Nilsine Partners LLC Grows Stock Position in PACCAR Inc. (NASDAQ:PCAR)

Nilsine Partners LLC lifted its stake 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 and Exchange Commission. The firm owned 36,494 shares of the company's stock after buying an additional 4,558 shares during the period. Nilsine Partners LLC's holdings in PACCAR were worth $3,553,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PCAR. Meeder Asset Management Inc. increased its holdings in shares of PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after buying an additional 193 shares during the period. Kestra Investment Management LLC purchased a new position in PACCAR during the 4th quarter valued at about $37,000. Sunbelt Securities Inc. increased its holdings in PACCAR by 8,750.0% during the 4th quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock valued at $37,000 after purchasing an additional 350 shares during the period. OFI Invest Asset Management purchased a new position in PACCAR during the 4th quarter valued at about $43,000. Finally, Atala Financial Inc purchased a new position in PACCAR during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 64.90% of the company's stock.

PACCAR Stock Performance

Shares of PCAR opened at $90.99 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.35 and a debt-to-equity ratio of 0.55. The business's 50 day moving average price is $92.13 and its 200-day moving average price is $100.51. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $118.81. The stock has a market cap of $47.77 billion, a P/E ratio of 13.79, a P/E/G ratio of 3.35 and a beta of 0.95.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share (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 the consensus estimate of $7.13 billion. PACCAR had a net margin of 10.73% and a return on equity of 20.79%. The business's revenue was down 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.27 earnings per share. Equities research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were given a $0.33 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $1.32 annualized dividend and a yield of 1.45%. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PCAR shares. Melius upgraded PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Melius Research set a $120.00 price target on PACCAR in a report on Tuesday, March 18th. Truist Financial reduced their price target on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen upgraded PACCAR from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Finally, UBS Group downgraded PACCAR from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $108.00 to $78.00 in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $104.14.

Insider Activity at PACCAR

In related news, Director Pierre R. Breber bought 5,000 shares of the firm's stock in a transaction on 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 purchase, the director now owns 13,015 shares in the company, valued at approximately $1,168,486.70. This represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.02% of the stock is currently owned by insiders.

About PACCAR

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.

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