Pure Financial Advisors LLC Decreases Stock Holdings in PACCAR Inc. $PCAR

Pure Financial Advisors LLC trimmed its position in PACCAR Inc. (NASDAQ:PCAR) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,890 shares of the company’s stock after selling 247 shares during the quarter. Pure Financial Advisors LLC’s holdings in PACCAR were worth $1,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of PACCAR by 666.7% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company’s stock worth $27,000 after buying an additional 240 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of PACCAR in the first quarter worth $29,000. Bayforest Capital Ltd increased 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 worth $38,000 after buying an additional 274 shares during the period. Accent Capital Management LLC purchased a new position in PACCAR during the 1st quarter valued at $40,000. Finally, JFS Wealth Advisors LLC increased its position in PACCAR by 64.9% during the 1st quarter. JFS Wealth Advisors LLC now owns 442 shares of the company’s stock valued at $43,000 after purchasing an additional 174 shares during the period. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Stock Performance

Shares of PACCAR stock opened at $99.08 on Friday. The stock has a market cap of $52.03 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 3.97 and a beta of 0.94. The firm’s 50-day moving average is $99.10 and its 200 day moving average is $95.66. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $118.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.02 and a quick ratio of 2.80.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $7.02 billion. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. PACCAR’s revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 EPS. Sell-side analysts anticipate that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.32 annualized dividend and a yield of 1.3%. PACCAR’s dividend payout ratio is currently 22.60%.

Analyst Ratings Changes

PCAR has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of PACCAR from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 24th. Argus raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Monday, July 28th. UBS Group upgraded shares of PACCAR from a “sell” rating to a “neutral” rating and boosted their target price for the company from $81.00 to $100.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of PACCAR from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Vertical Research upgraded shares of PACCAR to a “strong-buy” rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.68.

Insider Activity

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

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.