3,000 Shares in PACCAR Inc. $PCAR Purchased by Zuckerman Investment Group LLC

Key Points

• Zuckerman Investment Group LLC has invested approximately $292,000 in PACCAR Inc., acquiring 3,000 shares of the company in the first quarter.
• PACCAR's recent earnings report showed $1.37 EPS, exceeding analysts' expectations, despite a 15.7% year-over-year decline in quarterly revenue to $6.96 billion.
• The company announced a quarterly dividend of $0.33, with an ex-dividend date of August 14th, representing a 1.3% dividend yield.

Zuckerman Investment Group LLC bought a new stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,000 shares of the company's stock, valued at approximately $292,000.

A number of other institutional investors have also modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. grew its holdings in PACCAR by 666.7% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock valued at $27,000 after purchasing an additional 240 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in PACCAR during the first quarter worth about $29,000. Sunbelt Securities Inc. lifted its position in PACCAR by 8,750.0% during the fourth quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after buying an additional 350 shares during the period. Bayforest Capital Ltd lifted its position in PACCAR by 234.2% during the first quarter. Bayforest Capital Ltd now owns 391 shares of the company's stock worth $38,000 after buying an additional 274 shares during the period. Finally, Accent Capital Management LLC purchased a new position in PACCAR during the first quarter worth about $40,000. Institutional investors and hedge funds own 64.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PCAR shares. Royal Bank Of Canada reduced their target price on PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Evercore ISI set a $114.00 price objective on PACCAR and gave the stock an "outperform" rating in a report on Tuesday, August 19th. UBS Group upgraded PACCAR from a "sell" rating to a "neutral" rating and raised their price objective for the company from $81.00 to $100.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on PACCAR from $95.00 to $97.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, Vertical Research raised PACCAR to a "strong-buy" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $107.68.

PACCAR Trading Down 0.7%

Shares of PCAR traded down $0.70 during trading hours on Friday, reaching $99.98. The stock had a trading volume of 2,225,815 shares, compared to its average volume of 2,196,502. The firm has a 50-day moving average of $97.62 and a 200 day moving average of $96.66. The company has a market cap of $52.50 billion, a P/E ratio of 17.12, a P/E/G ratio of 4.04 and a beta of 0.91. 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 Inc. has a 52 week low of $84.65 and a 52 week high of $118.81.

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

PACCAR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.32 annualized dividend and a yield of 1.3%. PACCAR's dividend payout ratio (DPR) is 22.60%.

Insider Activity

In other news, CEO R Preston Feight sold 39,965 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 223,190 shares in the company, valued at approximately $22,211,868.80. The trade was a 15.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brice J. Poplawski sold 5,000 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $100.94, for a total value of $504,700.00. Following the sale, the chief financial officer owned 468 shares of the company's stock, valued at approximately $47,239.92. This represents a 91.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.02% of the company's stock.

PACCAR 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.