Measured Wealth Private Client Group LLC Buys 146 Shares of PACCAR Inc (NASDAQ:PCAR)

Measured Wealth Private Client Group LLC boosted its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,367 shares of the company’s stock after buying an additional 146 shares during the period. Measured Wealth Private Client Group LLC’s holdings in PACCAR were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Applied Capital LLC FL lifted its position in PACCAR by 1.9% during the first quarter. Applied Capital LLC FL now owns 25,080 shares of the company’s stock valued at $3,107,000 after purchasing an additional 458 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in PACCAR by 226.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 574,690 shares of the company’s stock valued at $71,198,000 after purchasing an additional 398,804 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in PACCAR by 3.8% during the first quarter. Miracle Mile Advisors LLC now owns 2,480 shares of the company’s stock valued at $307,000 after purchasing an additional 91 shares in the last quarter. Optas LLC purchased a new position in PACCAR during the first quarter valued at $240,000. Finally, Founders Financial Securities LLC purchased a new position in PACCAR during the first quarter valued at $748,000. Institutional investors own 64.90% of the company’s stock.

Insider Buying and Selling at PACCAR

In related news, VP Brice J. Poplawski sold 2,067 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $109.40, for a total transaction of $226,129.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Brice J. Poplawski sold 2,067 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $109.40, for a total value of $226,129.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael K. Walton sold 9,123 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.11, for a total value of $958,918.53. Following the completion of the transaction, the vice president now directly owns 1,468 shares in the company, valued at approximately $154,301.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,040 shares of company stock valued at $4,779,241. Company insiders own 2.02% of the company’s stock.

PACCAR Stock Performance

NASDAQ:PCAR traded down $0.93 during trading hours on Tuesday, reaching $100.91. The company had a trading volume of 2,708,626 shares, compared to its average volume of 2,538,888. The firm has a market cap of $52.89 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92. PACCAR Inc has a 1-year low of $80.91 and a 1-year high of $125.50. The business’s 50 day moving average price is $107.39 and its 200-day moving average price is $107.81. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.73 and a quick ratio of 2.49.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The firm had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.25 billion. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 earnings per share. Research analysts forecast that PACCAR Inc will post 8.35 EPS for the current year.

PACCAR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. This is an increase from PACCAR’s previous quarterly dividend of $0.27. PACCAR’s dividend payout ratio is currently 12.45%.

Wall Street Analyst Weigh In

PCAR has been the topic of several research analyst reports. Truist Financial lowered their price objective on PACCAR from $121.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday. Citigroup initiated coverage on PACCAR in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $115.00 price objective on the stock. Royal Bank of Canada initiated coverage on PACCAR in a research report on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on PACCAR from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group boosted their target price on PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.92.

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.