LM Advisors LLC Invests $1.02 Million in PACCAR Inc (NASDAQ:PCAR)

LM Advisors LLC purchased a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,549 shares of the company's stock, valued at approximately $1,022,000.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of PACCAR by 49.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company's stock valued at $346,878,000 after purchasing an additional 1,164,692 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of PACCAR by 4.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 40,218 shares of the company's stock worth $4,183,000 after buying an additional 1,800 shares in the last quarter. Brighton Jones LLC lifted its stake in PACCAR by 0.3% in 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 in the last quarter. Fifth Third Bancorp grew its holdings in PACCAR by 0.4% in the 4th quarter. Fifth Third Bancorp now owns 45,818 shares of the company's stock valued at $4,766,000 after buying an additional 175 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in PACCAR by 31.0% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,762 shares of the company's stock worth $703,000 after purchasing an additional 1,602 shares during the period. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Trading Up 0.3%

Shares of PACCAR stock traded up $0.24 during trading hours on Thursday, reaching $94.29. 1,598,133 shares of the company's stock were exchanged, compared to its average volume of 2,766,355. The firm has a market capitalization of $49.50 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 52-week low of $84.65 and a 52-week high of $118.81. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $92.56 and a 200-day moving average of $103.10.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The business had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.13 billion. During the same period last year, the company posted $2.27 earnings per share. The firm's revenue for the quarter was down 16.0% on a year-over-year basis. Sell-side analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

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 given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, May 14th. PACCAR's payout ratio is 20.00%.

Insider Activity

In other news, Director Pierre R. Breber purchased 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the acquisition, the director now owns 13,015 shares of the company's stock, valued at $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.02% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Melius Research set a $120.00 target price on PACCAR in a research note on Tuesday, March 18th. UBS Group downgraded PACCAR from a "neutral" rating to a "sell" rating and reduced their target price for the company from $108.00 to $78.00 in a report on Monday, April 7th. Royal Bank of Canada dropped their price objective on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut shares of PACCAR from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $105.00 to $90.00 in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $104.14.

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.