Measured Wealth Private Client Group LLC Makes New Investment in PACCAR Inc (NASDAQ:PCAR)

Measured Wealth Private Client Group LLC bought a new position in PACCAR Inc (NASDAQ:PCAR) in the fourth quarter, HoldingsChannel reports. The fund bought 5,221 shares of the company’s stock, valued at approximately $510,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management increased its holdings in PACCAR by 34.6% in the 4th quarter. LSV Asset Management now owns 569,450 shares of the company’s stock worth $55,607,000 after purchasing an additional 146,300 shares in the last quarter. Summit Global Investments bought a new stake in shares of PACCAR in the 4th quarter valued at about $215,000. Beacon Harbor Wealth Advisors Inc. grew its position in shares of PACCAR by 1.0% in the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 57,506 shares of the company’s stock valued at $5,615,000 after buying an additional 561 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of PACCAR by 50.0% in the 4th quarter. Natixis Advisors L.P. now owns 287,213 shares of the company’s stock valued at $28,046,000 after buying an additional 95,768 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of PACCAR by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 4,916,582 shares of the company’s stock valued at $480,104,000 after buying an additional 89,984 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Activity at PACCAR

In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the completion of the transaction, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at $10,984,265.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the transaction, the vice president now directly owns 5,726 shares of the company’s stock, valued at $607,814.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Harrie Schippers sold 32,797 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at $10,984,265.76. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by company insiders.

PACCAR Stock Down 1.6 %

PCAR stock traded down $1.67 during trading on Friday, reaching $104.79. 3,899,161 shares of the stock were exchanged, compared to its average volume of 2,813,976. The company has a current ratio of 1.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. The firm has a market cap of $54.91 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 1.66 and a beta of 0.96. The firm’s 50 day moving average is $116.54 and its 200 day moving average is $102.39. PACCAR Inc has a twelve month low of $68.40 and a twelve month high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The company had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.25 billion. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. PACCAR’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $2.25 earnings per share. As a group, research analysts forecast that PACCAR Inc will post 8.24 EPS for the current year.

PACCAR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from PACCAR’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, May 14th. PACCAR’s dividend payout ratio (DPR) is presently 11.20%.

Analyst Ratings Changes

A number of equities research analysts have commented on PCAR shares. Morgan Stanley started coverage on PACCAR in a research report on Monday, January 8th. They issued an “overweight” rating and a $125.00 price target on the stock. Royal Bank of Canada started coverage on PACCAR in a research report on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price target on the stock. TD Cowen upped their price target on PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Bank of America upgraded PACCAR from an “underperform” rating to a “neutral” rating and upped their target price for the company from $84.00 to $97.00 in a research report on Friday, January 19th. Finally, UBS Group upgraded PACCAR from a “neutral” rating to a “buy” rating and upped their target price for the company from $104.00 to $136.00 in a research report on Friday, March 15th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.62.

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.