First Trust Advisors LP Has $341.97 Million Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

First Trust Advisors LP increased its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,287,538 shares of the company's stock after purchasing an additional 170,653 shares during the period. First Trust Advisors LP owned 0.63% of PACCAR worth $341,970,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PCAR. Meeder Asset Management Inc. raised its position 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 last quarter. Golden State Wealth Management LLC acquired a new stake in PACCAR in the fourth quarter worth about $37,000. Kestra Investment Management LLC bought a new stake in PACCAR during the 4th quarter worth about $37,000. OFI Invest Asset Management acquired a new position in PACCAR during the 4th quarter valued at about $43,000. Finally, Atala Financial Inc bought a new position in shares of PACCAR in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Transactions at PACCAR

In other news, VP Michael K. Walton sold 6,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the sale, the vice president now owns 951 shares of the company's stock, valued at $100,929.63. The trade was a 86.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the transaction, the vice president now directly owns 5,463 shares of the company's stock, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock valued at $18,261,908 over the last three months. Company insiders own 2.02% of the company's stock.

PACCAR Stock Up 3.7 %

PCAR stock traded up $3.32 during mid-day trading on Thursday, hitting $92.40. 1,229,972 shares of the company were exchanged, compared to its average volume of 2,746,694. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. PACCAR Inc has a 1-year low of $85.05 and a 1-year high of $118.81. The firm's 50 day simple moving average is $98.11 and its 200 day simple moving average is $105.50. The firm has a market cap of $48.50 billion, a P/E ratio of 11.69, a P/E/G ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. On average, sell-side analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from PACCAR's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 12th. PACCAR's payout ratio is 16.69%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PCAR shares. Evercore ISI cut their price objective on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. UBS Group lowered PACCAR from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. Truist Financial decreased their price objective on PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Melius Research set a $120.00 target price on PACCAR in a research note on Tuesday, March 18th. Finally, 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 report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $108.59.

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.