Founders Financial Securities LLC Purchases Shares of 6,034 PACCAR Inc (NASDAQ:PCAR)

Founders Financial Securities LLC acquired a new position in PACCAR Inc (NASDAQ:PCAR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,034 shares of the company’s stock, valued at approximately $748,000.

A number of other large investors also recently modified their holdings of the stock. AdvisorNet Financial Inc raised its position in PACCAR by 188.5% in the 4th quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after buying an additional 181 shares during the last quarter. Riverview Trust Co bought a new position in shares of PACCAR during the first quarter valued at about $29,000. Rise Advisors LLC purchased a new position in PACCAR during the first quarter worth about $31,000. Bruce G. Allen Investments LLC bought a new stake in PACCAR in the 4th quarter worth about $37,000. Finally, ORG Partners LLC increased its stake in PACCAR by 6,200.0% in the 4th quarter. ORG Partners LLC now owns 378 shares of the company’s stock valued at $37,000 after buying an additional 372 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Insider Activity

In other PACCAR news, VP Michael K. Walton sold 9,123 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.11, for a total value of $958,918.53. Following the completion of the sale, the vice president now directly owns 1,468 shares in the company, valued at $154,301.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO R Preston Feight sold 33,850 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $106.18, for a total value of $3,594,193.00. Following the sale, the chief executive officer now directly owns 154,430 shares of the company’s stock, valued at approximately $16,397,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael K. Walton sold 9,123 shares of PACCAR stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.11, for a total transaction of $958,918.53. Following the transaction, the vice president now directly owns 1,468 shares of the company’s stock, valued at $154,301.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,040 shares of company stock valued at $4,779,241. Corporate insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered PACCAR from a “buy” rating to a “hold” rating in a report on Thursday. The Goldman Sachs Group boosted their price target on shares of PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Truist Financial restated a “hold” rating and set a $121.00 price objective (up previously from $117.00) on shares of PACCAR in a report on Thursday, May 2nd. UBS Group upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and boosted their target price for the company from $104.00 to $136.00 in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. decreased their price objective on PACCAR from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, PACCAR currently has a consensus rating of “Hold” and a consensus price target of $114.38.

PACCAR Trading Down 1.0 %

Shares of NASDAQ PCAR traded down $1.03 during trading hours on Friday, hitting $102.94. The company’s stock had a trading volume of 11,403,453 shares, compared to its average volume of 2,603,300. The business has a 50-day simple moving average of $107.60 and a 200-day simple moving average of $107.70. The stock has a market cap of $53.96 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 1.57 and a beta of 0.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.49 and a current ratio of 2.73. PACCAR Inc has a 12 month low of $80.64 and a 12 month high of $125.50.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, April 30th. The company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The firm had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that PACCAR Inc will post 8.35 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.17%. This is a boost from PACCAR’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, May 14th. PACCAR’s dividend payout ratio (DPR) is currently 12.45%.

PACCAR 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.