Atlas Capital Advisors LLC Has $136,000 Holdings in PACCAR Inc (NASDAQ:PCAR)

Atlas Capital Advisors LLC decreased its position in PACCAR Inc (NASDAQ:PCAR) by 80.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,320 shares of the company’s stock after selling 5,505 shares during the quarter. Atlas Capital Advisors LLC’s holdings in PACCAR were worth $136,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PCAR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in PACCAR by 32.2% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 708,737 shares of the company’s stock worth $72,957,000 after acquiring an additional 172,771 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of PACCAR by 52.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 44,255 shares of the company’s stock worth $4,555,000 after purchasing an additional 15,137 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of PACCAR by 1.5% during the second quarter. Principal Financial Group Inc. now owns 3,219,380 shares of the company’s stock worth $331,403,000 after purchasing an additional 48,784 shares during the period. TrueMark Investments LLC acquired a new stake in shares of PACCAR in the second quarter valued at approximately $264,000. Finally, HB Wealth Management LLC boosted its stake in shares of PACCAR by 31.1% in the second quarter. HB Wealth Management LLC now owns 30,468 shares of the company’s stock valued at $3,136,000 after buying an additional 7,229 shares during the period. Institutional investors own 64.90% of the company’s stock.

Insider Buying and Selling

In related news, CEO R Preston Feight sold 27,834 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $98.70, for a total value of $2,747,215.80. Following the sale, the chief executive officer now owns 162,782 shares of the company’s stock, valued at $16,066,583.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.02% of the stock is owned by corporate insiders.

PACCAR Price Performance

PACCAR stock traded up $1.53 during mid-day trading on Friday, reaching $96.18. The company had a trading volume of 2,352,432 shares, compared to its average volume of 2,630,389. The business has a fifty day simple moving average of $99.29 and a 200 day simple moving average of $107.73. The company has a market cap of $50.41 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.47 and a beta of 0.92. PACCAR Inc has a fifty-two week low of $80.94 and a fifty-two week high of $125.50. The company has a current ratio of 2.78, a quick ratio of 2.54 and a debt-to-equity ratio of 0.52.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.01). PACCAR had a net margin of 14.07% and a return on equity of 29.87%. The firm had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period last year, the business earned $2.33 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts predict that PACCAR Inc will post 8.08 earnings per share for the current year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.25%. PACCAR’s dividend payout ratio (DPR) is presently 12.45%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com upgraded PACCAR from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Raymond James initiated coverage on PACCAR in a research note on Friday, June 28th. They issued a “market perform” rating for the company. Truist Financial reduced their price objective on shares of PACCAR from $115.00 to $107.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PACCAR from $121.00 to $109.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Citigroup reduced their price target on shares of PACCAR from $106.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PACCAR presently has an average rating of “Hold” and a consensus target price of $112.73.

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.