PACCAR Inc. $PCAR is Clarius Group LLC's Largest Position

Key Points

• Clarius Group LLC increased its stake in PACCAR Inc. by 4.2% during the second quarter, making PACCAR its largest position at approximately 13.4% of its holdings.
• PACCAR's CFO and CEO both sold shares recently, with the CFO selling 5,000 shares and the CEO selling 39,965 shares, reflecting a decrease in their ownership stakes.
• Analysts’ price targets for PACCAR range from $100.00 to $121.00, with the stock currently holding an average rating of "Moderate Buy" and a price target of $107.68.

Clarius Group LLC increased its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 4.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,426,220 shares of the company's stock after purchasing an additional 96,841 shares during the period. PACCAR makes up about 13.4% of Clarius Group LLC's holdings, making the stock its biggest holding. Clarius Group LLC owned approximately 0.46% of PACCAR worth $230,636,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Farmers & Merchants Investments Inc. boosted its position in PACCAR by 33.1% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock valued at $45,000 after buying an additional 116 shares during the period. RMR Wealth Builders boosted its position in PACCAR by 1.4% during the 1st quarter. RMR Wealth Builders now owns 8,713 shares of the company's stock valued at $848,000 after buying an additional 122 shares during the period. Applied Capital LLC FL boosted its position in PACCAR by 0.5% during the 1st quarter. Applied Capital LLC FL now owns 25,210 shares of the company's stock valued at $2,455,000 after buying an additional 124 shares during the period. Oregon Public Employees Retirement Fund boosted its position in PACCAR by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 45,087 shares of the company's stock valued at $4,390,000 after buying an additional 130 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in PACCAR by 5.9% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,341 shares of the company's stock valued at $228,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Transactions at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 5,000 shares of the firm'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 completion of the sale, the chief financial officer directly owned 468 shares in the company, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R Preston Feight sold 39,965 shares of PACCAR stock in a transaction that occurred on Tuesday, July 29th. The stock was 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 of the company's stock, valued at $22,211,868.80. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on PCAR. Citigroup increased their price target 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. Evercore ISI set a $114.00 price target on shares of PACCAR and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Argus raised shares of PACCAR from a "hold" rating to a "buy" rating and set a $121.00 price target for the company in a research report on Monday, July 28th. Wall Street Zen raised shares of PACCAR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of PACCAR in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $107.68.

PACCAR Stock Down 1.0%

NASDAQ:PCAR opened at $98.09 on Friday. The firm has a market cap of $51.51 billion, a P/E ratio of 16.80, a P/E/G ratio of 3.98 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.80 and a current ratio of 3.02. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The firm has a 50-day simple moving average of $99.03 and a two-hundred day simple moving average of $95.62.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $2.13 EPS. Analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The company also recently disclosed 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. This represents a $1.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, November 12th. PACCAR's dividend payout ratio (DPR) is currently 22.60%.

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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