PACCAR Inc. $PCAR Shares Bought by Texas Yale Capital Corp.

Texas Yale Capital Corp. grew its holdings in PACCAR Inc. (NASDAQ:PCAR) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,478 shares of the company’s stock after purchasing an additional 6,510 shares during the period. PACCAR makes up 0.4% of Texas Yale Capital Corp.’s investment portfolio, making the stock its 27th largest position. Texas Yale Capital Corp.’s holdings in PACCAR were worth $13,544,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PCAR. Hazlett Burt & Watson Inc. increased its position in shares of PACCAR by 53.8% during the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares during the last quarter. Intellectus Partners LLC boosted its position in shares of PACCAR by 1.0% during the 2nd quarter. Intellectus Partners LLC now owns 10,673 shares of the company’s stock worth $1,015,000 after purchasing an additional 109 shares during the period. Focus Partners Advisor Solutions LLC increased its holdings in PACCAR by 1.2% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 9,645 shares of the company’s stock valued at $917,000 after purchasing an additional 116 shares during the last quarter. Applied Capital LLC FL raised its position in PACCAR by 0.5% in the first quarter. Applied Capital LLC FL now owns 25,210 shares of the company’s stock valued at $2,455,000 after purchasing an additional 124 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its stake in PACCAR by 5.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,341 shares of the company’s stock worth $228,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Price Performance

PCAR stock opened at $98.28 on Friday. The business has a 50 day moving average price of $98.34 and a 200 day moving average price of $96.33. The company has a quick ratio of 1.51, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $51.62 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 4.11 and a beta of 0.95. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.23 billion. PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 EPS. Equities research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.3%. PACCAR’s payout ratio is 25.83%.

Insider Buying and Selling at PACCAR

In related news, CFO Brice J. Poplawski sold 3,369 shares of the company’s stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI set a $114.00 target price on PACCAR and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Jefferies Financial Group reissued a “hold” rating and issued a $90.00 price objective on shares of PACCAR in a research note on Tuesday, October 21st. Wolfe Research raised shares of PACCAR from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 22nd. Argus upgraded PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Monday, July 28th. Finally, Truist Financial boosted their target price on PACCAR from $97.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $106.59.

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.