Savant Capital LLC Buys 945 Shares of PACCAR Inc. $PCAR

Savant Capital LLC raised its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,743 shares of the company’s stock after acquiring an additional 945 shares during the period. Savant Capital LLC’s holdings in PACCAR were worth $1,306,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of PACCAR by 20.1% in the first 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 last quarter. Pacer Advisors Inc. grew its position in PACCAR by 2,957.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,110,187 shares of the company’s stock worth $205,469,000 after purchasing an additional 2,041,168 shares in the last quarter. The Manufacturers Life Insurance Company grew its position 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 worth $255,187,000 after purchasing an additional 1,677,736 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of PACCAR by 16,393.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,431,672 shares of the company’s stock worth $139,402,000 after buying an additional 1,422,992 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of PACCAR during the 1st quarter worth approximately $125,566,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Stock Up 0.5%

Shares of NASDAQ PCAR opened at $98.47 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 1.51. The stock has a market capitalization of $51.72 billion, a PE ratio of 19.27, a P/E/G ratio of 4.11 and a beta of 0.95. PACCAR Inc. has a one year low of $84.65 and a one year high of $118.81. The business’s fifty day moving average price is $98.32 and its 200-day moving average price is $96.62.

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

PACCAR Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.3%. PACCAR’s payout ratio is 25.83%.

Insider Activity at PACCAR

In related news, CFO Brice J. Poplawski sold 3,369 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were 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 approximately $47,338.20. This trade represents a 87.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings downgraded PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Wall Street Zen downgraded PACCAR from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Evercore ISI set a $114.00 target price on PACCAR and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Wolfe Research raised shares of PACCAR from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 22nd. Finally, 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 report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PACCAR has an average rating of “Hold” and an average target price of $106.59.

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.