Mcdaniel Terry & Co. Has $39.11 Million Position in PACCAR Inc. (NASDAQ:PCAR)

Mcdaniel Terry & Co. decreased its position in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 401,703 shares of the company's stock after selling 2,731 shares during the quarter. PACCAR comprises 3.4% of Mcdaniel Terry & Co.'s investment portfolio, making the stock its 8th largest holding. Mcdaniel Terry & Co. owned 0.08% of PACCAR worth $39,114,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in PACCAR by 25.0% during the fourth quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock worth $1,747,408,000 after purchasing an additional 3,364,650 shares during the period. Geode Capital Management LLC boosted its holdings in PACCAR by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 12,242,288 shares of the company's stock valued at $1,275,269,000 after acquiring an additional 362,637 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in PACCAR by 5.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company's stock valued at $1,119,997,000 after purchasing an additional 572,231 shares during the period. FMR LLC boosted its stake in PACCAR by 1.9% during the 4th quarter. FMR LLC now owns 8,791,660 shares of the company's stock valued at $914,509,000 after purchasing an additional 167,165 shares during the period. Finally, Northern Trust Corp boosted its stake in PACCAR by 8.5% during the 4th quarter. Northern Trust Corp now owns 7,202,358 shares of the company's stock valued at $749,189,000 after purchasing an additional 565,967 shares during the period. 64.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PCAR shares. Melius raised PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Truist Financial reduced 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. Melius Research set a $120.00 target price on shares of PACCAR in a research note on Tuesday, March 18th. Wall Street Zen upgraded shares of PACCAR from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Citigroup raised their price objective on PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PACCAR presently has an average rating of "Hold" and an average target price of $104.59.

Insider Buying and Selling

In other news, Director Pierre R. Breber bought 5,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price 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 in the company, valued at $1,168,486.70. The trade was a 62.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Price Performance

PCAR traded up $0.01 during trading on Friday, hitting $94.89. The company's stock had a trading volume of 3,274,031 shares, compared to its average volume of 2,752,373. The firm's 50 day moving average price is $92.69 and its two-hundred day moving average price is $99.73. The company has a quick ratio of 2.19, a current ratio of 2.35 and a debt-to-equity ratio of 0.55. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81. The stock has a market capitalization of $49.81 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 3.51 and a beta of 0.95.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly 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 10.73% and a return on equity of 20.79%. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The business's quarterly revenue was down 16.0% compared to the same quarter last year. Sell-side analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

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

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.