Leeward Financial Partners LLC Buys 4,038 Shares of PACCAR Inc. (NASDAQ:PCAR)

Key Points

• Leeward Financial Partners LLC increased its stake in PACCAR Inc. by 25.3%, acquiring an additional 4,038 shares in the first quarter, bringing their total holdings to 19,973 shares valued at approximately $1.95 million.
• PACCAR's CEO, R. Preston Feight, sold 39,965 shares, resulting in a 15.19% decrease in his ownership, while CFO Brice J. Poplawski sold 5,000 shares, decreasing his ownership by 91.44%.
• PACCAR is set to pay a quarterly dividend of $0.33 per share on September 4th, with an annualized yield of 1.3% and a current dividend payout ratio of 22.6%.

Leeward Financial Partners LLC increased its stake in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 25.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,973 shares of the company's stock after buying an additional 4,038 shares during the period. Leeward Financial Partners LLC's holdings in PACCAR were worth $1,945,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PCAR. Brighton Jones LLC boosted its holdings in shares of PACCAR by 0.3% during the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock worth $9,258,000 after buying an additional 290 shares during the period. World Investment Advisors boosted its holdings in shares of PACCAR by 5.8% during the 4th quarter. World Investment Advisors now owns 4,490 shares of the company's stock worth $467,000 after buying an additional 246 shares during the period. FMR LLC boosted its holdings in PACCAR by 1.9% in the 4th quarter. FMR LLC now owns 8,791,660 shares of the company's stock valued at $914,509,000 after purchasing an additional 167,165 shares during the period. Bank of Montreal Can boosted its holdings in PACCAR by 9.9% in the 4th quarter. Bank of Montreal Can now owns 622,795 shares of the company's stock valued at $64,783,000 after purchasing an additional 55,962 shares during the period. Finally, Applied Finance Capital Management LLC boosted its holdings in PACCAR by 9.3% in the 4th quarter. Applied Finance Capital Management LLC now owns 17,264 shares of the company's stock valued at $1,796,000 after purchasing an additional 1,464 shares during the period. Institutional investors own 64.90% of the company's stock.

Insider Buying and Selling

In related news, CEO R Preston Feight sold 39,965 shares of the company'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 completion of the transaction, the chief executive officer directly owned 223,190 shares in the company, valued at $22,211,868.80. This represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brice J. Poplawski sold 5,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was 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 represents a 91.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.02% of the stock is owned by corporate insiders.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $98.20 on Wednesday. The firm has a 50 day moving average of $95.54 and a 200-day moving average of $97.76. The stock has a market capitalization of $51.56 billion, a PE ratio of 16.82, a PEG ratio of 3.84 and a beta of 0.91. The company has a current ratio of 3.02, a quick ratio of 2.80 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 - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. The company 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 business's revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 EPS. On average, equities research analysts predict that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 14th. PACCAR's dividend payout ratio is currently 22.60%.

Analyst Ratings Changes

PCAR has been the subject of a number of recent research reports. UBS Group raised shares of PACCAR from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $81.00 to $100.00 in a report on Wednesday, July 23rd. Wall Street Zen raised shares of PACCAR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Evercore ISI cut their price objective on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Royal Bank Of Canada cut their price objective on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley downgraded shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, PACCAR has a consensus rating of "Moderate Buy" and an average target price of $107.77.

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.

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