PACCAR Inc. $PCAR Stock Holdings Lessened by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR significantly reduced its stake in PACCAR Inc. by 59.6%, holding 18,312 shares valued at approximately $1.74 million after selling 27,057 shares in the second quarter.
• CEO R Preston Feight sold 39,965 shares of PACCAR stock for nearly $4 million, resulting in a 15.19% decrease in ownership, while CFO Brice J. Poplawski also reduced their stake by 91.44%.
• PACCAR announced a quarterly dividend of $0.33 per share, with a dividend yield of 1.4% and a payout ratio of 22.60%, to be distributed on December 3rd.

Generali Asset Management SPA SGR trimmed its stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 59.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,312 shares of the company's stock after selling 27,057 shares during the quarter. Generali Asset Management SPA SGR's holdings in PACCAR were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PCAR. E Fund Management Hong Kong Co. Ltd. raised its position in PACCAR by 666.7% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock valued at $27,000 after acquiring an additional 240 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in PACCAR by 53.8% during the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company's stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Alpine Bank Wealth Management bought a new position in PACCAR during the first quarter valued at approximately $29,000. Bayforest Capital Ltd raised its position in PACCAR by 234.2% during the first quarter. Bayforest Capital Ltd now owns 391 shares of the company's stock valued at $38,000 after acquiring an additional 274 shares in the last quarter. Finally, Accent Capital Management LLC bought a new position in PACCAR during the first quarter valued at approximately $40,000. Institutional investors own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In other news, CEO R Preston Feight sold 39,965 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $22,211,868.80. This trade represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brice J. Poplawski sold 5,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer 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. Company insiders own 2.02% of the company's stock.

PACCAR Trading Down 0.5%

Shares of PCAR stock opened at $94.69 on Friday. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81. 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 business's 50 day moving average is $98.48 and its two-hundred day moving average is $95.44. The company has a market cap of $49.72 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 3.89 and a beta of 0.94.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.02 billion. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. PACCAR's quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the company posted $2.13 earnings per share. Equities analysts predict that PACCAR Inc. will post 7.57 EPS for the current 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 paid a $0.33 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.4%. PACCAR's dividend payout ratio (DPR) is presently 22.60%.

Wall Street Analysts Forecast Growth

PCAR has been the topic of several recent research reports. Argus raised shares of PACCAR from a "hold" rating to a "buy" rating and set a $121.00 price objective on the stock 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. Vertical Research raised shares of PACCAR to a "strong-buy" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on PACCAR from $97.00 to $103.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of PACCAR in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $108.14.

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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