PACCAR Inc. $PCAR Shares Purchased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lifted its position in PACCAR Inc. (NASDAQ:PCAR) by 15.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,681 shares of the company’s stock after purchasing an additional 224 shares during the period. Catalyst Capital Advisors LLC’s holdings in PACCAR were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PCAR. Hazlett Burt & Watson Inc. lifted its stake in shares of PACCAR by 53.8% in the 2nd 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 period. Alpine Bank Wealth Management acquired a new position in shares of PACCAR in the 1st quarter valued at $29,000. Bayforest Capital Ltd lifted its stake in shares of PACCAR by 234.2% in the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after purchasing an additional 274 shares during the period. Accent Capital Management LLC acquired a new position in shares of PACCAR in the 1st quarter valued at $40,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of PACCAR in the 2nd quarter valued at $43,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $100.13 on Friday. The firm has a 50-day simple moving average of $98.52 and a 200-day simple moving average of $95.71. The stock has a market capitalization of $52.58 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 4.12 and a beta of 0.94. The company has a quick ratio of 2.80, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $118.81.

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

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 12th. PACCAR’s dividend payout ratio is 25.83%.

Insider Activity at PACCAR

In other news, CEO R Preston Feight sold 39,965 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 223,190 shares in the company, valued at $22,211,868.80. This represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PCAR. Morgan Stanley set a $90.00 price objective on shares of PACCAR in a research report on Tuesday. Truist Financial upped their price objective on shares of PACCAR from $97.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday. Argus upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Monday, July 28th. Zacks Research cut shares of PACCAR from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Finally, Wolfe Research upgraded shares of PACCAR from an “underperform” rating to a “peer perform” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $106.59.

PACCAR Company 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.