Grunden Financial Advisory Inc. Takes Position in PACCAR Inc. $PCAR

Grunden Financial Advisory Inc. acquired a new stake in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,262 shares of the company's stock, valued at approximately $405,000. PACCAR makes up about 0.2% of Grunden Financial Advisory Inc.'s investment portfolio, making the stock its 20th largest position.

Other large investors also recently made changes to their positions in the company. FORA Capital LLC bought a new position in shares of PACCAR during the 1st quarter valued at about $597,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of PACCAR by 62.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company's stock worth $3,533,000 after buying an additional 13,904 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in shares of PACCAR by 51.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company's stock worth $1,262,000 after buying an additional 4,429 shares during the period. Moran Wealth Management LLC boosted its holdings in shares of PACCAR by 28.8% in the first quarter. Moran Wealth Management LLC now owns 235,167 shares of the company's stock worth $22,898,000 after buying an additional 52,525 shares during the period. Finally, Stack Financial Management Inc acquired a new position in shares of PACCAR in the first quarter worth about $20,585,000. Institutional investors own 64.90% of the company's stock.

Analyst Ratings Changes

PCAR has been the subject of several recent analyst reports. Truist Financial set a $97.00 target price on shares of PACCAR and gave the stock a "hold" rating in a report on Wednesday, October 8th. Evercore ISI set a $114.00 target price on shares of PACCAR and gave the stock an "outperform" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. raised their target price on shares of PACCAR from $97.00 to $103.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a "buy (b-)" rating on shares of PACCAR in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of PACCAR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $108.14.

PACCAR Stock Performance

PCAR stock opened at $94.69 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.80 and a current ratio of 3.02. The stock has a market cap of $49.72 billion, a P/E ratio of 16.21, a P/E/G ratio of 3.87 and a beta of 0.94. The firm has a 50 day simple moving average of $98.48 and a 200 day simple moving average of $95.43. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.28 by $0.09. The business had revenue of $6.96 billion during 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%. The firm's quarterly revenue was down 15.7% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. Research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, November 12th. PACCAR's dividend payout ratio (DPR) is currently 22.60%.

Insider Activity at PACCAR

In related news, CFO Brice J. Poplawski sold 5,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Preston Feight sold 39,965 shares of the firm's stock in a transaction that occurred on 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 directly owned 223,190 shares in the company, valued at approximately $22,211,868.80. The trade was 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 company 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.

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