PACCAR Inc. $PCAR Stock: Inspire Investing LLC Boosts Holdings

Key Points

• Inspire Investing increased its PACCAR stake by 14.4% in the third quarter, bringing its holdings to 105,303 shares valued at approximately $11.6 million. Institutional investors collectively own 64.9% of the company.
• PACCAR reported quarterly EPS of $1.43, exceeding estimates of $1.36, while revenue reached $7.55 billion and rose 0.5% year over year.
• The company declared a quarterly dividend of $0.35, equivalent to $1.40 annually and a 1.3% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $133.88, while insiders have sold more than 56,800 shares over the past three months.

Inspire Investing LLC raised its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,303 shares of the company's stock after purchasing an additional 13,282 shares during the quarter. Inspire Investing LLC's holdings in PACCAR were worth $11,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Paladin Partners LLC acquired a new stake in PACCAR during the second quarter worth about $27,000. Fiduciary Financial Advisors purchased a new position in PACCAR during the second quarter valued at approximately $28,000. Compass Financial Management LLC purchased a new position in PACCAR during the second quarter valued at approximately $28,000. Continuum Advisory LLC acquired a new position in PACCAR in the second quarter valued at approximately $29,000. Finally, EFG International AG acquired a new position in PACCAR in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Stock Down 2.4%

NASDAQ PCAR opened at $106.96 on Friday. The business has a fifty day moving average price of $117.32 and a 200 day moving average price of $120.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12. The company has a market cap of $56.30 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.26 and a beta of 0.98. PACCAR Inc. has a one year low of $93.86 and a one year high of $139.24.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.07. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The company had revenue of $7.55 billion for the quarter, compared to analysts' expectations of $7.05 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. Research analysts anticipate that PACCAR Inc. will post 5.91 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 11th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 10th. PACCAR's dividend payout ratio (DPR) is currently 29.41%.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of PACCAR in a research note on Tuesday, August 18th. Citigroup cut their target price on shares of PACCAR from $140.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, October 12th. Sanford C. Bernstein reissued an "outperform" rating and set a $148.00 price target (up from $142.00) on shares of PACCAR in a report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of PACCAR from $164.00 to $142.00 and set an "overweight" rating on the stock in a report on Thursday, October 8th. Finally, Morgan Stanley set a $125.00 price target on shares of PACCAR and gave the company an "equal weight" rating in a research report on Friday, September 4th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, PACCAR has a consensus rating of "Hold" and an average target price of $133.88.

Insider Buying and Selling at PACCAR

In related news, VP Paulo Henrique Bolgar sold 2,897 shares of the company's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $133.90, for a total transaction of $387,908.30. Following the completion of the sale, the vice president owned 3,831 shares of the company's stock, valued at approximately $512,970.90. This represents a 43.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brice J. Poplawski sold 1,970 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $132.50, for a total transaction of $261,025.00. Following the completion of the sale, the chief financial officer owned 1,391 shares of the company's stock, valued at approximately $184,307.50. The trade was a 58.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 56,842 shares of company stock valued at $7,565,677. Corporate insiders own 1.99% of the company's stock.

PACCAR Profile

PACCAR Inc NASDAQ: PCAR is a global manufacturer of heavy- and medium-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company produces vehicles used for long-haul transportation, construction, distribution and other commercial applications. PACCAR also manufactures PACCAR-branded engines and provides related parts and aftermarket support.

The company's operations extend across North America, Europe, South America, Australia and other international markets. In addition to truck manufacturing, PACCAR operates a worldwide parts distribution network and offers financial services, including retail financing and leasing for trucks and related equipment.

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