Integrated Advisors Network LLC Acquires 14,298 Shares of PACCAR Inc. $PCAR

Integrated Advisors Network LLC lifted its holdings in PACCAR Inc. (NASDAQ:PCAR) by 304.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,993 shares of the company’s stock after acquiring an additional 14,298 shares during the period. Integrated Advisors Network LLC’s holdings in PACCAR were worth $2,194,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PCAR. Ares Financial Consulting LLC bought a new position in PACCAR during the 4th quarter worth $27,000. MCF Advisors LLC lifted its position in shares of PACCAR by 57.5% during the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 92 shares during the period. Steph & Co. acquired a new stake in shares of PACCAR during the 1st quarter worth $29,000. Elyxium Wealth LLC acquired a new stake in shares of PACCAR during the 4th quarter worth $30,000. Finally, Wealth Watch Advisors INC bought a new position in shares of PACCAR in the third quarter worth $32,000. 64.90% of the stock is owned by institutional investors.

PACCAR Price Performance

PCAR stock opened at $124.46 on Wednesday. The company has a market capitalization of $65.50 billion, a P/E ratio of 26.48, a PEG ratio of 1.17 and a beta of 0.97. The company has a fifty day moving average price of $116.27 and a 200-day moving average price of $118.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.91 and a current ratio of 3.11. PACCAR Inc. has a 52-week low of $92.25 and a 52-week high of $131.88.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, hitting the consensus estimate of $1.15. The company had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.44 billion. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. PACCAR’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, equities analysts expect that PACCAR Inc. will post 5.58 EPS for the current year.

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were given a $0.35 dividend. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.1%. PACCAR’s dividend payout ratio is presently 29.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and set a $125.00 price objective (down from $130.00) on shares of PACCAR in a research report on Thursday, April 30th. BNP Paribas Exane assumed coverage on shares of PACCAR in a report on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 target price on the stock. Wells Fargo & Company set a $125.00 target price on shares of PACCAR and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Truist Financial upped their price target on shares of PACCAR from $126.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings downgraded shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $122.45.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.