Outlook Capital Management LLC Acquires New Stake in PACCAR Inc. $PCAR

Outlook Capital Management LLC bought a new position in shares of PACCAR Inc. (NASDAQ:PCAR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,318 shares of the company’s stock, valued at approximately $1,119,000. PACCAR comprises approximately 0.4% of Outlook Capital Management LLC’s investment portfolio, making the stock its 13th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators increased its stake in shares of PACCAR by 9.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 887 shares of the company’s stock valued at $97,000 after buying an additional 80 shares during the period. Gulf International Bank UK Ltd lifted its stake in shares of PACCAR by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 26,202 shares of the company’s stock worth $2,869,000 after acquiring an additional 81 shares during the period. CYBER HORNET ETFs LLC lifted its stake in shares of PACCAR by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 1,486 shares of the company’s stock worth $163,000 after acquiring an additional 87 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of PACCAR by 3.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,898 shares of the company’s stock worth $317,000 after acquiring an additional 87 shares during the period. Finally, MCF Advisors LLC boosted its holdings in PACCAR by 57.5% in the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 92 shares during the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 1,970 shares of PACCAR stock in a transaction on Friday, July 31st. The shares were sold at an average price of $132.50, for a total value of $261,025.00. Following the completion of the sale, the chief financial officer directly owned 1,391 shares of the company’s stock, valued at approximately $184,307.50. The trade was a 58.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO R Feight sold 50,975 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $133.07, for a total transaction of $6,783,243.25. Following the transaction, the chief executive officer owned 268,625 shares in the company, valued at $35,745,928.75. This represents a 15.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 56,842 shares of company stock valued at $7,565,677 in the last ninety days. Insiders own 1.99% of the company’s stock.

PACCAR Trading Up 0.2%

NASDAQ PCAR opened at $124.70 on Friday. The stock has a market capitalization of $65.64 billion, a P/E ratio of 26.20, a P/E/G ratio of 1.43 and a beta of 0.96. The business has a 50 day simple moving average of $127.78 and a 200 day simple moving average of $121.80. 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 one year low of $92.25 and a one year high of $139.24.

PACCAR (NASDAQ:PCAR) last issued 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 firm had revenue of $7.55 billion for 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 company’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 earnings per share. Research analysts expect that PACCAR Inc. will post 5.89 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, August 12th. PACCAR’s payout ratio is presently 29.41%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PCAR. Morgan Stanley set a $125.00 target price on shares of PACCAR and gave the company an “equal weight” rating in a research report on Friday. Evercore set a $139.00 price objective on shares of PACCAR in a research note on Monday, May 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of PACCAR in a research report on Tuesday, August 18th. Sanford C. Bernstein reissued an “outperform” rating and set a $148.00 target price on shares of PACCAR in a research note on Wednesday, July 29th. Finally, Truist Financial lifted their target price on shares of PACCAR from $126.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PACCAR presently has an average rating of “Hold” and an average price target of $132.30.

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.