Wetzel Investment Advisors Inc. Takes Position in PACCAR Inc (NASDAQ:PCAR)

Wetzel Investment Advisors Inc. acquired a new stake in shares of PACCAR Inc (NASDAQ:PCAR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,359 shares of the company’s stock, valued at approximately $133,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prudential PLC acquired a new stake in shares of PACCAR during the first quarter worth $763,000. Vanguard Group Inc. lifted its stake in shares of PACCAR by 2.0% during the first quarter. Vanguard Group Inc. now owns 36,485,080 shares of the company’s stock worth $3,213,241,000 after buying an additional 698,784 shares during the period. Candriam Luxembourg S.C.A. lifted its stake in shares of PACCAR by 66.0% during the first quarter. Candriam Luxembourg S.C.A. now owns 68,657 shares of the company’s stock worth $6,046,000 after buying an additional 27,300 shares during the period. Covestor Ltd raised its holdings in shares of PACCAR by 73.6% during the first quarter. Covestor Ltd now owns 2,118 shares of the company’s stock worth $187,000 after purchasing an additional 898 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of PACCAR by 0.7% during the first quarter. Mackenzie Financial Corp now owns 106,723 shares of the company’s stock worth $9,399,000 after purchasing an additional 792 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now directly owns 5,726 shares in the company, valued at approximately $607,814.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the sale, the vice president now owns 5,726 shares in the company, valued at $607,814.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Harrie Schippers sold 32,797 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the transaction, the chief financial officer now directly owns 103,547 shares in the company, valued at approximately $10,984,265.76. The disclosure for this sale can be found here. Insiders have sold a total of 153,496 shares of company stock worth $15,834,812 in the last ninety days. 2.02% of the stock is owned by corporate insiders.

PACCAR Price Performance

PCAR stock traded down $2.57 during mid-day trading on Friday, reaching $111.19. The company’s stock had a trading volume of 4,538,652 shares, compared to its average volume of 1,922,388. The stock has a market cap of $58.26 billion, a PE ratio of 12.68, a P/E/G ratio of 1.71 and a beta of 0.92. 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 fifty-two week low of $68.40 and a fifty-two week high of $125.50. The company’s 50 day moving average is $115.97 and its two-hundred day moving average is $100.85.

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

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.97%. PACCAR’s dividend payout ratio (DPR) is presently 12.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PCAR. Evercore ISI raised their target price on shares of PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. TD Cowen lifted their price objective on shares of PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price objective on shares of PACCAR from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Truist Financial began coverage on shares of PACCAR in a report on Thursday, March 14th. They issued a “hold” rating and a $117.00 price objective for the company. Finally, Morgan Stanley began coverage on shares of PACCAR in a report on Monday, January 8th. They issued an “overweight” rating and a $125.00 price objective for the company. Eight research 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 stock. Based on data from MarketBeat.com, PACCAR currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

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.