PACCAR Inc. (NASDAQ:PCAR) Shares Sold by Archford Capital Strategies LLC

Archford Capital Strategies LLC cut its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 53.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.

Several other institutional investors and hedge funds also recently bought and sold shares of PCAR. PDS Planning Inc increased its stake in PACCAR by 3.7% in the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock worth $292,000 after buying an additional 101 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after buying an additional 107 shares during the last quarter. Claris Advisors LLC MO grew its position in shares of PACCAR by 1.5% in the 4th quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock worth $750,000 after buying an additional 108 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of PACCAR by 33.1% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock worth $45,000 after buying an additional 116 shares during the last quarter. Finally, Norden Group LLC boosted its stake in PACCAR by 3.8% in the 4th quarter. Norden Group LLC now owns 3,251 shares of the company's stock worth $338,000 after purchasing an additional 118 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley cut shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered shares of 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 report on Wednesday, April 30th. Truist Financial cut their price target on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Citigroup boosted their price target on shares of PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and cut their price target for the stock from $108.00 to $78.00 in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PACCAR currently has an average rating of "Hold" and an average price target of $104.59.

Insider Activity

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $89.78 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.02% of the company's stock.

PACCAR Stock Performance

Shares of PCAR stock traded up $0.01 during mid-day trading on Friday, hitting $94.89. The stock had a trading volume of 3,274,031 shares, compared to its average volume of 2,717,629. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The firm has a market cap of $49.81 billion, a PE ratio of 14.38, a PEG ratio of 3.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.35 and a quick ratio of 2.19. The company's 50-day simple moving average is $92.69 and its 200-day simple moving average is $99.62.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.12). The company had revenue of $6.91 billion for 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 quarterly revenue was down 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 earnings per share. Sell-side analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders 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 dividend yield of 1.39%. PACCAR's dividend payout ratio is presently 20.00%.

PACCAR Company 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.