Apollon Wealth Management LLC Buys 473 Shares of PACCAR Inc (NASDAQ:PCAR)

Apollon Wealth Management LLC lifted its stake in PACCAR Inc (NASDAQ:PCARGet Rating) by 12.0% during the second quarter, HoldingsChannel reports. The firm owned 4,420 shares of the company’s stock after purchasing an additional 473 shares during the period. Apollon Wealth Management LLC’s holdings in PACCAR were worth $364,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont bought a new position in shares of PACCAR in the second quarter worth about $28,000. Achmea Investment Management B.V. bought a new position in PACCAR during the 1st quarter worth about $33,000. Prospera Financial Services Inc bought a new position in PACCAR during the 1st quarter worth about $39,000. CENTRAL TRUST Co grew its holdings in PACCAR by 800.0% during the 1st quarter. CENTRAL TRUST Co now owns 585 shares of the company’s stock worth $52,000 after acquiring an additional 520 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in PACCAR during the 2nd quarter worth about $60,000. 64.17% of the stock is currently owned by institutional investors.

Insider Activity at PACCAR

In other PACCAR news, CEO R Preston Feight sold 13,900 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $95.77, for a total transaction of $1,331,203.00. Following the completion of the transaction, the chief executive officer now directly owns 62,377 shares of the company’s stock, valued at approximately $5,973,845.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other PACCAR news, CEO R Preston Feight sold 13,900 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $95.77, for a total transaction of $1,331,203.00. Following the completion of the transaction, the chief executive officer now directly owns 62,377 shares of the company’s stock, valued at approximately $5,973,845.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Harrie Schippers sold 29,052 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $95.64, for a total transaction of $2,778,533.28. Following the transaction, the chief financial officer now directly owns 53,246 shares of the company’s stock, valued at $5,092,447.44. The disclosure for this sale can be found here. Insiders sold 43,443 shares of company stock valued at $4,156,381 in the last three months. 2.05% of the stock is owned by insiders.

PACCAR Stock Down 0.1 %

NASDAQ:PCAR opened at $105.89 on Thursday. The stock has a market capitalization of $36.83 billion, a P/E ratio of 14.18, a P/E/G ratio of 1.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.38 and a current ratio of 2.66. The company’s 50-day simple moving average is $92.49 and its 200-day simple moving average is $88.45. PACCAR Inc has a fifty-two week low of $77.00 and a fifty-two week high of $107.18.

PACCAR (NASDAQ:PCARGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.00 by $0.21. The firm had revenue of $6.69 billion during the quarter, compared to analyst estimates of $6.65 billion. PACCAR had a net margin of 9.50% and a return on equity of 21.24%. PACCAR’s revenue was up 41.1% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. On average, equities analysts anticipate that PACCAR Inc will post 8.15 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 15th will be given a $0.37 dividend. This is a positive change from PACCAR’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, November 14th. PACCAR’s dividend payout ratio (DPR) is presently 19.81%.

Analyst Ratings Changes

PCAR has been the topic of several recent research reports. Vertical Research cut shares of PACCAR from a “buy” rating to a “hold” rating and increased their target price for the stock from $100.00 to $102.00 in a report on Wednesday, August 17th. Morgan Stanley increased their target price on shares of PACCAR from $89.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 26th. Citigroup increased their target price on shares of PACCAR to $96.00 in a report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of PACCAR from $95.00 to $97.00 in a report on Wednesday, October 26th. Finally, StockNews.com cut shares of PACCAR from a “strong-buy” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $96.36.

PACCAR Profile

(Get Rating)

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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.

Recommended Stories

Want to see what other hedge funds are holding PCAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc (NASDAQ:PCARGet Rating).

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

Receive News & Ratings for PACCAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR and related companies with MarketBeat.com's FREE daily email newsletter.