Northwestern Mutual Wealth Management Co. Makes New $5.44 Million Investment in PACCAR Inc. $PCAR

Key Points

• Northwestern Mutual Wealth Management purchased 45,322 PACCAR shares worth approximately $5.44 million during the second quarter. Institutional investors collectively own 64.9% of the company.
• PACCAR insiders sold 56,842 shares valued at about $7.57 million over the past three months, including sales by the CFO and a vice president.
• PACCAR exceeded quarterly earnings and revenue estimates, reporting $1.43 in EPS and $7.55 billion in revenue. The company declared a $0.35 quarterly dividend, while analysts maintain a consensus “Hold” rating and a $131.70 price target.

Northwestern Mutual Wealth Management Co. purchased a new position in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,322 shares of the company's stock, valued at approximately $5,444,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in PCAR. Ares Financial Consulting LLC purchased a new position in PACCAR during the 4th quarter valued at about $27,000. Paladin Partners LLC bought a new stake in shares of PACCAR in the 2nd quarter valued at about $27,000. MCF Advisors LLC raised its holdings in shares of PACCAR by 57.5% in the 4th quarter. MCF Advisors LLC now owns 252 shares of the company's stock valued at $28,000 after purchasing an additional 92 shares in the last quarter. Steph & Co. purchased a new stake in shares of PACCAR in the 1st quarter worth approximately $29,000. Finally, Elyxium Wealth LLC bought a new position in shares of PACCAR during the fourth quarter valued at approximately $30,000. 64.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other PACCAR news, VP William Lance Walters sold 1,000 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $133.50, for a total value of $133,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brice J. Poplawski sold 1,970 shares of the company's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $132.50, for a total transaction of $261,025.00. Following the completion of the sale, the chief financial officer directly owned 1,391 shares of the company's stock, valued at $184,307.50. This represents a 58.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 56,842 shares of company stock worth $7,565,677. 1.99% of the stock is currently owned by corporate insiders.

PACCAR Stock Performance

Shares of NASDAQ PCAR opened at $131.03 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12. PACCAR Inc. has a 1 year low of $92.25 and a 1 year high of $139.24. The company's fifty day moving average price is $126.48 and its 200 day moving average price is $121.88. The company has a market capitalization of $68.97 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.07. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The firm had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same quarter last year, the firm posted $1.37 EPS. The business's revenue was up .5% on a year-over-year basis. On average, research analysts predict that PACCAR Inc. will post 5.89 earnings per share for the current year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 12th. PACCAR's dividend payout ratio is currently 29.41%.

Wall Street Analyst Weigh In

PCAR has been the subject of a number of analyst reports. Sanford C. Bernstein restated an "outperform" rating and set a $148.00 target price on shares of PACCAR in a report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of PACCAR in a report on Tuesday, August 18th. Evercore set a $139.00 target price on shares of PACCAR in a report on Monday, May 11th. Morgan Stanley set a $119.00 price target on PACCAR in a research report on Wednesday, July 29th. Finally, Truist Financial upped their price objective on shares of PACCAR from $126.00 to $131.00 and gave the company a "hold" rating in a report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $131.70.

PACCAR Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company's products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR's core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

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