Vest Financial LLC Has $42.72 Million Stake in PACCAR Inc. $PCAR

Vest Financial LLC increased its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 10.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 434,455 shares of the company’s stock after acquiring an additional 39,762 shares during the quarter. Vest Financial LLC’s holdings in PACCAR were worth $42,716,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Private Wealth Management Group LLC boosted its position in PACCAR by 293.1% during the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares during the period. Hazlett Burt & Watson Inc. grew its stake in PACCAR by 53.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in PACCAR by 43.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $42,000 after acquiring an additional 134 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in PACCAR during the second quarter worth approximately $62,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of PACCAR in the second quarter valued at approximately $71,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of PCAR opened at $120.77 on Wednesday. The stock has a 50-day moving average of $109.81 and a 200-day moving average of $102.37. PACCAR Inc. has a one year low of $84.65 and a one year high of $122.65. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.12 and a quick ratio of 2.91. The company has a market cap of $63.43 billion, a PE ratio of 23.67, a P/E/G ratio of 14.99 and a beta of 1.01.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The business had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.23 billion. PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The firm’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. On average, equities research analysts predict that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, February 11th. This represents a $1.32 dividend on an annualized basis and a yield of 1.1%. PACCAR’s payout ratio is 25.83%.

Insider Buying and Selling

In other news, CFO Brice J. Poplawski sold 3,369 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $101.15, for a total value of $340,774.35. Following the completion of the sale, the chief financial officer directly owned 468 shares of the company’s stock, valued at $47,338.20. This represents a 87.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on PCAR shares. Zacks Research raised shares of PACCAR from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Wall Street Zen cut PACCAR from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. lifted their price objective on PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Wolfe Research raised shares of PACCAR from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial restated a “market perform” rating on shares of PACCAR in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $112.33.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.