Sanctuary Advisors LLC Purchases New Holdings in PACCAR Inc. $PCAR

Sanctuary Advisors LLC acquired a new position in PACCAR Inc. (NASDAQ:PCAR) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,962 shares of the company’s stock, valued at approximately $2,038,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC purchased a new stake in shares of PACCAR in the fourth quarter valued at $27,000. Paladin Partners LLC purchased a new position in shares of PACCAR during the second quarter valued at $27,000. MCF Advisors LLC grew its holdings in shares of PACCAR by 57.5% during the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 92 shares in the last quarter. Compass Financial Management LLC acquired a new position in PACCAR during the second quarter valued at $28,000. Finally, Steph & Co. purchased a new stake in PACCAR in the 1st quarter worth about $29,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PACCAR

In related news, CEO R Preston Feight sold 50,975 shares of PACCAR stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.07, for a total value of $6,783,243.25. Following the completion of the sale, the chief executive officer owned 268,625 shares of the company’s stock, valued at approximately $35,745,928.75. The trade was a 15.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP William Lance Walters sold 1,000 shares of PACCAR stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.50, for a total transaction of $133,500.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 56,842 shares of company stock valued at $7,565,677. 1.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on PCAR. Weiss Ratings restated a “hold (c+)” rating on shares of PACCAR in a research report on Tuesday, August 18th. Morgan Stanley set a $119.00 target price on PACCAR in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Evercore set a $139.00 price objective on shares of PACCAR in a research report on Monday, May 11th. Finally, Citigroup upped their price objective on shares of PACCAR from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $131.70.

PACCAR Stock Performance

Shares of PCAR stock opened at $129.23 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90. PACCAR Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $139.24. The stock’s 50-day moving average is $127.07 and its two-hundred day moving average is $121.91. The firm has a market cap of $68.02 billion, a P/E ratio of 27.15, a PEG ratio of 1.02 and a beta of 0.97.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. The business had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. Analysts predict that PACCAR Inc. will post 5.89 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be paid a $0.35 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $1.40 dividend on an annualized basis and a yield of 1.1%. PACCAR’s payout ratio is 29.41%.

About PACCAR

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.