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

Focus Partners Advisor Solutions LLC raised its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 1.2% in the second quarter, HoldingsChannel reports. 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.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. grew its holdings in PACCAR by 4.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,401,009 shares of the company’s stock valued at $133,180,000 after buying an additional 55,830 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in PACCAR by 10.0% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock valued at $209,000 after buying an additional 200 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in PACCAR by 15.4% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 1,681 shares of the company’s stock valued at $160,000 after buying an additional 224 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in PACCAR by 1.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 220,055 shares of the company’s stock valued at $20,918,000 after buying an additional 3,987 shares in the last quarter. Finally, Forum Financial Management LP grew its holdings in PACCAR by 31.3% during the 2nd quarter. Forum Financial Management LP now owns 13,908 shares of the company’s stock valued at $1,322,000 after buying an additional 3,312 shares in the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PACCAR

In other news, CFO Brice J. Poplawski sold 3,369 shares of PACCAR stock in a transaction on Monday, October 27th. The stock was sold at an average price of $101.15, for a total transaction of $340,774.35. Following the completion of the sale, the chief financial officer directly owned 468 shares in the company, valued at approximately $47,338.20. This trade represents a 87.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PCAR. Wolfe Research raised shares of PACCAR from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 22nd. Evercore ISI set a $114.00 price objective on shares of PACCAR and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Wall Street Zen cut shares of PACCAR from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research cut shares of PACCAR from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Finally, Argus raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $106.59.

PACCAR Stock Up 0.9%

NASDAQ PCAR opened at $101.08 on Tuesday. 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 fifty day moving average of $98.57 and a two-hundred day moving average of $95.84. The firm has a market capitalization of $53.08 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 4.18 and a beta of 0.94. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $118.81.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data 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 return on equity of 16.01% and a net margin of 9.11%.The firm 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 firm earned $1.85 earnings per share. The firm’s quarterly revenue was down 20.7% compared to the same quarter last year. On average, analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 12th. PACCAR’s dividend payout ratio (DPR) is 25.83%.

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.