Northwest Quadrant Wealth Management LLC Has $549,000 Stock Position in PACCAR Inc (NASDAQ:PCAR)

Northwest Quadrant Wealth Management LLC increased its position in shares of PACCAR Inc (NASDAQ:PCAR) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,276 shares of the company’s stock after purchasing an additional 172 shares during the period. Northwest Quadrant Wealth Management LLC’s holdings in PACCAR were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of PACCAR by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company’s stock valued at $346,878,000 after buying an additional 1,164,692 shares during the last quarter. Czech National Bank lifted its holdings in shares of PACCAR by 6.5% in the fourth quarter. Czech National Bank now owns 113,679 shares of the company’s stock valued at $11,825,000 after purchasing an additional 6,890 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of PACCAR by 632.7% in the fourth quarter. Brookstone Capital Management now owns 16,142 shares of the company’s stock valued at $1,679,000 after purchasing an additional 13,939 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of PACCAR by 7.8% in the fourth quarter. Wedmont Private Capital now owns 8,417 shares of the company’s stock valued at $897,000 after purchasing an additional 606 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of PACCAR by 223.4% in the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock valued at $59,000 after purchasing an additional 391 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Melius upgraded PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. 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. Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. Citigroup decreased their price target on PACCAR from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada decreased their price target on PACCAR from $106.00 to $97.00 and set a “sector perform” rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.23.

Insiders Place Their Bets

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 951 shares of the company’s stock, valued at $100,929.63. This trade represents a 86.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Pierre R. Breber purchased 5,000 shares of PACCAR stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $89.78 per share, with a total value of $448,900.00. Following the completion of the transaction, the director now owns 13,015 shares of the company’s stock, valued at $1,168,486.70. This represents a 62.38% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.02% of the company’s stock.

PACCAR Stock Performance

NASDAQ:PCAR opened at $96.26 on Wednesday. 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 fifty day simple moving average of $94.10 and a two-hundred day simple moving average of $104.08. PACCAR Inc has a 1 year low of $84.65 and a 1 year high of $118.81. The company has a market capitalization of $50.53 billion, a P/E ratio of 12.17, a P/E/G ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The firm had revenue of $6.91 billion during the quarter, compared to analysts’ expectations of $7.13 billion. During the same period in the prior year, the business earned $2.27 earnings per share. The business’s quarterly revenue was down 16.0% compared to the same quarter last year. On average, analysts expect that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, May 14th. PACCAR’s dividend payout ratio is currently 20.00%.

About PACCAR

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.