued at approximately $1,168,486.70. This trade represents a 62.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.02% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $108.00 to $78.00 in a research note on Monday, April 7th. Melius Research set a $120.00 price objective on shares of PACCAR in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $105.00 to $90.00 in a research note on Wednesday, April 30th. Finally, 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 research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, PACCAR has a consensus rating of "Hold" and a consensus price target of $104.14.

PACCAR Stock Performance

NASDAQ PCAR traded down $1.60 on Tuesday, reaching $91.10. 2,494,821 shares of the stock were exchanged, compared to its average volume of 2,739,441. PACCAR Inc. has a one year low of $84.65 and a one year high of $118.81. The firm has a market capitalization of $47.82 billion, a PE ratio of 13.80, a PEG ratio of 3.43 and a beta of 0.95. The company's 50-day simple moving average is $92.15 and its two-hundred day simple moving average is $100.93. The company has a current ratio of 2.35, a quick ratio of 2.19 and a debt-to-equity ratio of 0.55.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.46 EPS 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 quarter in the previous year, the business posted $2.27 EPS. PACCAR's revenue was down 16.0% on a year-over-year basis. Analysts expect that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

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.