PACCAR Inc (NASDAQ:PCAR) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its position in PACCAR Inc (NASDAQ:PCAR) by 5.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,322 shares of the company’s stock after acquiring an additional 233 shares during the period. Fidelis Capital Partners LLC’s holdings in PACCAR were worth $445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in PACCAR by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,415,637 shares of the company’s stock valued at $557,572,000 after purchasing an additional 171,317 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of PACCAR by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 4,910,042 shares of the company’s stock valued at $479,466,000 after buying an additional 83,444 shares in the last quarter. Capital International Investors grew its holdings in PACCAR by 44.8% during the first quarter. Capital International Investors now owns 3,962,928 shares of the company’s stock worth $490,967,000 after acquiring an additional 1,225,468 shares during the period. Principal Financial Group Inc. grew its holdings in PACCAR by 1.5% during the second quarter. Principal Financial Group Inc. now owns 3,219,380 shares of the company’s stock worth $331,403,000 after acquiring an additional 48,784 shares during the period. Finally, First Trust Advisors LP raised its position in PACCAR by 0.9% in the fourth quarter. First Trust Advisors LP now owns 2,750,136 shares of the company’s stock worth $268,551,000 after acquiring an additional 23,394 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Stock Down 0.6 %

PCAR opened at $98.91 on Monday. The firm has a market cap of $51.85 billion, a P/E ratio of 10.26, a PEG ratio of 1.48 and a beta of 0.91. The business’s fifty day simple moving average is $96.95 and its 200 day simple moving average is $106.08. PACCAR Inc has a 52 week low of $80.94 and a 52 week high of $125.50. The company has a quick ratio of 2.54, a current ratio of 2.78 and a debt-to-equity ratio of 0.52.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.01). The firm had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.30 billion. PACCAR had a return on equity of 29.87% and a net margin of 14.07%. PACCAR’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.33 earnings per share. As a group, equities research analysts anticipate that PACCAR Inc will post 8.08 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.20 annualized dividend and a yield of 1.21%. PACCAR’s dividend payout ratio (DPR) is presently 12.45%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PCAR shares. StockNews.com raised shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI reduced their price target on shares of PACCAR from $109.00 to $99.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Citigroup lowered their price target on PACCAR from $106.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Raymond James started coverage on PACCAR in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, Truist Financial dropped their price target on PACCAR from $115.00 to $107.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $112.73.

Insiders Place Their Bets

In related news, CEO R Preston Feight sold 27,834 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $98.70, for a total value of $2,747,215.80. Following the completion of the transaction, the chief executive officer now directly owns 162,782 shares in the company, valued at $16,066,583.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.02% of the company’s stock.

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.