Johnson Financial Group Inc. Purchases 19,791 Shares of PACCAR Inc (NASDAQ:PCAR)

Johnson Financial Group Inc. increased its position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 145.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,417 shares of the company's stock after acquiring an additional 19,791 shares during the period. Johnson Financial Group Inc.'s holdings in PACCAR were worth $3,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Madrona Financial Services LLC increased its holdings in PACCAR by 1.1% during the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after acquiring an additional 91 shares during the period. Global Financial Private Client LLC increased its holdings in shares of PACCAR by 1.0% in the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock worth $1,011,000 after buying an additional 97 shares during the last quarter. PDS Planning Inc increased its holdings in shares of PACCAR by 3.7% in the 4th 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. Valley National Advisers Inc. increased its holdings in shares of PACCAR by 0.6% in the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock worth $1,982,000 after buying an additional 106 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after buying an additional 107 shares during the last quarter. Institutional investors own 64.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Bank of America raised shares of PACCAR from a "neutral" rating to a "buy" rating and increased their price target for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Truist Financial reduced their target price on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Melius Research set a $120.00 target price on shares of PACCAR in a report on Tuesday, March 18th. Citigroup reduced their target price on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $105.00 to $90.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $107.23.

PACCAR Trading Down 0.2 %

Shares of NASDAQ:PCAR traded down $0.16 on Thursday, hitting $90.05. The company had a trading volume of 1,070,683 shares, compared to its average volume of 2,754,041. The firm's 50-day simple moving average is $96.64 and its two-hundred day simple moving average is $105.06. PACCAR Inc has a 1 year low of $84.65 and a 1 year high of $118.81. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $47.27 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 2.77 and a beta of 0.96.

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 23.53% and a net margin of 12.36%. The company had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The company's revenue for the quarter was down 16.0% on a year-over-year basis. 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 declared 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 dividend on an annualized basis and a yield of 1.47%. PACCAR's dividend payout ratio (DPR) is currently 16.69%.

Insider Activity at PACCAR

In related news, CEO R Preston Feight sold 25,200 shares of PACCAR stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the completion of the transaction, the chief executive officer now directly owns 206,129 shares of the company's stock, valued at $22,876,196.42. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total transaction of $636,780.00. Following the transaction, the vice president now directly owns 951 shares of the company's stock, valued at approximately $100,929.63. This trade represents a 86.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock valued at $18,261,908 in the last three months. Company insiders own 2.02% of the company's stock.

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.