PACCAR Inc. $PCAR Shares Sold by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. reduced its holdings in PACCAR Inc. by 3.6%, selling 5,959 shares to hold a total of 157,353 shares valued at approximately $14.96 million.
• CEO R. Preston Feight sold 39,965 shares at an average price of $99.52, representing a 15.19% decrease in his holdings, while CFO Brice J. Poplawski sold 5,000 shares, decreasing his position by 91.44%.
• Diverse analysts have upgraded PACCAR's stock ratings, with Argus setting a price target of $121.00 and suggesting a “buy” stance, while others maintain a "Moderate Buy" average rating with a price target of $106.59.

D.A. Davidson & CO. decreased its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 157,353 shares of the company's stock after selling 5,959 shares during the quarter. D.A. Davidson & CO.'s holdings in PACCAR were worth $14,958,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. lifted its stake in shares of PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company's stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of PACCAR in the first quarter worth about $29,000. Bayforest Capital Ltd lifted its stake in shares of PACCAR by 234.2% in the first quarter. Bayforest Capital Ltd now owns 391 shares of the company's stock worth $38,000 after acquiring an additional 274 shares in the last quarter. Accent Capital Management LLC acquired a new position in shares of PACCAR in the first quarter worth about $40,000. Finally, JFS Wealth Advisors LLC lifted its stake in shares of PACCAR by 64.9% in the first quarter. JFS Wealth Advisors LLC now owns 442 shares of the company's stock worth $43,000 after acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Activity

In other PACCAR 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 completion of the transaction, the chief executive officer owned 223,190 shares in the company, valued at approximately $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 at this link. Also, CFO Brice J. Poplawski sold 5,000 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $100.94, for a total transaction of $504,700.00. Following the completion of 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 position. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Raymond James Financial reiterated a "market perform" rating on shares of PACCAR in a research note on Tuesday. Argus upgraded PACCAR from a "hold" rating to a "buy" rating and set a $121.00 price objective on the stock in a research note on Monday, July 28th. Wolfe Research upgraded PACCAR from an "underperform" rating to a "peer perform" rating in a research note on Wednesday. Vertical Research upgraded PACCAR to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, UBS Group set a $103.00 price objective on PACCAR and gave the company a "neutral" rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $106.59.

PACCAR Trading Down 0.1%

Shares of NASDAQ PCAR opened at $99.80 on Thursday. PACCAR Inc. has a 12-month low of $84.65 and a 12-month high of $118.81. The company has a market cap of $52.40 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 4.10 and a beta of 0.94. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.57. The stock's 50 day simple moving average is $98.48 and its 200 day simple moving average is $95.54.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.23 billion. PACCAR had a return on equity of 16.28% and a net margin of 9.11%.PACCAR's quarterly revenue was down 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 earnings per share. Equities research analysts expect that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be given a $0.33 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.32 annualized dividend and a yield of 1.3%. PACCAR's dividend payout ratio (DPR) is currently 25.83%.

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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