Wealth Enhancement Advisory Services LLC Buys 4,519 Shares of PACCAR Inc. (NASDAQ:PCAR)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 388,557 shares of the company's stock after purchasing an additional 4,519 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.07% of PACCAR worth $37,834,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. boosted its holdings in shares of PACCAR by 221.8% during the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after acquiring an additional 193 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of PACCAR by 8,750.0% during the fourth quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after acquiring an additional 350 shares during the period. Kestra Investment Management LLC bought a new stake in shares of PACCAR during the fourth quarter worth approximately $37,000. Atala Financial Inc bought a new stake in shares of PACCAR during the fourth quarter worth approximately $43,000. Finally, OFI Invest Asset Management bought a new stake in shares of PACCAR during the fourth quarter worth approximately $43,000. Institutional investors own 64.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PCAR shares. UBS Group cut PACCAR from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $108.00 to $78.00 in a report on Monday, April 7th. Evercore ISI reduced their price objective on PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Melius Research set a $120.00 price target on shares of PACCAR in a research report on Tuesday, March 18th. JPMorgan Chase & Co. downgraded shares of PACCAR from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $105.00 to $90.00 in a research report on Wednesday, April 30th. Finally, Morgan Stanley downgraded shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target for the company. in a research report on Wednesday, April 16th. One 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $104.14.

Insider Buying and Selling at PACCAR

In related news, Director Pierre R. Breber bought 5,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $89.78 per share, with a total value of $448,900.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.02% of the company's stock.

PACCAR Price Performance

PCAR traded up $0.27 during trading on Friday, hitting $90.99. 6,535,618 shares of the stock traded hands, compared to its average volume of 2,752,879. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $118.81. The company has a market cap of $47.77 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.36 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.35 and a quick ratio of 2.19. The business has a 50 day moving average price of $92.13 and a 200 day moving average price of $100.38.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.73% and a return on equity of 20.79%. The firm 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 earnings per share. The firm's revenue for the quarter was down 16.0% on a year-over-year basis. Equities research analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

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 dividend of $0.33 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.32 annualized dividend and a yield of 1.45%. PACCAR's dividend payout ratio is currently 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.