PACCAR Inc (NASDAQ:PCAR) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,047,657 shares of the company's stock after purchasing an additional 23,538 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of PACCAR worth $102,010,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its position in shares of PACCAR by 221.8% in the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock valued at $29,000 after purchasing an additional 193 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of PACCAR in the 4th quarter valued at about $37,000. Sunbelt Securities Inc. boosted its position in shares of PACCAR by 8,750.0% in the 4th quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock valued at $37,000 after purchasing an additional 350 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of PACCAR in the 4th quarter valued at about $37,000. Finally, Atala Financial Inc acquired a new stake in shares of PACCAR in the 4th quarter valued at about $43,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PCAR has been the subject of a number of recent research reports. Melius Research set a $120.00 price objective on PACCAR in a research report on Tuesday, March 18th. Evercore ISI decreased their price objective on PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Citigroup decreased their price objective on PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley cut PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a research report on Wednesday, April 16th. Finally, Truist Financial decreased their price objective on PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $104.14.

Insider Transactions at PACCAR

In other PACCAR news, Director Pierre R. Breber bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the purchase, the director now owns 13,015 shares of the company's stock, valued at $1,168,486.70. This trade represents a 62.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.02% of the company's stock.

PACCAR Price Performance

PCAR traded down $0.16 during trading on Thursday, reaching $92.43. 2,130,886 shares of the stock were exchanged, compared to its average volume of 2,752,224. The business's 50 day moving average price is $91.94 and its two-hundred day moving average price is $102.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The company has a market capitalization of $48.52 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 2.77 and a beta of 0.95. PACCAR Inc has a 1 year low of $84.65 and a 1 year high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). The firm had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The firm's revenue for the quarter was down 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 earnings per share. As a group, equities research analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

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