Brandywine Oak Private Wealth LLC Lowers Position in PACCAR Inc. $PCAR

Brandywine Oak Private Wealth LLC lowered its holdings in PACCAR Inc. (NASDAQ:PCAR) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,972 shares of the company’s stock after selling 241 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in PACCAR were worth $568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI raised its holdings in shares of PACCAR by 6.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 6,295 shares of the company’s stock valued at $599,000 after acquiring an additional 383 shares in the last quarter. Stiles Financial Services Inc increased its position in shares of PACCAR by 21.7% during the 2nd quarter. Stiles Financial Services Inc now owns 2,840 shares of the company’s stock valued at $270,000 after purchasing an additional 506 shares during the last quarter. Callan Family Office LLC increased its position in shares of PACCAR by 96.1% during the 2nd quarter. Callan Family Office LLC now owns 7,700 shares of the company’s stock valued at $732,000 after purchasing an additional 3,774 shares during the last quarter. Blair William & Co. IL increased its position in shares of PACCAR by 6.1% during the 2nd quarter. Blair William & Co. IL now owns 23,519 shares of the company’s stock valued at $2,236,000 after purchasing an additional 1,349 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its position in shares of PACCAR by 4.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 25,049 shares of the company’s stock valued at $2,381,000 after purchasing an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insider Activity at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 5,000 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $100.94, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO R Preston Feight sold 39,965 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was 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 owned 223,190 shares of the company’s stock, valued at approximately $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 Price Performance

PCAR opened at $95.22 on Friday. The stock’s 50 day simple moving average is $98.80 and its 200 day simple moving average is $95.59. 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 1 year low of $84.65 and a 1 year high of $118.81. The firm has a market cap of $50.00 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 3.90 and a beta of 0.94.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same period last year, the company earned $2.13 EPS. PACCAR’s revenue for the quarter was down 15.7% compared to the same quarter last year. As a group, analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PCAR shares. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. increased their price objective on PACCAR from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Evercore ISI set a $114.00 price objective on PACCAR and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of PACCAR in a research report on Wednesday. Finally, UBS Group upgraded PACCAR from a “sell” rating to a “neutral” rating and raised their price target for the stock from $81.00 to $100.00 in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.