PACCAR Inc. (NASDAQ:PCAR) Shares Purchased by Nilsine Partners LLC

Nilsine Partners LLC increased its position in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,494 shares of the company's stock after purchasing an additional 4,558 shares during the quarter. Nilsine Partners LLC's holdings in PACCAR were worth $3,553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. ORG Partners LLC boosted its position in PACCAR by 66.8% during the 1st quarter. ORG Partners LLC now owns 639 shares of the company's stock valued at $63,000 after acquiring an additional 256 shares in the last quarter. Norris Perne & French LLP MI grew its position in shares of PACCAR by 32.2% during the 1st quarter. Norris Perne & French LLP MI now owns 289,874 shares of the company's stock valued at $28,225,000 after acquiring an additional 70,572 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in PACCAR by 13.9% in the 1st quarter. Premier Path Wealth Partners LLC now owns 3,526 shares of the company's stock worth $343,000 after buying an additional 429 shares during the last quarter. Steel Grove Capital Advisors LLC boosted its holdings in shares of PACCAR by 2.8% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 15,936 shares of the company's stock worth $1,552,000 after purchasing an additional 437 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC raised its position in shares of PACCAR by 1.1% during the 1st quarter. Kiley Juergens Wealth Management LLC now owns 28,916 shares of the company's stock valued at $2,816,000 after buying an additional 313 shares during the period. Institutional investors own 64.90% of the company's stock.

Insider Activity at PACCAR

In related news, Director Pierre R. Breber bought 5,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $89.78 per share, for a total transaction of $448,900.00. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.02% of the stock is currently owned by company insiders.

PACCAR Price Performance

Shares of PCAR traded up $2.26 during mid-day trading on Tuesday, hitting $94.01. The company's stock had a trading volume of 2,344,363 shares, compared to its average volume of 2,743,627. The company has a current ratio of 2.35, a quick ratio of 2.19 and a debt-to-equity ratio of 0.55. The firm has a 50-day simple moving average of $92.17 and a 200 day simple moving average of $100.09. The firm has a market capitalization of $49.35 billion, a P/E ratio of 12.92, a P/E/G ratio of 3.39 and a beta of 0.95. 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 posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.12). The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a net margin of 10.73% and a return on equity of 20.79%. The firm's quarterly revenue was down 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 earnings per share. Analysts predict that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.40%. The ex-dividend date was Wednesday, May 14th. PACCAR's payout ratio is currently 20.00%.

Analyst Ratings Changes

A number of analysts have issued reports on PCAR shares. JPMorgan Chase & Co. lowered PACCAR from an "overweight" rating to a "neutral" rating and cut their target price for the company from $105.00 to $90.00 in a research report on Wednesday, April 30th. Melius Research set a $120.00 target price on PACCAR in a research note on Tuesday, March 18th. Morgan Stanley downgraded 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. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Wall Street Zen upgraded shares of PACCAR from a "sell" rating to a "hold" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $104.59.

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.