PACCAR Inc. (NASDAQ:PCAR) Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its holdings in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 14.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,118 shares of the company's stock after selling 2,996 shares during the period. Sowell Financial Services LLC's holdings in PACCAR were worth $1,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PCAR. Brighton Jones LLC grew its holdings in PACCAR by 0.3% in the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock valued at $9,258,000 after purchasing an additional 290 shares during the last quarter. Principal Securities Inc. increased its holdings in PACCAR by 10.9% during the 4th quarter. Principal Securities Inc. now owns 8,918 shares of the company's stock valued at $928,000 after acquiring an additional 873 shares in the last quarter. CIBC Asset Management Inc raised its position in PACCAR by 10.7% during the fourth quarter. CIBC Asset Management Inc now owns 180,027 shares of the company's stock worth $18,726,000 after acquiring an additional 17,444 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of PACCAR by 12.3% during the 4th quarter. Venturi Wealth Management LLC now owns 6,479 shares of the company's stock worth $674,000 after purchasing an additional 712 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of PACCAR in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 64.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PCAR. Royal Bank Of Canada reduced their price target on PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Evercore ISI decreased their price target on PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. JPMorgan Chase & Co. cut PACCAR from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $105.00 to $90.00 in a report on Wednesday, April 30th. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Morgan Stanley downgraded shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price for the company. in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $104.14.

PACCAR Trading Down 0.4%

Shares of PCAR stock traded down $0.38 during mid-day trading on Thursday, reaching $90.72. The company's stock had a trading volume of 2,702,689 shares, compared to its average volume of 2,743,349. The company's 50 day simple moving average is $92.08 and its 200-day simple moving average is $100.86. 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 firm has a market capitalization of $47.62 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 3.35 and a beta of 0.95.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued 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 company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. On average, research analysts predict that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.46%. The ex-dividend date was Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is 20.00%.

Insider Activity

In other PACCAR news, Director Pierre R. Breber bought 5,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were 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. The trade was a 62.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.02% of the company's stock.

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.