18,233 Shares in PACCAR Inc. $PCAR Acquired by JLB & Associates Inc.

JLB & Associates Inc. acquired a new position in shares of PACCAR Inc. (NASDAQ:PCAR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,233 shares of the company’s stock, valued at approximately $2,190,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PCAR. Ares Financial Consulting LLC purchased a new stake in shares of PACCAR in the 4th quarter worth $27,000. Paladin Partners LLC purchased a new position in shares of PACCAR during the second quarter valued at $27,000. MCF Advisors LLC raised its holdings in shares of PACCAR by 57.5% in the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 92 shares in the last quarter. Steph & Co. bought a new stake in shares of PACCAR in the first quarter valued at about $29,000. Finally, Elyxium Wealth LLC bought a new stake in shares of PACCAR in the fourth quarter valued at about $30,000. 64.90% of the stock is owned by institutional investors.

Insider Activity

In other PACCAR news, CFO Brice J. Poplawski sold 1,970 shares of PACCAR stock in a transaction on Friday, July 31st. The shares were sold at an average price of $132.50, for a total value of $261,025.00. Following the transaction, the chief financial officer directly owned 1,391 shares of the company’s stock, valued at approximately $184,307.50. The trade was a 58.61% 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 the SEC website. Also, CEO R Preston Feight sold 50,975 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $133.07, for a total value of $6,783,243.25. Following the transaction, the chief executive officer directly owned 268,625 shares in the company, valued at approximately $35,745,928.75. The trade was a 15.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 insiders.

PACCAR Price Performance

Shares of PCAR stock opened at $128.02 on Wednesday. The company has a market cap of $67.38 billion, a P/E ratio of 26.90, a PEG ratio of 1.04 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90. The stock’s 50-day moving average is $125.73 and its 200 day moving average is $121.76. PACCAR Inc. has a 1-year low of $92.25 and a 1-year high of $139.24.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 EPS 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 business had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.05 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Research analysts predict that PACCAR Inc. will post 5.85 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Evercore set a $139.00 target price on shares of PACCAR in a report on Monday, May 11th. Wells Fargo & Company upped their price target on shares of PACCAR from $125.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Sanford C. Bernstein reiterated an “outperform” rating and set a $148.00 price objective on shares of PACCAR in a research note on Wednesday, July 29th. Morgan Stanley set a $119.00 price objective on shares of PACCAR in a report on Wednesday, July 29th. Finally, Citigroup boosted their price objective 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. Two equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, PACCAR currently has an average rating of “Hold” and a consensus target price of $131.70.

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.