MBB Public Markets I LLC Purchases Shares of 3,141 PACCAR Inc. $PCAR

Key Points

• MBB Public Markets I LLC purchased 3,141 shares of PACCAR Inc. valued at approximately $306,000 in the first quarter.
• A variety of institutional investors increasing their stakes in PACCAR led to 64.90% of the stock now being owned by such investors.
• PACCAR announced a quarterly dividend of $0.33 per share to be paid on December 3rd, with a current dividend yield of 1.3%.

MBB Public Markets I LLC purchased a new stake in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,141 shares of the company's stock, valued at approximately $306,000.

A number of other institutional investors have also made changes to their positions in PCAR. Brighton Jones LLC increased its position in shares of PACCAR by 0.3% during the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock valued at $9,258,000 after acquiring an additional 290 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of PACCAR by 20.2% in the fourth quarter. Cetera Investment Advisers now owns 44,075 shares of the company's stock valued at $4,585,000 after purchasing an additional 7,420 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of PACCAR by 112.3% in the fourth quarter. CoreCap Advisors LLC now owns 998 shares of the company's stock valued at $104,000 after purchasing an additional 528 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of PACCAR by 11.8% in the fourth quarter. Focus Partners Wealth now owns 11,792 shares of the company's stock valued at $1,227,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of PACCAR by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 66,713 shares of the company's stock valued at $6,938,000 after purchasing an additional 1,202 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on PCAR shares. Vertical Research upgraded shares of PACCAR to a "strong-buy" rating in a report on Wednesday, July 23rd. Citigroup lifted their price objective on shares of PACCAR from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, June 24th. UBS Group upgraded shares of PACCAR from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $81.00 to $100.00 in a report on Wednesday, July 23rd. Evercore ISI set a $114.00 price objective on shares of PACCAR and gave the company an "outperform" rating in a report on Tuesday, August 19th. 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, four have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $107.68.

PACCAR Stock Up 1.2%

Shares of PACCAR stock opened at $98.66 on Thursday. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $118.81. The company has a 50 day moving average of $98.29 and a 200 day moving average of $96.22. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $51.81 billion, a P/E ratio of 16.89, a P/E/G ratio of 3.92 and a beta of 0.94.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued 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. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. The firm's quarterly revenue was down 15.7% on a year-over-year basis. As a group, research analysts forecast that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

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

Insider Activity at PACCAR

In other news, CEO R Preston Feight sold 39,965 shares of the business'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 sale, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brice J. Poplawski sold 5,000 shares of the business'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 sale, the chief financial officer owned 468 shares of the company's stock, valued at $47,239.92. This represents a 91.44% decrease in their position. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by insiders.

PACCAR 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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