Mather Group LLC. Has $503,000 Stake in PACCAR Inc (NASDAQ:PCAR)

Mather Group LLC. increased its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 47.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,891 shares of the company’s stock after acquiring an additional 1,564 shares during the period. Mather Group LLC.’s holdings in PACCAR were worth $503,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PCAR. PSI Advisors LLC acquired a new position in shares of PACCAR during the 1st quarter valued at about $25,000. YHB Investment Advisors Inc. acquired a new position in shares of PACCAR during the 1st quarter valued at about $27,000. New Covenant Trust Company N.A. acquired a new position in shares of PACCAR during the 1st quarter valued at about $27,000. Riverview Trust Co acquired a new position in shares of PACCAR during the 1st quarter valued at about $29,000. Finally, Rise Advisors LLC acquired a new position in shares of PACCAR during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PCAR. Raymond James began coverage on PACCAR in a report on Friday, June 28th. They issued a “market perform” rating on the stock. The Goldman Sachs Group raised their target price on PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lowered their target price on PACCAR from $121.00 to $109.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Truist Financial lowered their target price on PACCAR from $115.00 to $107.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lowered their target price on PACCAR from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $114.27.

Insider Buying and Selling

In other PACCAR news, VP Brice J. Poplawski sold 2,067 shares of PACCAR stock in a transaction on Friday, May 10th. The stock was sold at an average price of $109.40, for a total value of $226,129.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PACCAR news, CEO R Preston Feight sold 27,834 shares of PACCAR stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $98.70, for a total value of $2,747,215.80. Following the completion of the transaction, the chief executive officer now owns 162,782 shares in the company, valued at approximately $16,066,583.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brice J. Poplawski sold 2,067 shares of PACCAR stock in a transaction on Friday, May 10th. The shares were sold at an average price of $109.40, for a total value of $226,129.80. The disclosure for this sale can be found here. 2.02% of the stock is owned by corporate insiders.

PACCAR Price Performance

Shares of PACCAR stock traded up $0.35 during midday trading on Tuesday, hitting $92.28. 3,282,006 shares of the company were exchanged, compared to its average volume of 2,673,631. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.78 and a quick ratio of 1.43. The firm has a market cap of $48.37 billion, a P/E ratio of 9.71, a PEG ratio of 1.49 and a beta of 0.92. PACCAR Inc has a 52 week low of $80.94 and a 52 week high of $125.50. The firm has a 50 day simple moving average of $103.92 and a 200-day simple moving average of $108.79.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, July 23rd. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.01). The company had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $8.30 billion. PACCAR had a return on equity of 29.87% and a net margin of 14.07%. PACCAR’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.33 EPS. Research analysts forecast that PACCAR Inc will post 8.11 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.30%. PACCAR’s dividend payout ratio (DPR) is presently 12.45%.

About PACCAR

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.