Hudson Capital Management LLC Has $4.49 Million Holdings in PACCAR Inc. $PCAR

Hudson Capital Management LLC increased its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,253 shares of the company’s stock after purchasing an additional 1,697 shares during the period. Hudson Capital Management LLC’s holdings in PACCAR were worth $4,492,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PCAR. FORA Capital LLC bought a new position in PACCAR during the first quarter worth about $597,000. Cambridge Investment Research Advisors Inc. lifted its holdings in PACCAR by 62.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company’s stock worth $3,533,000 after acquiring an additional 13,904 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in PACCAR by 51.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company’s stock worth $1,262,000 after acquiring an additional 4,429 shares in the last quarter. Moran Wealth Management LLC lifted its holdings in PACCAR by 28.8% during the first quarter. Moran Wealth Management LLC now owns 235,167 shares of the company’s stock worth $22,898,000 after acquiring an additional 52,525 shares in the last quarter. Finally, Stack Financial Management Inc bought a new position in PACCAR during the first quarter worth about $20,585,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on PCAR. Truist Financial set a $97.00 target price on PACCAR and gave the stock a “hold” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. UBS Group upgraded PACCAR from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $81.00 to $100.00 in a report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of PACCAR in a report on Wednesday, October 8th. Finally, Citigroup boosted their price target on PACCAR from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, PACCAR has a consensus rating of “Moderate Buy” and a consensus price target of $107.59.

PACCAR Price Performance

NASDAQ:PCAR opened at $93.23 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.80 and a current ratio of 3.02. The stock’s 50-day simple moving average is $98.67 and its 200 day simple moving average is $95.48. 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. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $118.81.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, July 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The business 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 earnings per share. As a group, sell-side analysts forecast that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

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

Insider Transactions at PACCAR

In related news, CEO R Preston Feight sold 39,965 shares of PACCAR stock in a transaction dated 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 of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brice J. Poplawski sold 5,000 shares of the business’s 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 directly 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 currently owned by insiders.

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.