PACCAR Inc. (NASDAQ:PCAR) Stock Position Lowered by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. reduced its position in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 22.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,587 shares of the company's stock after selling 3,112 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in PACCAR were worth $1,031,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in PACCAR during the fourth quarter worth $526,922,000. Kovitz Investment Group Partners LLC boosted its stake in shares of PACCAR by 370.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,359,095 shares of the company's stock worth $557,453,000 after acquiring an additional 4,219,964 shares in the last quarter. Wellington Management Group LLP boosted 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 worth $1,747,408,000 after acquiring an additional 3,364,650 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of PACCAR by 9.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 11,754,939 shares of the company's stock worth $1,144,578,000 after acquiring an additional 987,805 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in PACCAR by 10,716.5% in the first quarter. GAMMA Investing LLC now owns 879,056 shares of the company's stock valued at $85,594,000 after purchasing an additional 870,929 shares during the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other PACCAR news, Director Pierre R. Breber acquired 5,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the acquisition, the director directly owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brice J. Poplawski sold 5,000 shares of PACCAR stock in a transaction that occurred on 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 owned 468 shares in the company, valued at $47,239.92. This represents a 91.44% 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 analysts have weighed in on the company. Truist Financial lowered their target price on PACCAR from $102.00 to $98.00 and set a "hold" rating on the stock in a report on Wednesday. Wall Street Zen lowered PACCAR from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Citigroup increased their price objective on PACCAR from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Morgan Stanley lowered PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective on the stock. in a research note on Wednesday, April 16th. Finally, UBS Group raised PACCAR from a "sell" rating to a "neutral" rating and increased their price objective for the company from $81.00 to $100.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $106.45.

PACCAR Trading Up 0.1%

Shares of PACCAR stock traded up $0.14 during trading hours on Friday, reaching $101.57. The stock had a trading volume of 2,983,287 shares, compared to its average volume of 2,940,354. The firm has a 50 day simple moving average of $94.94 and a two-hundred day simple moving average of $98.40. The firm has a market capitalization of $53.32 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 3.83 and a beta of 0.94. The company has a current ratio of 1.73, a quick ratio of 2.19 and a debt-to-equity ratio of 0.55. 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 quarterly earnings data on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.09. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.02 billion. PACCAR had a return on equity of 18.25% and a net margin of 9.88%. The company's quarterly revenue was down 15.7% compared to the same quarter last year. During the same period last year, the business posted $2.13 EPS. As a group, equities research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.30%. PACCAR's dividend payout ratio (DPR) is 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.