Schwarz Dygos Wheeler Investment Advisors LLC Acquires New Shares in PACCAR Inc (NASDAQ:PCAR)

Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in PACCAR Inc (NASDAQ:PCAR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,022 shares of the company’s stock, valued at approximately $938,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC lifted its stake in shares of PACCAR by 2.9% in the 4th quarter. Sowell Financial Services LLC now owns 21,114 shares of the company’s stock valued at $2,196,000 after purchasing an additional 587 shares during the last quarter. OFI Invest Asset Management acquired a new position in PACCAR in the fourth quarter valued at about $43,000. Larson Financial Group LLC lifted its position in PACCAR by 39.1% in the fourth quarter. Larson Financial Group LLC now owns 548 shares of the company’s stock valued at $57,000 after buying an additional 154 shares during the last quarter. Lifeworks Advisors LLC boosted its stake in PACCAR by 9.4% during the fourth quarter. Lifeworks Advisors LLC now owns 45,581 shares of the company’s stock worth $4,741,000 after buying an additional 3,924 shares during the period. Finally, Intellectus Partners LLC increased its position in shares of PACCAR by 1.5% during the fourth quarter. Intellectus Partners LLC now owns 10,880 shares of the company’s stock valued at $1,164,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Buying and Selling at PACCAR

In related news, VP Michael K. Walton sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the transaction, the vice president now directly owns 951 shares of the company’s stock, valued at $100,929.63. This represents a 86.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the sale, the vice president now directly owns 5,463 shares in the company, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,547 shares of company stock worth $18,261,908 over the last ninety days. Corporate insiders own 2.02% of the company’s stock.

PACCAR Stock Performance

Shares of PACCAR stock opened at $110.06 on Monday. The business has a 50-day simple moving average of $107.27 and a 200-day simple moving average of $106.16. The company has a market cap of $57.76 billion, a PE ratio of 13.91, a P/E/G ratio of 2.77 and a beta of 0.91. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. On average, equities research analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio is 16.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PCAR shares. Citigroup decreased their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Evercore ISI lowered their price target on PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Truist Financial lifted their price objective on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on PACCAR from $125.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.77.

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.