PACCAR Inc (NASDAQ:PCAR) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,423 shares of the company’s stock after purchasing an additional 1,508 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in PACCAR were worth $1,719,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Integrated Advisors Network LLC raised its holdings in PACCAR by 478.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 13,313 shares of the company’s stock valued at $1,314,000 after buying an additional 11,013 shares during the period. China Universal Asset Management Co. Ltd. grew its position in shares of PACCAR by 111.0% during the third quarter. China Universal Asset Management Co. Ltd. now owns 6,649 shares of the company’s stock worth $656,000 after buying an additional 3,498 shares in the last quarter. abrdn plc grew its position in shares of PACCAR by 7.4% during the third quarter. abrdn plc now owns 247,516 shares of the company’s stock worth $24,283,000 after buying an additional 17,084 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in PACCAR by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 213,294 shares of the company’s stock valued at $21,048,000 after purchasing an additional 2,920 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in PACCAR by 37,814.0% in the third quarter. Valley National Advisers Inc. now owns 18,957 shares of the company’s stock valued at $1,870,000 after purchasing an additional 18,907 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $104.28 on Friday. PACCAR Inc has a twelve month low of $80.94 and a twelve month high of $125.50. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $54.67 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. The business has a 50 day simple moving average of $100.19 and a 200-day simple moving average of $102.95.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.03. The firm had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.34 EPS. As a group, equities research analysts expect that PACCAR Inc will post 8 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. PACCAR’s payout ratio is currently 13.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on PACCAR from $121.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Truist Financial increased their price objective on PACCAR from $103.00 to $107.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded PACCAR from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price target on PACCAR from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, Citigroup increased their price objective on PACCAR from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $114.18.

Insider Buying and Selling

In other news, CFO Harrie Schippers sold 20,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $106.93, for a total value of $2,138,600.00. Following the completion of the transaction, the chief financial officer now owns 105,558 shares of the company’s stock, valued at approximately $11,287,316.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Harrie Schippers sold 20,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $106.93, for a total value of $2,138,600.00. Following the completion of the transaction, the chief financial officer now owns 105,558 shares of the company’s stock, valued at approximately $11,287,316.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Todd R. Hubbard sold 3,230 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $107.27, for a total value of $346,482.10. Following the completion of the transaction, the vice president now directly owns 3,061 shares of the company’s stock, valued at approximately $328,353.47. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,124 shares of company stock worth $3,543,740 in 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.