PACCAR Inc. $PCAR Shares Bought by Bogart Wealth LLC

Bogart Wealth LLC boosted its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,203 shares of the company’s stock after buying an additional 5,366 shares during the period. Bogart Wealth LLC’s holdings in PACCAR were worth $13,898,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its stake in shares of PACCAR by 53.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Applied Capital LLC FL grew its stake in shares of PACCAR by 0.5% in the 1st quarter. Applied Capital LLC FL now owns 25,210 shares of the company’s stock valued at $2,455,000 after purchasing an additional 124 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of PACCAR by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 45,087 shares of the company’s stock valued at $4,390,000 after purchasing an additional 130 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of PACCAR by 5.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,341 shares of the company’s stock valued at $228,000 after purchasing an additional 130 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of PACCAR by 64.9% in the 1st quarter. JFS Wealth Advisors LLC now owns 442 shares of the company’s stock valued at $43,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PCAR. JPMorgan Chase & Co. lifted their target price on PACCAR from $97.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of PACCAR in a research note on Wednesday, October 8th. Citigroup lifted their target price on PACCAR from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, June 24th. Vertical Research upgraded PACCAR to a “strong-buy” rating in a research note on Wednesday, July 23rd. Finally, Truist Financial set a $97.00 price target on PACCAR and gave the company a “hold” rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.14.

PACCAR Stock Down 0.5%

PACCAR stock opened at $94.69 on Monday. 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 1-year low of $84.65 and a 1-year high of $118.81. The company has a market cap of $49.72 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The stock’s 50 day moving average price is $98.48 and its 200 day moving average price is $95.43.

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

PACCAR Dividend Announcement

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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, November 12th. PACCAR’s payout ratio is presently 22.60%.

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.