Lodestone Wealth Management LLC Has $1.40 Million Stake in PACCAR Inc. $PCAR

Lodestone Wealth Management LLC trimmed its stake in PACCAR Inc. (NASDAQ:PCAR) by 4.6% during the second quarter, Holdings Channel reports. The fund owned 14,711 shares of the company’s stock after selling 705 shares during the quarter. Lodestone Wealth Management LLC’s holdings in PACCAR were worth $1,398,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. grew its holdings in 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 last quarter. Bayforest Capital Ltd lifted its stake in shares of PACCAR by 234.2% in the first quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock worth $38,000 after buying an additional 274 shares during the last quarter. Accent Capital Management LLC bought a new stake in shares of PACCAR during the 1st quarter worth $40,000. Hantz Financial Services Inc. grew 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 buying an additional 134 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in PACCAR in the 2nd quarter valued at $43,000. Institutional investors own 64.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on PCAR shares. Wolfe Research raised shares of PACCAR from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 22nd. Zacks Research lowered PACCAR from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. 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. Weiss Ratings lowered PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, Vertical Research raised PACCAR to a “strong-buy” rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $106.54.

PACCAR Stock Down 0.5%

NASDAQ PCAR opened at $96.49 on Thursday. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $118.81. The stock has a market cap of $50.68 billion, a PE ratio of 18.88, a PEG ratio of 4.11 and a beta of 0.95. The firm has a 50-day simple moving average of $98.08 and a 200 day simple moving average of $96.81. 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 (NASDAQ:PCAR) last posted its quarterly 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). PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The firm had revenue of $7.24 billion during the quarter, compared to analyst estimates of $6.23 billion. During the same period last year, the company earned $1.85 EPS. The company’s revenue was down 20.7% on a year-over-year basis. On average, research analysts forecast that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Brice J. Poplawski sold 3,369 shares of the firm’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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.02% of the stock is currently owned by company 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.