PACCAR Inc (NASDAQ:PCAR) is Applied Capital LLC FL’s 9th Largest Position

Applied Capital LLC FL boosted its position in shares of PACCAR Inc (NASDAQ:PCAR) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,080 shares of the company’s stock after buying an additional 458 shares during the quarter. PACCAR accounts for approximately 2.5% of Applied Capital LLC FL’s investment portfolio, making the stock its 9th largest position. Applied Capital LLC FL’s holdings in PACCAR were worth $3,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of PCAR. Riverview Trust Co bought a new stake in shares of PACCAR during the first quarter worth $29,000. Rise Advisors LLC bought a new stake in shares of PACCAR in the first quarter valued at about $31,000. AdvisorNet Financial Inc raised its holdings in shares of PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after acquiring an additional 181 shares in the last quarter. ORG Partners LLC raised its holdings in shares of PACCAR by 6,200.0% in the fourth quarter. ORG Partners LLC now owns 378 shares of the company’s stock valued at $37,000 after acquiring an additional 372 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of PACCAR in the fourth quarter valued at about $37,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Stock Performance

NASDAQ:PCAR traded down $0.67 during trading hours on Tuesday, reaching $101.17. The company had a trading volume of 1,514,676 shares, compared to its average volume of 2,529,415. PACCAR Inc has a 1-year low of $80.91 and a 1-year high of $125.50. The firm has a market cap of $53.03 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92. The business’s 50 day moving average price is $107.60 and its 200-day moving average price is $107.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.73 and a quick ratio of 2.49.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, April 30th. The company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.25 billion. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.25 EPS. Research analysts forecast that PACCAR Inc will post 8.35 EPS for the current year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.19%. This is an increase from PACCAR’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, May 14th. PACCAR’s dividend payout ratio is presently 12.45%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PCAR. StockNews.com lowered PACCAR from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Raymond James began coverage on PACCAR in a research note on Friday. They issued a “market perform” rating on the stock. The Goldman Sachs Group lifted their target price on PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Royal Bank of Canada initiated coverage on PACCAR in a research note on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on PACCAR from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.92.

Insider Transactions at PACCAR

In related news, VP Michael K. Walton sold 9,123 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.11, for a total value of $958,918.53. Following the completion of the transaction, the vice president now directly owns 1,468 shares of the company’s stock, valued at approximately $154,301.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Michael K. Walton sold 9,123 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.11, for a total value of $958,918.53. Following the completion of the transaction, the vice president now directly owns 1,468 shares of the company’s stock, valued at approximately $154,301.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Brice J. Poplawski sold 2,067 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $109.40, for a total value of $226,129.80. The disclosure for this sale can be found here. Insiders sold a total of 45,040 shares of company stock valued at $4,779,241 in the last three months. 2.02% of the stock is currently owned by company insiders.

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.