PACCAR Inc. $PCAR Shares Sold by Nwam LLC

Nwam LLC trimmed its holdings in PACCAR Inc. (NASDAQ:PCAR) by 16.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,878 shares of the company’s stock after selling 7,349 shares during the period. Nwam LLC’s holdings in PACCAR were worth $4,148,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Ares Financial Consulting LLC purchased a new position in shares of PACCAR in the 4th quarter worth about $27,000. Wealth Watch Advisors INC purchased a new position in shares of PACCAR in the 3rd quarter worth about $32,000. Camelot Portfolios LLC purchased a new position in shares of PACCAR in the 4th quarter worth about $33,000. AlphaQuest LLC purchased a new position in shares of PACCAR in the 3rd quarter worth about $38,000. Finally, True Wealth Design LLC raised its holdings in shares of PACCAR by 61.1% in the 4th quarter. True Wealth Design LLC now owns 364 shares of the company’s stock worth $40,000 after purchasing an additional 138 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Price Performance

PCAR stock opened at $114.31 on Friday. The company has a quick ratio of 2.91, a current ratio of 3.11 and a debt-to-equity ratio of 0.52. PACCAR Inc. has a 52-week low of $90.05 and a 52-week high of $131.88. The stock’s 50 day moving average is $120.18 and its two-hundred day moving average is $114.92. The company has a market capitalization of $60.16 billion, a PE ratio of 24.32, a P/E/G ratio of 1.06 and a beta of 1.02.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The company had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the previous year, the business earned $1.46 EPS. PACCAR’s revenue for the quarter was down 9.8% compared to the same quarter last year. Analysts predict that PACCAR Inc. will post 5.6 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.40 annualized dividend and a yield of 1.2%. This is a boost from PACCAR’s previous quarterly dividend of $0.33. PACCAR’s dividend payout ratio (DPR) is presently 28.09%.

Insider Transactions at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 2,200 shares of PACCAR stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $130.41, for a total transaction of $286,902.00. Following the sale, the chief financial officer directly owned 903 shares in the company, valued at $117,760.23. The trade was a 70.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on PCAR shares. Wells Fargo & Company set a $125.00 price objective on PACCAR and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded PACCAR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Sanford C. Bernstein restated an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Morgan Stanley set a $109.00 price objective on PACCAR and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on PACCAR from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, PACCAR has an average rating of “Hold” and an average target price of $119.73.

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.