PACCAR Inc (NASDAQ:PCAR) Shares Purchased by RMR Wealth Builders

RMR Wealth Builders raised its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,713 shares of the company’s stock after buying an additional 122 shares during the period. RMR Wealth Builders’ holdings in PACCAR were worth $848,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in PACCAR by 25.0% during the fourth quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company’s stock valued at $1,747,408,000 after buying an additional 3,364,650 shares in the last quarter. Geode Capital Management LLC lifted its position in PACCAR by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 12,242,288 shares of the company’s stock valued at $1,275,269,000 after buying an additional 362,637 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in PACCAR by 5.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company’s stock valued at $1,119,997,000 after buying an additional 572,231 shares in the last quarter. FMR LLC lifted its position in PACCAR by 1.9% during the fourth quarter. FMR LLC now owns 8,791,660 shares of the company’s stock valued at $914,509,000 after buying an additional 167,165 shares in the last quarter. Finally, Northern Trust Corp lifted its position in PACCAR by 8.5% during the fourth quarter. Northern Trust Corp now owns 7,202,358 shares of the company’s stock valued at $749,189,000 after buying an additional 565,967 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Trading Down 0.3%

PCAR opened at $93.64 on Friday. The stock has a market capitalization of $49.16 billion, a PE ratio of 11.84, a P/E/G ratio of 2.77 and a beta of 0.95. PACCAR Inc has a 12-month low of $84.65 and a 12-month high of $118.81. The firm’s fifty day moving average price is $91.97 and its 200 day moving average price is $101.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39.

PACCAR (NASDAQ:PCAR) last issued its 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). The business had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The firm’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same period last year, the company posted $2.27 earnings per share. As a group, research analysts expect that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.41%. PACCAR’s dividend payout ratio (DPR) is 20.00%.

Insiders Place Their Bets

In other PACCAR news, Director Pierre R. Breber bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $89.78 per share, with a total value of $448,900.00. Following the completion of the acquisition, the director now owns 13,015 shares of the company’s stock, valued at approximately $1,168,486.70. This trade represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on PCAR shares. JPMorgan Chase & Co. cut shares of PACCAR from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $105.00 to $90.00 in a research report on Wednesday, April 30th. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. Melius Research set a $120.00 target price on shares of PACCAR in a research report on Tuesday, March 18th. Melius raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, UBS Group cut shares of PACCAR from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PACCAR presently has a consensus rating of “Hold” and a consensus price target 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.