PACCAR Inc. $PCAR Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its stake in PACCAR Inc. (NASDAQ:PCAR) by 55.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,620 shares of the company’s stock after buying an additional 1,654 shares during the period. Stratos Wealth Partners LTD.’s holdings in PACCAR were worth $439,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PCAR. Hazlett Burt & Watson Inc. boosted its position in shares of PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of PACCAR in the first quarter worth approximately $29,000. Bayforest Capital Ltd boosted its position in shares of PACCAR by 234.2% in the first quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock worth $38,000 after acquiring an additional 274 shares during the last quarter. Accent Capital Management LLC acquired a new stake in shares of PACCAR in the first quarter worth approximately $40,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of PACCAR in the second quarter worth approximately $43,000. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Trading Down 0.4%

PCAR opened at $99.38 on Friday. The stock has a market capitalization of $52.18 billion, a PE ratio of 19.45, a P/E/G ratio of 4.13 and a beta of 0.94. The firm’s fifty day moving average price is $98.48 and its 200 day moving average price is $95.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 2.80. PACCAR Inc. has a 12-month low of $84.65 and a 12-month high of $118.81.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $6.67 billion during 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 company’s revenue was down 20.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.85 earnings per share. As a group, research analysts expect that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.32 annualized dividend and a yield of 1.3%. PACCAR’s dividend payout ratio is currently 25.83%.

Insider Transactions at PACCAR

In related news, CEO R Preston Feight sold 39,965 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.52, for a total value of $3,977,316.80. Following the sale, the chief executive officer directly owned 223,190 shares of the company’s stock, valued at $22,211,868.80. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of PACCAR in a research report on Wednesday, October 8th. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Raymond James Financial reaffirmed a “market perform” rating on shares of PACCAR in a research report on Tuesday. Evercore ISI set a $114.00 price target on shares of PACCAR and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Finally, Wolfe Research raised shares of PACCAR from an “underperform” rating to a “peer perform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.59.

PACCAR 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.