J.W. Cole Advisors Inc. Raises Stake in PACCAR Inc. $PCAR

J.W. Cole Advisors Inc. increased its stake in PACCAR Inc. (NASDAQ:PCAR) by 27.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,445 shares of the company’s stock after purchasing an additional 2,858 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in PACCAR were worth $1,278,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. increased its holdings in PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Bayforest Capital Ltd grew its holdings in shares of PACCAR by 234.2% in the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock worth $38,000 after acquiring an additional 274 shares during the period. Accent Capital Management LLC acquired a new stake in shares of PACCAR in the 1st quarter worth approximately $40,000. Hantz Financial Services Inc. increased its stake in PACCAR by 43.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $42,000 after purchasing an additional 134 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in PACCAR during the second quarter worth $43,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Trading Down 1.0%

NASDAQ PCAR opened at $98.02 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 1.82. PACCAR Inc. has a one year low of $84.65 and a one year high of $118.81. The company’s 50 day moving average price is $98.28 and its 200 day moving average price is $96.61. The firm has a market capitalization of $51.48 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 4.11 and a beta of 0.95.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.23 billion. PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The business’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 earnings per share. On average, sell-side analysts predict that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.32 annualized dividend and a yield of 1.3%. PACCAR’s dividend payout ratio is currently 25.83%.

Insider Buying and Selling

In other PACCAR news, CFO Brice J. Poplawski sold 3,369 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $101.15, for a total transaction of $340,774.35. Following the completion of the transaction, the chief financial officer directly owned 468 shares of the company’s stock, valued at $47,338.20. This trade represents a 87.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on PACCAR from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Zacks Research cut shares of PACCAR from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Evercore ISI set a $114.00 target price on shares of PACCAR and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Weiss Ratings lowered shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $106.59.

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.