Integrated Advisors Network LLC Sells 2,772 Shares of PACCAR Inc (NASDAQ:PCAR)

Integrated Advisors Network LLC decreased its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,541 shares of the company's stock after selling 2,772 shares during the period. Integrated Advisors Network LLC's holdings in PACCAR were worth $1,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of PACCAR by 25.0% during the 4th quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock valued at $1,747,408,000 after purchasing an additional 3,364,650 shares during the period. Geode Capital Management LLC boosted its holdings in shares of PACCAR by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 12,242,288 shares of the company's stock worth $1,275,269,000 after buying an additional 362,637 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in PACCAR by 5.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company's stock valued at $1,119,997,000 after buying an additional 572,231 shares during the period. FMR LLC increased its holdings in PACCAR by 1.9% during 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 during the last quarter. Finally, Northern Trust Corp raised its position in PACCAR by 8.5% in the fourth quarter. Northern Trust Corp now owns 7,202,358 shares of the company's stock worth $749,189,000 after acquiring an additional 565,967 shares during the period. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insiders Place Their Bets

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of PACCAR stock in a transaction dated 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 acquisition, the director now owns 13,015 shares in the company, valued at $1,168,486.70. This represents a 62.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PCAR has been the subject of a number of recent research reports. Morgan Stanley downgraded shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a research report on Wednesday, April 16th. Citigroup cut their price target on PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Truist Financial decreased their price objective on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Melius Research set a $120.00 price objective on PACCAR in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $105.00 to $90.00 in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $104.14.

PACCAR Price Performance

NASDAQ PCAR traded up $0.24 on Thursday, reaching $94.29. The company had a trading volume of 1,598,133 shares, compared to its average volume of 2,766,355. The firm's 50 day moving average price is $92.56 and its 200 day moving average price is $103.10. PACCAR Inc has a 12 month low of $84.65 and a 12 month high of $118.81. The stock has a market capitalization of $49.50 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted 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). The firm had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. PACCAR's quarterly revenue was down 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 earnings per share. As a group, equities analysts predict that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is 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 presently 20.00%.

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.