Stack Financial Management Inc Purchases Shares of 211,408 PACCAR Inc. (NASDAQ:PCAR)

Stack Financial Management Inc bought a new position in PACCAR Inc. (NASDAQ:PCAR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 211,408 shares of the company's stock, valued at approximately $20,585,000. PACCAR accounts for about 1.7% of Stack Financial Management Inc's investment portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors also recently bought and sold shares of the stock. 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 during the last quarter. EverSource Wealth Advisors LLC boosted its stake in PACCAR by 14.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after buying an additional 107 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in PACCAR by 33.1% during the first quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock valued at $45,000 after buying an additional 116 shares during the last quarter. RMR Wealth Builders boosted its stake in PACCAR by 1.4% during the first quarter. RMR Wealth Builders now owns 8,713 shares of the company's stock valued at $848,000 after buying an additional 122 shares during the last quarter. Finally, Applied Capital LLC FL boosted its stake in PACCAR by 0.5% during the first quarter. Applied Capital LLC FL now owns 25,210 shares of the company's stock valued at $2,455,000 after buying an additional 124 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

Insider Activity

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 shares were purchased at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the purchase, the director directly owned 13,015 shares in the company, valued at $1,168,486.70. This represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.02% of the company's stock.

PACCAR Stock Down 0.4%

NASDAQ PCAR traded down $0.37 on Friday, reaching $93.68. 3,659,379 shares of the stock traded hands, compared to its average volume of 2,844,075. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.19 and a current ratio of 2.35. The company has a fifty day moving average price of $94.65 and a 200-day moving average price of $98.65. The company has a market cap of $49.18 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 3.52 and a beta of 0.94. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced 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 company had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. The company's revenue was down 16.0% compared to the same quarter last year. As a group, research analysts forecast that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.41%. PACCAR's dividend payout ratio is presently 20.00%.

Wall Street Analyst Weigh In

PCAR has been the topic of a number of recent research reports. Royal Bank Of Canada decreased their price objective on PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Evercore ISI decreased their price objective on PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Truist Financial decreased their price objective on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. downgraded PACCAR from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $105.00 to $90.00 in a research report on Wednesday, April 30th. Finally, UBS Group downgraded PACCAR from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $108.00 to $78.00 in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $104.59.

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.