Pure Financial Advisors LLC Acquires Shares of 6,239 PACCAR Inc. $PCAR

Pure Financial Advisors LLC bought a new position in shares of PACCAR Inc. (NASDAQ:PCAR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,239 shares of the company’s stock, valued at approximately $749,000.

Several other institutional investors have also recently added to or reduced their stakes in PCAR. Deseret Mutual Benefit Administrators lifted its position in PACCAR by 9.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 887 shares of the company’s stock worth $97,000 after acquiring an additional 80 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of PACCAR by 0.3% during the fourth quarter. Gulf International Bank UK Ltd now owns 26,202 shares of the company’s stock worth $2,869,000 after purchasing an additional 81 shares during the last quarter. CYBER HORNET ETFs LLC lifted its holdings in shares of PACCAR by 6.2% during the fourth quarter. CYBER HORNET ETFs LLC now owns 1,486 shares of the company’s stock worth $163,000 after purchasing an additional 87 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of PACCAR by 3.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,898 shares of the company’s stock worth $317,000 after purchasing an additional 87 shares during the period. Finally, MCF Advisors LLC grew its position in PACCAR by 57.5% in the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Trading Up 0.0%

NASDAQ:PCAR opened at $129.23 on Thursday. PACCAR Inc. has a 52-week low of $92.25 and a 52-week high of $139.24. The company has a quick ratio of 2.90, a current ratio of 3.12 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $127.07 and a 200-day simple moving average of $121.91. The company has a market capitalization of $68.02 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The firm had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.05 billion. During the same period last year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that PACCAR Inc. will post 5.89 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, August 12th. PACCAR’s dividend payout ratio is 29.41%.

Analyst Upgrades and Downgrades

PCAR has been the subject of several recent analyst reports. Citigroup raised their target price on shares of PACCAR from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on shares of PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Truist Financial lifted their price objective on PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Wells Fargo & Company increased their target price on PACCAR from $125.00 to $157.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley set a $119.00 price target on PACCAR in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, PACCAR currently has a consensus rating of “Hold” and an average target price of $131.70.

Insider Buying and Selling

In related news, CFO Brice J. Poplawski sold 1,970 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $132.50, for a total value of $261,025.00. Following the completion of the transaction, the chief financial officer owned 1,391 shares of the company’s stock, valued at approximately $184,307.50. The trade was a 58.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Paulo Henrique Bolgar sold 2,897 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $133.90, for a total transaction of $387,908.30. Following the completion of the transaction, the vice president owned 3,831 shares in the company, valued at approximately $512,970.90. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 56,842 shares of company stock worth $7,565,677. 1.99% of the stock is currently owned by corporate insiders.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.