PACCAR Inc. $PCAR Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,348 shares of the company’s stock after selling 340 shares during the period. Securian Asset Management Inc.’s holdings in PACCAR were worth $2,600,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Berkeley Capital Partners LLC acquired a new stake in shares of PACCAR during the second quarter worth $1,360,000. Bogart Wealth LLC increased its holdings in shares of PACCAR by 3.8% in the 2nd quarter. Bogart Wealth LLC now owns 146,203 shares of the company’s stock worth $13,898,000 after acquiring an additional 5,366 shares during the period. Stephens Inc. AR increased its holdings in shares of PACCAR by 8.0% in the 2nd quarter. Stephens Inc. AR now owns 6,477 shares of the company’s stock worth $616,000 after acquiring an additional 482 shares during the period. Beverly Hills Private Wealth LLC increased its holdings in shares of PACCAR by 12.0% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 19,593 shares of the company’s stock worth $1,863,000 after acquiring an additional 2,092 shares during the period. Finally, Grunden Financial Advisory Inc. acquired a new stake in shares of PACCAR in the 2nd quarter worth about $405,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Brice J. Poplawski sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $100.94, for a total transaction of $504,700.00. Following the completion of the transaction, the chief financial officer owned 468 shares in the company, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO R Preston Feight sold 39,965 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.52, for a total transaction of $3,977,316.80. Following the transaction, the chief executive officer owned 223,190 shares of the company’s stock, valued at approximately $22,211,868.80. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.02% of the company’s stock.

PACCAR Stock Performance

Shares of PCAR opened at $99.85 on Wednesday. The firm has a 50-day moving average price of $98.50 and a 200 day moving average price of $95.51. The firm has a market capitalization of $52.43 billion, a PE ratio of 17.10, a P/E/G ratio of 4.00 and a beta of 0.94. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.57. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $118.81.

PACCAR (NASDAQ:PCAR) last announced its earnings results 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 company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.23 billion. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. The business’s quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. On average, sell-side analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.3%. PACCAR’s dividend payout ratio (DPR) is 22.60%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PCAR. Citigroup increased their price objective on shares of PACCAR from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of PACCAR from $97.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Raymond James Financial reaffirmed a “market perform” rating on shares of PACCAR in a report on Tuesday. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Vertical Research raised shares of PACCAR to a “strong-buy” rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.86.

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.