PACCAR Inc. $PCAR Holdings Raised by Stiles Financial Services Inc

Stiles Financial Services Inc grew its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 21.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,840 shares of the company’s stock after purchasing an additional 506 shares during the period. Stiles Financial Services Inc’s holdings in PACCAR were worth $270,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PCAR. Brighton Jones LLC lifted its holdings in shares of PACCAR by 0.3% during the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after purchasing an additional 290 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of PACCAR by 26.4% during the first quarter. Farther Finance Advisors LLC now owns 9,434 shares of the company’s stock valued at $927,000 after purchasing an additional 1,970 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of PACCAR during the first quarter valued at $288,000. GAMMA Investing LLC lifted its holdings in shares of PACCAR by 11.1% during the first quarter. GAMMA Investing LLC now owns 9,028 shares of the company’s stock valued at $879,000 after purchasing an additional 901 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of PACCAR during the first quarter valued at $1,469,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Stock Performance

Shares of PCAR stock opened at $93.00 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.02 and a quick ratio of 2.80. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The stock’s 50-day moving average is $98.73 and its two-hundred day moving average is $95.55. The firm has a market cap of $48.83 billion, a P/E ratio of 15.92, a PEG ratio of 3.88 and a beta of 0.94.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, July 22nd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same period in the prior year, the firm posted $2.13 EPS. The business’s revenue was down 15.7% compared to the same quarter last year. Analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, November 12th. PACCAR’s dividend payout ratio is presently 22.60%.

Wall Street Analysts Forecast Growth

PCAR has been the subject of several research analyst reports. Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Vertical Research raised PACCAR to a “strong-buy” rating in a research note on Wednesday, July 23rd. Argus raised PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Monday, July 28th. UBS Group raised PACCAR from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $81.00 to $100.00 in a research note on Wednesday, July 23rd. Finally, Evercore ISI set a $114.00 price objective on PACCAR and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.59.

Insider Transactions at PACCAR

In other news, CFO Brice J. Poplawski sold 5,000 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $100.94, for a total transaction of $504,700.00. Following the transaction, the chief financial officer owned 468 shares of the company’s stock, valued at approximately $47,239.92. This represents a 91.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO R Preston Feight sold 39,965 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.52, for a total value of $3,977,316.80. Following the transaction, the chief executive officer directly owned 223,190 shares in the company, valued at approximately $22,211,868.80. This represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Corporate 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.