Donoghue Forlines LLC Boosts Stock Holdings in PACCAR Inc. $PCAR

Donoghue Forlines LLC increased its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 10.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,692 shares of the company’s stock after acquiring an additional 1,472 shares during the quarter. Donoghue Forlines LLC’s holdings in PACCAR were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Hazlett Burt & Watson Inc. boosted its stake in shares of PACCAR by 53.8% during the second 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 period. Bayforest Capital Ltd raised its holdings in 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 buying an additional 274 shares during the last quarter. Accent Capital Management LLC bought a new stake in PACCAR during the 1st quarter valued at $40,000. Hantz Financial Services Inc. boosted its position in PACCAR by 43.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $42,000 after buying an additional 134 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in PACCAR in the 2nd quarter worth $43,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Trading Down 1.9%

NASDAQ PCAR opened at $96.55 on Friday. The firm has a market capitalization of $50.71 billion, a PE ratio of 18.89, a P/E/G ratio of 4.11 and a beta of 0.95. The stock’s 50 day moving average is $98.29 and its 200 day moving average is $96.62. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $118.81. The company has a quick ratio of 1.51, a current ratio of 1.82 and a debt-to-equity ratio of 0.57.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.23 billion. During the same period in the previous year, the firm earned $1.85 EPS. The company’s revenue was down 20.7% on a year-over-year basis. Research analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.32 dividend on an annualized basis and a yield of 1.4%. PACCAR’s payout ratio is presently 25.83%.

Analysts Set New Price Targets

Several brokerages have recently commented on PCAR. Argus raised shares of 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. JPMorgan Chase & Co. upped their price target on PACCAR from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Evercore ISI set a $114.00 price objective on PACCAR and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Vertical Research raised PACCAR to a “strong-buy” rating in a research note on Wednesday, July 23rd. Finally, Zacks Research lowered PACCAR from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.54.

Insider Buying and Selling

In other PACCAR news, CFO Brice J. Poplawski sold 3,369 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $101.15, for a total value of $340,774.35. Following the sale, the chief financial officer directly owned 468 shares of the company’s stock, valued at approximately $47,338.20. The trade was a 87.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.02% of the company’s stock.

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.