PACCAR Inc (NASDAQ:PCAR) Stock Position Boosted by First Washington CORP

First Washington CORP lifted its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 370,889 shares of the company's stock after acquiring an additional 18,800 shares during the quarter. PACCAR makes up about 13.6% of First Washington CORP's portfolio, making the stock its biggest holding. First Washington CORP owned 0.07% of PACCAR worth $38,580,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PCAR. Meeder Asset Management Inc. lifted its holdings in shares of PACCAR by 221.8% during the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after acquiring an additional 193 shares during the period. Golden State Wealth Management LLC bought a new position in PACCAR in the fourth quarter valued at about $37,000. Kestra Investment Management LLC acquired a new stake in PACCAR during the 4th quarter worth approximately $37,000. OFI Invest Asset Management bought a new stake in PACCAR during the 4th quarter worth approximately $43,000. Finally, Atala Financial Inc bought a new position in shares of PACCAR during the fourth quarter valued at $43,000. 64.90% of the stock is owned by institutional investors.

PACCAR Price Performance

Shares of PCAR traded up $0.52 during midday trading on Wednesday, hitting $89.08. 2,798,899 shares of the company traded hands, compared to its average volume of 2,751,151. PACCAR Inc has a 52 week low of $85.05 and a 52 week high of $118.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The firm has a 50 day moving average of $98.44 and a 200-day moving average of $105.61. The stock has a market cap of $46.76 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results 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, analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a $0.33 dividend. This is a boost from PACCAR's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.48%. PACCAR's payout ratio is 16.69%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Truist Financial lowered their target price on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Evercore ISI decreased their price objective on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. UBS Group downgraded PACCAR from a "neutral" rating to a "sell" rating and decreased their price target for the company from $108.00 to $78.00 in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. reduced their price objective on PACCAR from $121.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $108.59.

Insider Buying and Selling

In related news, VP Michael K. Walton sold 6,000 shares of the firm'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 transaction of $636,780.00. Following the completion of the sale, the vice president now directly owns 951 shares of the company's stock, valued at approximately $100,929.63. This trade represents a 86.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darrin C. Siver sold 103,671 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $111.56, for a total value of $11,565,536.76. Following the completion of the transaction, the executive vice president now directly owns 61,005 shares in the company, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock worth $18,261,908 over the last three months. 2.02% of the stock is owned by insiders.

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.