PACCAR Inc (NASDAQ:PCAR) Shares Bought by Signet Financial Management LLC

Signet Financial Management LLC grew its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 113.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,956 shares of the company's stock after purchasing an additional 7,961 shares during the quarter. Signet Financial Management LLC's holdings in PACCAR were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PDS Planning Inc raised its stake in shares of PACCAR by 3.7% during the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after buying an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 107 shares during the last quarter. Claris Advisors LLC MO increased its position 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 period. Norden Group LLC lifted its holdings in shares of PACCAR by 3.8% in the 4th quarter. Norden Group LLC now owns 3,251 shares of the company's stock valued at $338,000 after buying an additional 118 shares during the period. Finally, Nicolet Advisory Services LLC boosted its position in shares of PACCAR by 3.7% in the 4th quarter. Nicolet Advisory Services LLC now owns 3,502 shares of the company's stock worth $373,000 after buying an additional 125 shares in the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PACCAR

In related news, Director Pierre R. Breber acquired 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $89.78 per share, with a total value of $448,900.00. Following the completion of the transaction, the director now owns 13,015 shares in the company, valued at $1,168,486.70. This represents a 62.38% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.02% of the company's stock.

PACCAR Stock Performance

Shares of PCAR traded down $0.68 during mid-day trading on Thursday, hitting $93.20. 396,530 shares of the company traded hands, compared to its average volume of 2,730,994. The stock has a 50-day moving average price of $91.86 and a two-hundred day moving average price of $101.70. The stock has a market cap of $48.93 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 2.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. 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 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.12). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. The company had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.13 billion. During the same period in the previous year, the business posted $2.27 earnings per share. The business's revenue was down 16.0% on a year-over-year basis. Equities analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Wednesday, May 14th. PACCAR's payout ratio is 20.00%.

Analysts Set New Price Targets

A number of research analysts have commented on PCAR shares. Truist Financial reduced their price objective on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI cut their target price on PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. UBS Group cut PACCAR from a "neutral" rating to a "sell" rating and decreased their target price for the company from $108.00 to $78.00 in a research note on Monday, April 7th. Citigroup dropped their target price on PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Melius Research set a $120.00 target price on shares of PACCAR in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $104.14.

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.