CW Advisors LLC Purchases Shares of 29,389 PACCAR Inc. $PCAR

CW Advisors LLC purchased a new position in PACCAR Inc. (NASDAQ:PCAR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 29,389 shares of the company’s stock, valued at approximately $2,794,000.

A number of other large investors have also made changes to their positions in PCAR. Hazlett Burt & Watson Inc. lifted its stake in shares of PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after buying an additional 100 shares during the period. Bayforest Capital Ltd lifted its position in shares of PACCAR by 234.2% in the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock worth $38,000 after acquiring an additional 274 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of PACCAR by 43.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $42,000 after purchasing an additional 134 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of PACCAR during the second quarter valued at approximately $43,000. Finally, Quarry LP acquired a new position in shares of PACCAR in the first quarter valued at $62,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of PACCAR from $97.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Raymond James Financial reaffirmed a “market perform” rating on shares of PACCAR in a report on Tuesday, October 21st. JPMorgan Chase & Co. upped their target price on shares of PACCAR from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company began coverage on shares of PACCAR in a research report on Thursday, November 13th. They issued a “positive” rating and a $106.00 price target for the company. Finally, Weiss Ratings downgraded PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $107.96.

PACCAR Price Performance

NASDAQ:PCAR opened at $110.33 on Friday. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.56. The firm has a market cap of $57.95 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 15.09 and a beta of 1.01. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $117.00. The company’s 50-day moving average price is $99.32 and its two-hundred day moving average price is $97.78.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The firm had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.23 billion. During the same period in the previous year, the business posted $1.85 EPS. The business’s quarterly revenue was down 20.7% on a year-over-year basis. On average, equities analysts anticipate that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th were given a $0.33 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.32 annualized dividend and a yield of 1.2%. PACCAR’s payout ratio is presently 25.83%.

Insider Buying and Selling

In other news, CFO Brice J. Poplawski sold 3,369 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $101.15, for a total transaction of $340,774.35. Following the sale, the chief financial officer owned 468 shares in the company, valued at approximately $47,338.20. This represents a 87.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.