Venturi Wealth Management LLC Has $495,000 Position in PACCAR Inc. $PCAR

Venturi Wealth Management LLC lessened its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 14.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,207 shares of the company’s stock after selling 886 shares during the period. Venturi Wealth Management LLC’s holdings in PACCAR were worth $495,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FORA Capital LLC acquired a new position in shares of PACCAR during the 1st quarter valued at $597,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in PACCAR by 15.1% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 794,946 shares of the company’s stock worth $77,404,000 after buying an additional 104,281 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised 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 buying an additional 13,904 shares during the last quarter. China Universal Asset Management Co. Ltd. raised 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 buying an additional 4,429 shares during the last quarter. Finally, Moran Wealth Management LLC raised 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 buying an additional 52,525 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Transactions at PACCAR

In related news, CFO Brice J. Poplawski sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $100.94, for a total transaction of $504,700.00. Following the completion of the sale, the chief financial officer owned 468 shares in the company, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO R Preston Feight sold 39,965 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $99.52, for a total transaction of $3,977,316.80. Following the sale, the chief executive officer owned 223,190 shares of the company’s stock, valued at $22,211,868.80. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.02% of the company’s stock.

PACCAR Stock Performance

Shares of PCAR stock opened at $95.22 on Friday. The firm has a 50-day moving average of $98.80 and a 200-day moving average of $95.59. The company has a market cap of $50.00 billion, a P/E ratio of 16.30, a P/E/G ratio of 3.90 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.02 and a quick ratio of 2.80. PACCAR Inc. has a one year low of $84.65 and a one year high of $118.81.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $7.02 billion. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 earnings per share. Equities research analysts forecast that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PCAR. Citigroup upped their price objective on shares of PACCAR from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, June 24th. Weiss Ratings restated a “buy (b-)” rating on shares of PACCAR in a report on Wednesday. Argus upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Monday, July 28th. Evercore ISI set a $114.00 price objective on shares of PACCAR and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Finally, Truist Financial set a $97.00 price objective on shares of PACCAR and gave the stock a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.59.

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.