Whipplewood Advisors LLC Increases Stock Position in PACCAR Inc (NASDAQ:PCAR)

Whipplewood Advisors LLC boosted its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 16,749.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,648 shares of the company's stock after acquiring an additional 13,567 shares during the quarter. Whipplewood Advisors LLC's holdings in PACCAR were worth $1,329,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. PDS Planning Inc raised its stake in PACCAR by 3.7% during the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company's stock worth $292,000 after acquiring an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 107 shares in the last quarter. Claris Advisors LLC MO lifted its stake in PACCAR by 1.5% in the 4th quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock valued at $750,000 after purchasing an additional 108 shares during the last quarter. Optas LLC boosted its position in PACCAR by 4.4% in the fourth quarter. Optas LLC now owns 2,731 shares of the company's stock valued at $284,000 after buying an additional 116 shares in the last quarter. Finally, Norden Group LLC boosted its position in PACCAR by 3.8% in the fourth quarter. Norden Group LLC now owns 3,251 shares of the company's stock valued at $338,000 after buying an additional 118 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Trading Down 0.2%

PCAR traded down $0.14 during trading on Thursday, hitting $92.45. The company's stock had a trading volume of 2,130,398 shares, compared to its average volume of 2,755,716. The firm has a market capitalization of $48.53 billion, a P/E ratio of 11.69, a PEG ratio of 2.77 and a beta of 0.95. PACCAR Inc has a twelve month low of $84.65 and a twelve month high of $118.81. The stock's fifty day moving average price is $92.04 and its 200-day moving average price is $102.34. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share (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 company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. The firm's revenue was down 16.0% on a year-over-year basis. Analysts anticipate that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is currently 20.00%.

Insiders Place Their Bets

In other news, Director Pierre R. Breber bought 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost of $89.78 per share, with a total value of $448,900.00. Following the completion of the transaction, the director now directly owns 13,015 shares of the company's stock, valued at $1,168,486.70. This trade represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.02% of the company's stock.

Analyst Ratings Changes

PCAR has been the subject of a number of research reports. Truist Financial dropped their price target on PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Melius Research set a $120.00 price target on shares of PACCAR in a research report on Tuesday, March 18th. Citigroup cut their price target on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. UBS Group downgraded PACCAR from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $108.00 to $78.00 in a report on Monday, April 7th. Finally, Morgan Stanley downgraded PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price on the stock. in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus 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.