Callan Family Office LLC Boosts Holdings in PACCAR Inc. $PCAR

Callan Family Office LLC boosted its position in PACCAR Inc. (NASDAQ:PCAR) by 96.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,700 shares of the company’s stock after buying an additional 3,774 shares during the period. Callan Family Office LLC’s holdings in PACCAR were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of PACCAR by 666.7% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company’s stock worth $27,000 after purchasing an additional 240 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of PACCAR during the 1st quarter valued at about $29,000. Bayforest Capital Ltd increased its stake in shares of PACCAR by 234.2% during the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after acquiring an additional 274 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of PACCAR during the 1st quarter valued at about $40,000. Finally, JFS Wealth Advisors LLC grew its holdings in shares of PACCAR by 64.9% during the 1st quarter. JFS Wealth Advisors LLC now owns 442 shares of the company’s stock worth $43,000 after purchasing an additional 174 shares during the period. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of NASDAQ PCAR opened at $93.23 on Tuesday. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81. The company has a market cap of $48.96 billion, a P/E ratio of 15.96, a P/E/G ratio of 3.79 and a beta of 0.94. The business’s 50 day moving average is $98.67 and its two-hundred day moving average is $95.48. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.57.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, beating 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 business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter in the previous year, the firm earned $2.13 EPS. PACCAR’s quarterly revenue was down 15.7% on a year-over-year basis. On average, equities analysts expect that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

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

Insider Activity

In other PACCAR news, CEO R Preston Feight sold 39,965 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.52, for a total value of $3,977,316.80. Following the sale, the chief executive officer owned 223,190 shares in the company, valued at $22,211,868.80. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brice J. Poplawski sold 5,000 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $100.94, for a total value of $504,700.00. Following the transaction, the chief financial officer owned 468 shares in the company, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their position. The disclosure for this sale can be found here. 2.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PCAR shares. Vertical Research upgraded PACCAR to a “strong-buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of PACCAR in a research report on Wednesday, October 8th. Truist Financial set a $97.00 target price on PACCAR and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Evercore ISI set a $114.00 target price on PACCAR and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Finally, Argus raised PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, PACCAR currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.59.

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.