Wolf Group Capital Advisors Makes New Investment in PACCAR Inc. (NASDAQ:PCAR)

Wolf Group Capital Advisors acquired a new stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,036 shares of the company's stock, valued at approximately $1,269,000.

Other hedge funds have also recently added to or reduced their stakes in the company. PDS Planning Inc increased 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 buying an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $88,000 after purchasing an additional 107 shares in the last quarter. Claris Advisors LLC MO grew its position in shares of PACCAR by 1.5% in the fourth quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock valued at $750,000 after purchasing an additional 108 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of PACCAR by 33.1% in the first quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock valued at $45,000 after purchasing an additional 116 shares in the last quarter. Finally, Norden Group LLC grew its position in shares of PACCAR by 3.8% in the fourth quarter. Norden Group LLC now owns 3,251 shares of the company's stock valued at $338,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Price Performance

PACCAR stock traded down $0.38 during midday trading on Thursday, hitting $90.72. 2,702,689 shares of the company's stock were exchanged, compared to its average volume of 2,743,349. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $118.81. The stock has a 50-day moving average price of $92.08 and a two-hundred day moving average price of $100.86. 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 market cap of $47.62 billion, a P/E ratio of 13.75, a PEG ratio of 3.35 and a beta of 0.95.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted 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 20.79% and a net margin of 10.73%. The business had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. PACCAR's quarterly revenue was down 16.0% compared to the same quarter last year. On average, equities research 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 dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is currently 20.00%.

Insiders Place Their Bets

In other news, Director Pierre R. Breber purchased 5,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was 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 directly owns 13,015 shares in the company, valued at approximately $1,168,486.70. This trade represents a 62.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley cut 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. Royal Bank Of Canada reduced their price target on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded PACCAR from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Citigroup reduced their price target on PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group cut PACCAR from a "neutral" rating to a "sell" rating and reduced their price target for the company from $108.00 to $78.00 in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $104.14.

About PACCAR

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.