Vest Financial LLC Acquires 45,142 Shares of PACCAR Inc (NASDAQ:PCAR)

Vest Financial LLC grew its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 14.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 353,498 shares of the company's stock after acquiring an additional 45,142 shares during the quarter. Vest Financial LLC owned about 0.07% of PACCAR worth $34,420,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PCAR. PDS Planning Inc raised its position in PACCAR by 3.7% in the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company's stock worth $292,000 after acquiring an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of PACCAR by 14.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after purchasing an additional 107 shares in the last quarter. Claris Advisors LLC MO grew its holdings in shares of PACCAR by 1.5% during 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 in the last quarter. Norden Group LLC increased its position in 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. Finally, Nicolet Advisory Services LLC increased its holdings in PACCAR by 3.7% in the fourth quarter. Nicolet Advisory Services LLC now owns 3,502 shares of the company's stock worth $373,000 after buying an additional 125 shares during the last quarter. Institutional investors own 64.90% of the company's stock.

PACCAR Stock Up 1.0%

Shares of NASDAQ:PCAR traded up $0.93 during midday trading on Monday, reaching $94.43. 1,988,679 shares of the company were exchanged, compared to its average volume of 2,747,489. The stock has a fifty day simple moving average of $91.84 and a two-hundred day simple moving average of $101.95. PACCAR Inc has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The firm has a market cap of $49.57 billion, a PE ratio of 11.94, a P/E/G ratio of 2.77 and a beta of 0.95. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56.

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

PACCAR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Wednesday, May 14th. PACCAR's dividend payout ratio is currently 20.00%.

Insider Buying and Selling

In other news, Director Pierre R. Breber purchased 5,000 shares of PACCAR stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the purchase, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PCAR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $105.00 to $90.00 in a research report on Wednesday, April 30th. UBS Group cut PACCAR from a "neutral" rating to a "sell" rating and cut their price objective for the company from $108.00 to $78.00 in a report on Monday, April 7th. Morgan Stanley lowered PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price for the company. in a research note on Wednesday, April 16th. Melius upgraded PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Evercore ISI dropped their price target on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.