9,318 Shares in PACCAR Inc. $PCAR Bought by Outlook Capital Management LLC

Outlook Capital Management LLC purchased a new stake in PACCAR Inc. (NASDAQ:PCAR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,318 shares of the company’s stock, valued at approximately $1,119,000. PACCAR accounts for about 0.4% of Outlook Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. acquired a new position in PACCAR during the second quarter worth $4,927,720,000. Bank of America Corp DE acquired a new position in shares of PACCAR during the second quarter valued at about $1,130,496,000. Norges Bank acquired a new position in shares of PACCAR during the fourth quarter valued at about $727,745,000. Bank of New York Mellon Corp bought a new stake in shares of PACCAR during the second quarter worth about $453,107,000. Finally, Wellington Management Group LLP increased its position in shares of PACCAR by 18.6% during the fourth quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock worth $2,516,272,000 after acquiring an additional 3,597,283 shares in the last quarter. Institutional investors own 64.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PCAR shares. Evercore set a $139.00 price target on shares of PACCAR in a research report on Monday, May 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $148.00 price objective on shares of PACCAR in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings restated a “hold (c+)” rating on shares of PACCAR in a report on Tuesday, August 18th. Finally, Morgan Stanley set a $125.00 target price on PACCAR and gave the company an “equal weight” rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, PACCAR currently has a consensus rating of “Hold” and an average price target of $132.30.

PACCAR Stock Up 0.2%

PCAR opened at $124.70 on Friday. PACCAR Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $139.24. The firm has a market capitalization of $65.64 billion, a P/E ratio of 26.20, a PEG ratio of 1.43 and a beta of 0.96. The company’s 50-day moving average is $127.78 and its 200 day moving average is $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 (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.05 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. Research analysts expect that PACCAR Inc. will post 5.89 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th were paid a $0.35 dividend. 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%.

Insiders Place Their Bets

In related news, VP Paulo Henrique Bolgar sold 2,897 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $133.90, for a total transaction of $387,908.30. Following the completion of the sale, the vice president directly owned 3,831 shares of the company’s stock, valued at approximately $512,970.90. This trade represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brice J. Poplawski sold 1,970 shares of PACCAR stock in a transaction on Friday, July 31st. The stock was sold at an average price of $132.50, for a total value of $261,025.00. Following the sale, the chief financial officer owned 1,391 shares in the company, valued at $184,307.50. This trade represents a 58.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 56,842 shares of company stock valued at $7,565,677. Insiders own 1.99% of the company’s stock.

PACCAR Profile

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.