PACCAR Inc. $PCAR Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lowered its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,289 shares of the company’s stock after selling 265 shares during the period. Valeo Financial Advisors LLC’s holdings in PACCAR were worth $598,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FORA Capital LLC acquired a new stake in shares of PACCAR during the first quarter valued at $597,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in PACCAR by 15.1% in the 1st 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. boosted its stake in PACCAR by 62.1% in the 1st 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. boosted its stake in PACCAR by 51.9% in the 1st 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 boosted its stake in PACCAR by 28.8% in the 1st 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.

PACCAR Stock Performance

NASDAQ PCAR opened at $95.73 on Thursday. The firm has a market capitalization of $50.27 billion, a P/E ratio of 16.39, a P/E/G ratio of 3.94 and a beta of 0.94. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $118.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.02 and a quick ratio of 2.80. The business’s 50-day simple moving average is $98.87 and its 200-day simple moving average is $95.62.

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 business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.02 billion. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.The company’s revenue was down 15.7% on a year-over-year basis. During the same period last year, the business posted $2.13 EPS. Equities analysts predict that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, November 12th. PACCAR’s dividend payout ratio (DPR) is presently 22.60%.

Insider Activity

In related news, 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 directly owned 223,190 shares in the company, valued at approximately $22,211,868.80. This trade represents a 15.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $504,700.00. Following the sale, the chief financial officer owned 468 shares in the company, valued at approximately $47,239.92. The trade was a 91.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PCAR. JPMorgan Chase & Co. raised their price target on PACCAR from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Vertical Research raised PACCAR to a “strong-buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of PACCAR in a research note on Wednesday. Citigroup raised their price target on PACCAR from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, PACCAR 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.