14,775 Shares in PACCAR Inc. $PCAR Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in PACCAR Inc. (NASDAQ:PCAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,775 shares of the company’s stock, valued at approximately $1,405,000.

A number of other large investors have also recently bought and sold shares of the business. Hazlett Burt & Watson Inc. lifted its stake in PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after buying an additional 100 shares during the period. Bayforest Capital Ltd lifted its stake in shares of PACCAR by 234.2% in the first quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after buying an additional 274 shares in the last quarter. Accent Capital Management LLC bought a new position in PACCAR in the 1st quarter valued at about $40,000. Hantz Financial Services Inc. boosted its stake in PACCAR by 43.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $42,000 after purchasing an additional 134 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in PACCAR in the 2nd quarter valued at $43,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on PCAR. JPMorgan Chase & Co. upped their price target on PACCAR from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. UBS Group set a $103.00 target price on shares of PACCAR and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Truist Financial upped 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. Zacks Research cut shares of PACCAR from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Finally, Evercore ISI set a $114.00 price objective on PACCAR and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.59.

PACCAR Price Performance

Shares of PACCAR stock opened at $98.65 on Thursday. The firm has a market cap of $51.81 billion, a PE ratio of 19.35, a PEG ratio of 4.11 and a beta of 0.95. The stock has a 50 day moving average of $98.32 and a 200 day moving average of $96.62. The company has a current ratio of 1.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. 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 data on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.23 billion. PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The firm’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. On average, research analysts expect that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The company also recently disclosed 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. This represents a $1.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 12th. PACCAR’s payout ratio is presently 25.83%.

Insiders Place Their Bets

In other PACCAR news, CFO Brice J. Poplawski sold 3,369 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $101.15, for a total transaction of $340,774.35. Following the completion of the sale, the chief financial officer owned 468 shares in the company, valued at $47,338.20. This represents a 87.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.02% of the stock is currently owned by company insiders.

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.