Archford Capital Strategies LLC Sells 9,372 Shares of PACCAR Inc. (NASDAQ:PCAR)

Archford Capital Strategies LLC trimmed its position in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 53.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,046 shares of the company's stock after selling 9,372 shares during the period. Archford Capital Strategies LLC's holdings in PACCAR were worth $783,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. PDS Planning Inc increased its holdings in shares of PACCAR by 3.7% in the fourth 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. EverSource Wealth Advisors LLC increased its holdings in shares of PACCAR by 14.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after buying an additional 107 shares in the last quarter. Claris Advisors LLC MO increased its holdings in shares of PACCAR by 1.5% in the fourth quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock valued at $750,000 after buying an additional 108 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of PACCAR by 33.1% in the first quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock valued at $45,000 after buying an additional 116 shares in the last quarter. Finally, Norden Group LLC increased its holdings in shares of 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 Stock Up 0.0%

Shares of NASDAQ PCAR traded up $0.01 during mid-day trading on Friday, reaching $94.89. The company had a trading volume of 3,274,031 shares, compared to its average volume of 2,717,629. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $118.81. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.19 and a current ratio of 2.35. The stock has a market capitalization of $49.81 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.51 and a beta of 0.95. The stock's 50 day moving average is $92.69 and its 200-day moving average is $99.53.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). The company had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a return on equity of 20.79% and a net margin of 10.73%. The company'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. As a group, equities analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, May 14th. PACCAR's dividend payout ratio is presently 20.00%.

Insider Buying and Selling

In other news, Director Pierre R. Breber purchased 5,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the acquisition, the director now directly owns 13,015 shares of the company's stock, valued at approximately $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Melius Research set a $120.00 price target on PACCAR in a report on Tuesday, March 18th. Citigroup upped their price target on PACCAR from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, June 24th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Royal Bank Of Canada cut their target price on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Finally, Truist Financial cut their target price on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $104.59.

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.