Sanctuary Advisors LLC Lowers Stock Holdings in PACCAR Inc. $PCAR

Sanctuary Advisors LLC lowered its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 22.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,155 shares of the company’s stock after selling 6,241 shares during the quarter. Sanctuary Advisors LLC’s holdings in PACCAR were worth $2,559,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators lifted its position in shares of PACCAR by 9.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 887 shares of the company’s stock valued at $97,000 after buying an additional 80 shares in the last quarter. Gulf International Bank UK Ltd increased its holdings in PACCAR by 0.3% in the 4th quarter. Gulf International Bank UK Ltd now owns 26,202 shares of the company’s stock worth $2,869,000 after acquiring an additional 81 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in PACCAR by 6.2% during the fourth quarter. CYBER HORNET ETFs LLC now owns 1,486 shares of the company’s stock worth $163,000 after acquiring an additional 87 shares during the period. Parkside Financial Bank & Trust raised its position in PACCAR by 3.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,898 shares of the company’s stock worth $317,000 after acquiring an additional 87 shares during the period. Finally, Jackson Square Capital LLC lifted its holdings in PACCAR by 3.5% during the fourth quarter. Jackson Square Capital LLC now owns 2,650 shares of the company’s stock valued at $290,000 after purchasing an additional 90 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Stock Performance

NASDAQ PCAR opened at $126.25 on Wednesday. The stock’s fifty day moving average is $117.82 and its two-hundred day moving average is $119.87. The firm has a market capitalization of $66.44 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 1.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.91 and a current ratio of 3.11. PACCAR Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $131.88.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the company earned $1.46 EPS. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, research analysts anticipate that PACCAR Inc. will post 5.66 earnings per share for the current year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, August 12th. PACCAR’s dividend payout ratio (DPR) is presently 29.79%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PCAR. Truist Financial lifted their target price on shares of PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Wells Fargo & Company set a $125.00 price target on shares of PACCAR and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their price objective on PACCAR from $109.00 to $113.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Citigroup reiterated a “neutral” rating and set a $125.00 price objective (down from $130.00) on shares of PACCAR in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on PACCAR from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, PACCAR currently has a consensus rating of “Hold” and a consensus price target of $124.18.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.