PACCAR Inc (NASDAQ:PCAR) Shares Sold by McIlrath & Eck LLC

McIlrath & Eck LLC trimmed its position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,346 shares of the company's stock after selling 2,718 shares during the quarter. McIlrath & Eck LLC's holdings in PACCAR were worth $2,636,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PCAR. Madrona Financial Services LLC lifted its stake in PACCAR by 1.1% in the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after purchasing an additional 91 shares in the last quarter. PDS Planning Inc grew its holdings in PACCAR by 3.7% in the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after buying an additional 101 shares in the last quarter. Valley National Advisers Inc. grew its holdings in PACCAR by 0.6% in the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after buying an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of PACCAR by 14.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after acquiring an additional 107 shares during the period. Finally, Claris Advisors LLC MO raised its holdings in shares of PACCAR by 1.5% during the 4th quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock worth $750,000 after acquiring an additional 108 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Pierre R. Breber bought 5,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $89.78 per share, with a total value of $448,900.00. Following the completion of the acquisition, the director now owns 13,015 shares in the company, valued at approximately $1,168,486.70. This trade represents a 62.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.02% of the stock is owned by insiders.

PACCAR Stock Performance

Shares of PACCAR stock traded down $1.09 during trading on Friday, reaching $93.24. The company's stock had a trading volume of 2,249,642 shares, compared to its average volume of 2,772,844. The company has a 50-day moving average price of $92.82 and a two-hundred day moving average price of $103.52. 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 cap of $48.95 billion, a PE ratio of 11.79, a P/E/G ratio of 2.77 and a beta of 0.96. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.36% and a return on equity of 23.53%. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. On average, analysts forecast that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.42%. PACCAR's payout ratio is 20.00%.

Analyst Ratings Changes

PCAR has been the subject of several analyst reports. JPMorgan Chase & Co. cut shares of PACCAR from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $105.00 to $90.00 in a research note on Wednesday, April 30th. Evercore ISI reduced their price target on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday. UBS Group cut PACCAR from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $108.00 to $78.00 in a research note on Monday, April 7th. Truist Financial decreased their price target 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. Finally, Morgan Stanley cut 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, PACCAR presently has an average rating of "Hold" and a consensus target price of $104.14.

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.