Brandywine Oak Private Wealth LLC Sells 241 Shares of PACCAR Inc. $PCAR

Brandywine Oak Private Wealth LLC cut its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 3.9% during the 2nd quarter, HoldingsChannel reports. The firm 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 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of PACCAR by 666.7% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company’s stock valued at $27,000 after purchasing an additional 240 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of PACCAR during the first quarter valued at approximately $29,000. Bayforest Capital Ltd boosted its position in shares of PACCAR by 234.2% during the first quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after purchasing an additional 274 shares in the last quarter. Accent Capital Management LLC bought a new stake in shares of PACCAR during the first quarter valued at approximately $40,000. Finally, JFS Wealth Advisors LLC boosted its position in shares of PACCAR by 64.9% during the first quarter. JFS Wealth Advisors LLC now owns 442 shares of the company’s stock valued at $43,000 after purchasing an additional 174 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on PCAR shares. UBS Group upgraded PACCAR from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $81.00 to $100.00 in a research note on Wednesday, July 23rd. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Vertical Research upgraded PACCAR to a “strong-buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of PACCAR in a research note on Wednesday. Finally, Evercore ISI set a $114.00 price objective on PACCAR and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $107.59.

PACCAR Stock Down 0.5%

PACCAR stock opened at $95.22 on Friday. 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. The stock has a fifty day simple moving average of $98.80 and a two-hundred day simple moving average of $95.59. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.57.

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

PACCAR Dividend Announcement

The firm also recently announced 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 of this dividend is Wednesday, November 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.4%. PACCAR’s dividend payout ratio (DPR) is presently 22.60%.

Insiders Place Their Bets

In other PACCAR news, CFO Brice J. Poplawski sold 5,000 shares of PACCAR stock in a transaction 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 of the company’s stock, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R Preston Feight sold 39,965 shares of PACCAR stock in a transaction 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 directly owned 223,190 shares of the company’s stock, valued at approximately $22,211,868.80. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by company insiders.

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.