Woodline Partners LP Buys Shares of 31,486 PACCAR Inc (NASDAQ:PCAR)

Woodline Partners LP bought a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,486 shares of the company's stock, valued at approximately $3,275,000.

Several other institutional investors have also recently bought and sold shares of the company. PDS Planning Inc lifted its stake in PACCAR by 3.7% in the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after acquiring an additional 101 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of PACCAR by 0.6% during the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock worth $1,982,000 after purchasing an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of PACCAR by 14.4% during the 4th 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 raised its stake 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 worth $750,000 after purchasing an additional 108 shares in the last quarter. Finally, BSW Wealth Partners raised its stake in shares of PACCAR by 2.5% during the 4th quarter. BSW Wealth Partners now owns 4,663 shares of the company's stock worth $485,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 64.90% of the company's stock.

PACCAR Price Performance

Shares of PCAR traded up $1.73 during trading hours on Tuesday, hitting $94.97. 2,967,401 shares of the company were exchanged, compared to its average volume of 2,774,878. 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 Inc has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The company has a market cap of $49.86 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 2.77 and a beta of 0.96. The firm's fifty day moving average is $92.62 and its 200 day moving average is $103.16.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share 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 the consensus estimate of $7.13 billion. During the same quarter in the prior year, the company earned $2.27 earnings per share. PACCAR's quarterly revenue was down 16.0% compared to the same quarter last year. On average, equities analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.39%. PACCAR's dividend payout ratio is currently 20.00%.

Insider Buying and Selling

In other PACCAR news, Director Pierre R. Breber acquired 5,000 shares of the company's 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 transaction, the director now directly owns 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 is available through this link. 2.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PCAR shares. Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Citigroup decreased their price objective on PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. 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 report on Thursday, May 8th. Finally, UBS Group lowered 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 report on Monday, April 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, PACCAR presently 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.