Pacific Sage Partners LLC Buys 576 Shares of PACCAR Inc (NASDAQ:PCAR)

Pacific Sage Partners LLC raised its holdings in PACCAR Inc (NASDAQ:PCAR) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,017 shares of the company’s stock after buying an additional 576 shares during the quarter. PACCAR accounts for 0.4% of Pacific Sage Partners LLC’s investment portfolio, making the stock its 28th largest holding. Pacific Sage Partners LLC’s holdings in PACCAR were worth $1,778,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in PACCAR in the 1st quarter valued at $27,000. Quarry LP purchased a new stake in shares of PACCAR in the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. raised its holdings in shares of PACCAR by 269.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock valued at $29,000 after acquiring an additional 205 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of PACCAR in the 2nd quarter valued at about $36,000. Finally, Fortitude Family Office LLC raised its holdings in shares of PACCAR by 200.0% during the 2nd quarter. Fortitude Family Office LLC now owns 366 shares of the company’s stock valued at $38,000 after buying an additional 244 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCAR has been the topic of several recent research reports. Evercore ISI reduced their price target on PACCAR from $109.00 to $99.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. lowered their price objective on PACCAR from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. StockNews.com upgraded PACCAR from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. BNP Paribas upgraded PACCAR to a “hold” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley cut their price objective on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Nine 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.com, the stock currently has an average rating of “Hold” and an average price target of $114.18.

Insider Buying and Selling at PACCAR

In other PACCAR news, CFO Harrie Schippers sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $106.93, for a total transaction of $2,138,600.00. Following the completion of the transaction, the chief financial officer now owns 105,558 shares in the company, valued at $11,287,316.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Kevin D. Baney sold 9,894 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $107.00, for a total value of $1,058,658.00. Following the completion of the sale, the senior vice president now directly owns 7,121 shares of the company’s stock, valued at $761,947. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Harrie Schippers sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $106.93, for a total value of $2,138,600.00. Following the completion of the sale, the chief financial officer now directly owns 105,558 shares of the company’s stock, valued at $11,287,316.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,124 shares of company stock worth $3,543,740 in the last quarter. 2.02% of the stock is owned by corporate insiders.

PACCAR Stock Performance

NASDAQ:PCAR opened at $104.28 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.52. PACCAR Inc has a 12-month low of $80.94 and a 12-month high of $125.50. The stock has a 50-day moving average price of $100.19 and a 200 day moving average price of $102.95. The stock has a market capitalization of $54.67 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.64 and a beta of 0.91.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.03. The firm had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $2.34 earnings per share. Equities research analysts forecast that PACCAR Inc will post 8 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, November 13th. PACCAR’s dividend payout ratio is presently 13.41%.

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.