RWA Wealth Partners LLC Invests $236,000 in PACCAR Inc (NASDAQ:PCAR)

RWA Wealth Partners LLC purchased a new position in PACCAR Inc (NASDAQ:PCAR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,418 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds also recently modified their holdings of the stock. Lord Abbett & CO. LLC bought a new stake in PACCAR during the 3rd quarter valued at $33,668,000. International Assets Investment Management LLC raised its holdings in PACCAR by 8,388.6% during the 4th quarter. International Assets Investment Management LLC now owns 376,132 shares of the company’s stock valued at $36,729,000 after acquiring an additional 371,701 shares during the period. Clarius Group LLC raised its holdings in PACCAR by 52.7% during the 4th quarter. Clarius Group LLC now owns 1,012,755 shares of the company’s stock valued at $98,896,000 after acquiring an additional 349,727 shares during the period. Invesco Ltd. raised its holdings in PACCAR by 9.9% during the 3rd quarter. Invesco Ltd. now owns 3,645,267 shares of the company’s stock valued at $309,921,000 after acquiring an additional 328,347 shares during the period. Finally, Northern Trust Corp raised its holdings in PACCAR by 6.0% during the 3rd quarter. Northern Trust Corp now owns 5,540,803 shares of the company’s stock valued at $471,079,000 after acquiring an additional 316,001 shares during the period. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of NASDAQ:PCAR opened at $111.96 on Friday. The company has a market cap of $58.67 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The company has a 50-day moving average price of $116.58 and a 200-day moving average price of $101.77. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. PACCAR Inc has a 12 month low of $68.40 and a 12 month high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.25 by $0.45. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 earnings per share. As a group, equities analysts anticipate that PACCAR Inc will post 8.21 EPS for the current year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, February 14th. PACCAR’s dividend payout ratio (DPR) is 12.31%.

Insider Activity

In other news, CEO R Preston Feight sold 27,320 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.17, for a total value of $2,818,604.40. Following the completion of the sale, the chief executive officer now directly owns 145,495 shares in the company, valued at approximately $15,010,719.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Mark C. Pigott sold 74,347 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $101.93, for a total value of $7,578,189.71. Following the sale, the chairman now directly owns 4,843,277 shares of the company’s stock, valued at approximately $493,675,224.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Preston Feight sold 27,320 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.17, for a total transaction of $2,818,604.40. Following the transaction, the chief executive officer now directly owns 145,495 shares in the company, valued at $15,010,719.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,293 shares of company stock valued at $14,581,337. Insiders own 2.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PCAR. UBS Group upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and boosted their price target for the company from $104.00 to $136.00 in a research report on Friday, March 15th. The Goldman Sachs Group boosted their price target on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Royal Bank of Canada began coverage on shares of PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price target for the company. Evercore ISI boosted their price target on shares of PACCAR from $94.00 to $101.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Finally, Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $84.00 to $97.00 in a research report on Friday, January 19th. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, PACCAR has an average rating of “Moderate Buy” and a consensus price target of $110.82.

PACCAR Company Profile

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.