Schwarz Dygos Wheeler Investment Advisors LLC Invests $938,000 in PACCAR Inc (NASDAQ:PCAR)

Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,022 shares of the company's stock, valued at approximately $938,000.

A number of other hedge funds have also bought and sold shares of PCAR. Madrona Financial Services LLC boosted its holdings in shares of PACCAR by 1.1% during the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after buying an additional 91 shares in the last quarter. Global Financial Private Client LLC lifted its position in shares of PACCAR by 1.0% during the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock valued at $1,011,000 after acquiring an additional 97 shares during the period. Omnia Family Wealth LLC boosted its stake in PACCAR by 2.5% during the third quarter. Omnia Family Wealth LLC now owns 3,993 shares of the company's stock worth $394,000 after acquiring an additional 98 shares in the last quarter. Insight Wealth Partners LLC grew its holdings in PACCAR by 1.4% in the third quarter. Insight Wealth Partners LLC now owns 7,700 shares of the company's stock worth $760,000 after purchasing an additional 104 shares during the period. Finally, Valley National Advisers Inc. increased its stake in PACCAR by 0.6% in the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 64.90% of the company's stock.

PACCAR Stock Up 0.5 %

Shares of PCAR stock traded up $0.50 on Monday, hitting $110.56. The stock had a trading volume of 4,923,855 shares, compared to its average volume of 2,502,324. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The business has a 50 day moving average of $107.41 and a 200 day moving average of $106.26. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50. The stock has a market cap of $58.02 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91.

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PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. As a group, analysts expect that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PCAR. Evercore ISI cut their price objective on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Truist Financial increased their price target on PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and raised their price objective for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on PACCAR from $125.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Citigroup reduced their price target on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.77.

Insiders Place Their Bets

In related news, CEO R Preston Feight sold 25,200 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the completion of the sale, the chief executive officer now owns 206,129 shares in the company, valued at approximately $22,876,196.42. This trade represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the transaction, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,547 shares of company stock valued at $18,261,908. Insiders own 2.02% of the company's stock.

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.