Coppell Advisory Solutions LLC Has $1.29 Million Stake in PACCAR Inc. $PCAR

Key Points

• Coppell Advisory Solutions LLC significantly increased its stake in PACCAR Inc. by 1,314.8%, holding 13,200 shares valued at $1,285,000 at the end of the first quarter.
• PACCAR's CFO and CEO sold substantial shares of their stock, with the CFO reducing his holdings by 91.44% and the CEO decreasing his by 15.19%.
• Despite a decline in year-over-year revenue of 15.7%, PACCAR reported earnings of $1.37 per share, surpassing analyst estimates.

Coppell Advisory Solutions LLC raised its stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 1,314.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,200 shares of the company's stock after purchasing an additional 12,267 shares during the period. Coppell Advisory Solutions LLC's holdings in PACCAR were worth $1,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. grew its stake in shares of PACCAR by 33.1% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock worth $45,000 after purchasing an additional 116 shares during the last quarter. RMR Wealth Builders boosted its holdings in shares of PACCAR by 1.4% in the first quarter. RMR Wealth Builders now owns 8,713 shares of the company's stock worth $848,000 after buying an additional 122 shares during the period. Applied Capital LLC FL boosted its holdings in shares of PACCAR by 0.5% in the first quarter. Applied Capital LLC FL now owns 25,210 shares of the company's stock worth $2,455,000 after buying an additional 124 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of PACCAR by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 45,087 shares of the company's stock worth $4,390,000 after buying an additional 130 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of PACCAR by 5.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,341 shares of the company's stock worth $228,000 after buying an additional 130 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Stock Performance

Shares of PCAR stock traded up $0.75 during trading hours on Friday, reaching $102.51. 3,809,653 shares of the company's stock were exchanged, compared to its average volume of 2,826,445. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The stock has a market capitalization of $53.83 billion, a P/E ratio of 17.55, a P/E/G ratio of 3.96 and a beta of 0.94. The business has a fifty day moving average price of $98.38 and a 200-day moving average price of $96.19. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.57.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.09. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $7.02 billion. During the same period in the previous year, the company earned $2.13 earnings per share. The company's quarterly revenue was down 15.7% compared to the same quarter last year. Analysts predict that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

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

Wall Street Analyst Weigh In

PCAR has been the subject of a number of research analyst reports. 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. Truist Financial reduced their price target on shares of PACCAR from $102.00 to $98.00 and set a "hold" rating for the company in a research report on Wednesday, July 23rd. Evercore ISI set a $114.00 price target on shares of PACCAR and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Citigroup increased their price objective on PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, June 24th. Finally, Wall Street Zen upgraded PACCAR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $107.68.

Insider Buying and Selling

In related news, CEO R Preston Feight sold 39,965 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.52, for a total value of $3,977,316.80. Following the sale, the chief executive officer owned 223,190 shares of the company's stock, valued at $22,211,868.80. The trade was a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brice J. Poplawski sold 5,000 shares of the company'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. The trade was a 91.44% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.02% of the company's stock.

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.