NorthRock Partners LLC Makes New $565,000 Investment in PACCAR Inc (NASDAQ:PCAR)

NorthRock Partners LLC acquired a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,430 shares of the company's stock, valued at approximately $565,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Madrona Financial Services LLC raised its holdings in PACCAR by 1.1% in the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock valued at $837,000 after acquiring an additional 91 shares in the last quarter. PDS Planning Inc raised its stake in shares of PACCAR by 3.7% in the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after purchasing an additional 101 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of PACCAR by 0.6% in the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after purchasing an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in PACCAR by 14.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after purchasing an additional 107 shares during the period. Finally, Claris Advisors LLC MO boosted its stake in PACCAR by 1.5% during the fourth quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock worth $750,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Transactions at PACCAR

In related news, Director Pierre R. Breber bought 5,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the transaction, the director now owns 13,015 shares of the company's stock, valued at $1,168,486.70. This represents a 62.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PCAR shares. Royal Bank of Canada lowered their price target on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and decreased their target price for the company from $108.00 to $78.00 in a research report on Monday, April 7th. Citigroup dropped their price target on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Melius Research set a $120.00 price objective on PACCAR in a report on Tuesday, March 18th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, PACCAR has a consensus rating of "Hold" and an average price target of $104.14.

PACCAR Trading Up 0.0%

NASDAQ:PCAR traded up $0.02 on Thursday, hitting $94.35. 439,459 shares of the stock were exchanged, compared to its average volume of 2,769,136. 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 52 week low of $84.65 and a 52 week high of $118.81. The stock has a market capitalization of $49.53 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 2.77 and a beta of 0.96. The company's 50-day moving average price is $93.09 and its 200 day moving average price is $103.70.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates 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 period last year, the firm earned $2.27 earnings per share. The company's quarterly revenue was down 16.0% on a year-over-year basis. On average, equities research analysts forecast that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is currently 20.00%.

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.