Aprio Wealth Management LLC Makes New $218,000 Investment in PACCAR Inc. $PCAR

Aprio Wealth Management LLC bought a new stake in shares of PACCAR Inc. (NASDAQ:PCAR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,240 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds also recently modified their holdings of PCAR. Brighton Jones LLC grew its holdings in PACCAR by 0.3% during the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after purchasing an additional 290 shares during the period. Aptus Capital Advisors LLC lifted its position in shares of PACCAR by 30.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 4,977 shares of the company’s stock valued at $520,000 after buying an additional 1,172 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of PACCAR by 3.2% during the 4th quarter. Captrust Financial Advisors now owns 54,003 shares of the company’s stock worth $5,617,000 after acquiring an additional 1,673 shares during the period. BOKF NA increased its holdings in PACCAR by 2.7% in the 4th quarter. BOKF NA now owns 14,957 shares of the company’s stock worth $1,594,000 after acquiring an additional 392 shares during the last quarter. Finally, Centiva Capital LP increased its holdings in PACCAR by 6.4% in the 4th quarter. Centiva Capital LP now owns 6,489 shares of the company’s stock worth $675,000 after acquiring an additional 392 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

NASDAQ PCAR opened at $98.21 on Friday. The company’s 50 day simple moving average is $98.17 and its two-hundred day simple moving average is $96.43. 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 stock has a market capitalization of $51.57 billion, a PE ratio of 16.82, a P/E/G ratio of 3.86 and a beta of 0.94.

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

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 14th. PACCAR’s dividend payout ratio is currently 22.60%.

Analyst Ratings Changes

Several research firms have commented on PCAR. UBS Group raised shares of PACCAR from a “sell” rating to a “neutral” rating and upped their price objective for the company from $81.00 to $100.00 in a report on Wednesday, July 23rd. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Citigroup boosted their target price on shares of PACCAR from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, June 24th. Vertical Research upgraded PACCAR to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price target on PACCAR from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.68.

Insider Activity

In other news, CEO R Preston Feight sold 39,965 shares of PACCAR 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 completion of the sale, the chief executive officer 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 legal filing with the SEC, which can be accessed through this link. Also, CFO Brice J. Poplawski sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $100.94, for a total transaction of $504,700.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 2.02% of the company’s stock.

PACCAR Company Profile

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.