Pure Financial Advisors LLC Buys New Shares in PACCAR Inc. (NASDAQ:PCAR)

Pure Financial Advisors LLC purchased a new position in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,137 shares of the company's stock, valued at approximately $1,084,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PDS Planning Inc boosted its stake in PACCAR by 3.7% during 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 lifted its holdings in PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after acquiring an additional 107 shares during the last quarter. Claris Advisors LLC MO lifted its holdings 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 acquiring an additional 108 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of PACCAR by 33.1% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock valued at $45,000 after purchasing an additional 116 shares in the last quarter. Finally, Norden Group LLC grew its stake in shares of 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 during the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Stock Performance

PACCAR stock traded up $0.17 on Monday, reaching $95.06. 2,256,746 shares of the stock were exchanged, compared to its average volume of 2,715,786. The company has a current ratio of 2.35, a quick ratio of 2.19 and a debt-to-equity ratio of 0.55. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $118.81. The firm has a fifty day moving average price of $92.85 and a two-hundred day moving average price of $99.40. The stock has a market cap of $49.90 billion, a PE ratio of 14.40, a PEG ratio of 3.51 and a beta of 0.95.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a return on equity of 20.79% and a net margin of 10.73%. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The company's revenue for the quarter was down 16.0% on a year-over-year basis. Sell-side analysts anticipate that PACCAR Inc. will post 7.57 EPS 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 issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.39%. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

Insider Activity at PACCAR

In related news, Director Pierre R. Breber acquired 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the purchase, the director owned 13,015 shares in the company, valued at approximately $1,168,486.70. The trade was a 62.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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. Citigroup boosted their target price on shares of PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Truist Financial reduced their price objective on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PACCAR has an average rating of "Hold" and an average price target 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.