Vanguard Personalized Indexing Management LLC Has $6.67 Million Stock Position in PACCAR Inc. $PCAR

Vanguard Personalized Indexing Management LLC boosted its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 13.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 69,935 shares of the company’s stock after buying an additional 8,206 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PACCAR were worth $6,669,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PCAR. FORA Capital LLC acquired a new stake in shares of PACCAR in the first quarter valued at approximately $597,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of PACCAR by 62.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company’s stock valued at $3,533,000 after purchasing an additional 13,904 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of PACCAR by 51.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company’s stock valued at $1,262,000 after purchasing an additional 4,429 shares during the last quarter. Moran Wealth Management LLC raised its holdings in shares of PACCAR by 28.8% in the first quarter. Moran Wealth Management LLC now owns 235,167 shares of the company’s stock valued at $22,898,000 after purchasing an additional 52,525 shares during the last quarter. Finally, Stack Financial Management Inc acquired a new stake in shares of PACCAR in the first quarter valued at approximately $20,585,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PCAR has been the topic of a number of recent research reports. Evercore ISI set a $114.00 price objective on shares of PACCAR and gave the company an “outperform” rating in a report on Tuesday, August 19th. Truist Financial set a $97.00 price objective on shares of PACCAR and gave the company a “hold” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. UBS Group raised shares of PACCAR from a “sell” rating to a “neutral” rating and raised their target price for the company from $81.00 to $100.00 in a research note on Wednesday, July 23rd. Finally, Argus raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.59.

Insider Buying and Selling at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 5,000 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $100.94, for a total value of $504,700.00. Following the transaction, the chief financial officer directly owned 468 shares in the company, valued at $47,239.92. The trade was a 91.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R Preston Feight sold 39,965 shares of the business’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 completion of the sale, the chief executive officer directly owned 223,190 shares of the company’s stock, valued at approximately $22,211,868.80. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. 2.02% of the stock is owned by insiders.

PACCAR Price Performance

NASDAQ:PCAR opened at $93.23 on Tuesday. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $118.81. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $98.67 and a 200 day simple moving average of $95.48. The stock has a market capitalization of $48.96 billion, a PE ratio of 15.96, a P/E/G ratio of 3.79 and a beta of 0.94.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the previous year, the company earned $2.13 earnings per share. The company’s quarterly revenue was down 15.7% on a year-over-year basis. On average, research analysts expect that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, November 12th. PACCAR’s payout ratio is currently 22.60%.

About PACCAR

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.