Lifeworks Advisors LLC Purchases 4,482 Shares of PACCAR Inc. (NASDAQ:PCAR)

Lifeworks Advisors LLC lifted its position in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,063 shares of the company's stock after buying an additional 4,482 shares during the quarter. Lifeworks Advisors LLC's holdings in PACCAR were worth $4,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PCAR. Brighton Jones LLC raised its stake in PACCAR by 0.3% during the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock valued at $9,258,000 after purchasing an additional 290 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in PACCAR during the 4th quarter valued at $215,000. American Century Companies Inc. raised its stake in PACCAR by 15.8% during the 4th quarter. American Century Companies Inc. now owns 631,369 shares of the company's stock valued at $65,675,000 after purchasing an additional 86,215 shares during the last quarter. Sei Investments Co. raised its stake in PACCAR by 3.6% during the 4th quarter. Sei Investments Co. now owns 126,268 shares of the company's stock valued at $13,134,000 after purchasing an additional 4,422 shares during the last quarter. Finally, LPL Financial LLC raised its stake in PACCAR by 6.1% during the 4th quarter. LPL Financial LLC now owns 212,405 shares of the company's stock valued at $22,094,000 after purchasing an additional 12,143 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PCAR has been the subject of several research analyst reports. Morgan Stanley cut shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price for the company. in a research note on Wednesday, April 16th. 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 report on Wednesday. Royal Bank Of Canada lowered their price target on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of PACCAR from $95.00 to $97.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, 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 report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $106.45.

Insider Buying and Selling

In other PACCAR news, Director Pierre R. Breber bought 5,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $89.78 per share, with a total value of $448,900.00. Following the purchase, the director owned 13,015 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brice J. Poplawski sold 5,000 shares of the 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 directly owned 468 shares of the company's stock, valued at approximately $47,239.92. The trade was 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.

PACCAR Trading Up 0.1%

PACCAR stock traded up $0.14 during trading hours on Friday, reaching $101.57. 2,983,287 shares of the company's stock traded hands, compared to its average volume of 3,344,924. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.19 and a current ratio of 1.73. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The firm has a market capitalization of $53.32 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 4.03 and a beta of 0.94. The firm's 50 day moving average is $95.03 and its 200-day moving average is $98.35.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating 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 net margin of 9.88% and a return on equity of 18.25%. The company's revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS. On average, analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.33 dividend. The ex-dividend date 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 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.