Blair William & Co. IL Has $2.24 Million Stock Position in PACCAR Inc. $PCAR

Blair William & Co. IL boosted its stake in PACCAR Inc. (NASDAQ:PCAR) by 6.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 23,519 shares of the company’s stock after buying an additional 1,349 shares during the period. Blair William & Co. IL’s holdings in PACCAR were worth $2,236,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PCAR. Wellington Management Group LLP boosted its holdings in PACCAR by 20.1% in the 1st quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company’s stock valued at $1,964,725,000 after purchasing an additional 3,379,165 shares during the period. Pacer Advisors Inc. boosted its holdings in PACCAR by 2,957.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,110,187 shares of the company’s stock valued at $205,469,000 after purchasing an additional 2,041,168 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in PACCAR by 177.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,620,798 shares of the company’s stock valued at $255,187,000 after purchasing an additional 1,677,736 shares during the period. Jones Financial Companies Lllp boosted its holdings in PACCAR by 16,393.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,431,672 shares of the company’s stock valued at $139,402,000 after purchasing an additional 1,422,992 shares during the period. Finally, Nuveen LLC bought a new stake in PACCAR in the 1st quarter valued at about $125,566,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $95.11 on Wednesday. The company has a market cap of $49.94 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 3.80 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.02 and a quick ratio of 2.80. The firm has a 50 day simple moving average of $98.60 and a 200 day simple moving average of $95.48. PACCAR Inc. has a one year low of $84.65 and a one year high of $118.81.

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

PACCAR Announces Dividend

The firm also recently declared 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 is Wednesday, November 12th. PACCAR’s dividend payout ratio is 22.60%.

Insider Activity at PACCAR

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 shares were sold at an average price of $99.52, for a total value of $3,977,316.80. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brice J. Poplawski sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $100.94, for a total transaction of $504,700.00. Following the completion of the transaction, the chief financial officer owned 468 shares of the company’s stock, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PCAR. Vertical Research raised shares of PACCAR to a “strong-buy” rating in a report on Wednesday, July 23rd. Evercore ISI set a $114.00 price objective on shares of PACCAR and gave the company an “outperform” rating in a report on Tuesday, August 19th. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. JPMorgan Chase & Co. upped their price target on shares of PACCAR from $97.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Argus raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $108.14.

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.