AMJ Financial Wealth Management Acquires New Stake in PACCAR Inc. $PCAR

AMJ Financial Wealth Management acquired a new stake in shares of PACCAR Inc. (NASDAQ:PCAR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 47,495 shares of the company’s stock, valued at approximately $5,201,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PCAR. Ares Financial Consulting LLC bought a new stake in shares of PACCAR in the 4th quarter worth $27,000. Wealth Watch Advisors INC bought a new stake in shares of PACCAR in the 3rd quarter worth $32,000. Camelot Portfolios LLC bought a new stake in shares of PACCAR in the 4th quarter worth $33,000. AlphaQuest LLC bought a new stake in shares of PACCAR in the 3rd quarter worth $38,000. Finally, True Wealth Design LLC increased 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 in the last quarter. Institutional investors own 64.90% of the company’s stock.

Analyst Ratings Changes

PCAR has been the subject of a number of research analyst reports. Weiss Ratings raised PACCAR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. BNP Paribas Exane initiated coverage on PACCAR in a report on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 target price for the company. Truist Financial lifted their target price on PACCAR from $120.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Wells Fargo & Company set a $125.00 target price on PACCAR and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, PACCAR has a consensus rating of “Hold” and a consensus price target of $122.00.

PACCAR Stock Performance

Shares of PCAR opened at $110.32 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91. PACCAR Inc. has a one year low of $90.05 and a one year high of $131.88. The firm has a market capitalization of $58.06 billion, a P/E ratio of 23.47, a PEG ratio of 1.05 and a beta of 1.02. The business has a fifty day moving average of $118.77 and a 200 day moving average of $115.36.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, hitting the consensus estimate of $1.15. The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.44 billion. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.PACCAR’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. As a group, sell-side analysts anticipate that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.3%. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. PACCAR’s dividend payout ratio (DPR) is presently 29.79%.

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.