Focus Partners Advisor Solutions LLC Grows Stock Holdings in PACCAR Inc. $PCAR

Focus Partners Advisor Solutions LLC boosted its stake in PACCAR Inc. (NASDAQ:PCAR) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,645 shares of the company’s stock after acquiring an additional 116 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in PACCAR were worth $917,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PCAR. Vanguard Group Inc. grew its position in shares of PACCAR by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 62,995,929 shares of the company’s stock worth $6,133,914,000 after buying an additional 1,113,520 shares during the period. Wellington Management Group LLP boosted its stake in PACCAR by 20.1% in the 1st quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company’s stock worth $1,964,725,000 after purchasing an additional 3,379,165 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in PACCAR by 9.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 11,754,939 shares of the company’s stock worth $1,144,578,000 after purchasing an additional 987,805 shares in the last quarter. Northern Trust Corp boosted its stake in PACCAR by 0.5% in the 1st quarter. Northern Trust Corp now owns 7,239,967 shares of the company’s stock worth $704,956,000 after purchasing an additional 37,609 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in PACCAR by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,104,056 shares of the company’s stock worth $594,277,000 after purchasing an additional 97,197 shares in the last quarter. Institutional investors own 64.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PCAR. Weiss Ratings cut shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. Evercore ISI set a $114.00 target price on shares of PACCAR and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Morgan Stanley set a $90.00 target price on shares of PACCAR in a research note on Tuesday, October 21st. UBS Group set a $103.00 target price on shares of PACCAR and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Truist Financial upped their target price on shares of PACCAR from $97.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.59.

Insider Transactions at PACCAR

In related news, CFO Brice J. Poplawski sold 3,369 shares of the 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 sale, the chief financial officer directly owned 468 shares of the company’s stock, valued at approximately $47,338.20. This represents a 87.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.02% of the company’s stock.

PACCAR Price Performance

NASDAQ PCAR opened at $101.08 on Tuesday. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $118.81. The firm has a market capitalization of $53.08 billion, a P/E ratio of 19.78, a PEG ratio of 4.18 and a beta of 0.94. The company has a quick ratio of 1.51, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $98.57 and a 200-day moving average price of $95.84.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.23 billion. During the same period in the previous year, the company earned $1.85 EPS. PACCAR’s revenue for the quarter was down 20.7% compared to the same quarter last year. Equities research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

The company 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 $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 12th. PACCAR’s dividend payout ratio is currently 25.83%.

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.