Mcdaniel Terry & Co. Acquires 2,559 Shares of PACCAR Inc (NASDAQ:PCAR)

Mcdaniel Terry & Co. raised its holdings in PACCAR Inc (NASDAQ:PCAR) by 0.7% during the third quarter, HoldingsChannel.com reports. The firm owned 385,745 shares of the company’s stock after buying an additional 2,559 shares during the period. PACCAR makes up about 3.2% of Mcdaniel Terry & Co.’s portfolio, making the stock its 9th biggest holding. Mcdaniel Terry & Co.’s holdings in PACCAR were worth $38,065,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Bogart Wealth LLC raised its position in shares of PACCAR by 21.7% in the 3rd quarter. Bogart Wealth LLC now owns 140,098 shares of the company’s stock valued at $13,825,000 after purchasing an additional 24,938 shares in the last quarter. Pinnacle West Asset Management Inc. increased its holdings in shares of PACCAR by 11.6% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 5,060 shares of the company’s stock valued at $499,000 after acquiring an additional 525 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in shares of PACCAR by 27.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 8,690 shares of the company’s stock valued at $858,000 after acquiring an additional 1,883 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of PACCAR by 0.7% in the 3rd quarter. Brighton Jones LLC now owns 88,711 shares of the company’s stock valued at $8,754,000 after acquiring an additional 586 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of PACCAR by 7,540.3% in the 3rd quarter. International Assets Investment Management LLC now owns 289,034 shares of the company’s stock valued at $28,522,000 after acquiring an additional 285,251 shares during the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Trading Up 1.0 %

NASDAQ:PCAR opened at $104.84 on Friday. PACCAR Inc has a 1 year low of $80.94 and a 1 year high of $125.50. The stock has a market cap of $54.96 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.62 and a beta of 0.91. The business has a fifty day moving average of $98.98 and a 200-day moving average of $103.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.54 and a current ratio of 1.91.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The company had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the prior year, the business posted $2.34 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities analysts predict that PACCAR Inc will post 8.07 earnings per share for the current year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.14%. PACCAR’s payout ratio is 13.41%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PCAR. JPMorgan Chase & Co. lowered their price target on PACCAR from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday. Raymond James began coverage on PACCAR in a report on Friday, June 28th. They issued a “market perform” rating for the company. Morgan Stanley lowered their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday. Truist Financial boosted their price target on PACCAR from $103.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on PACCAR from $121.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, PACCAR presently has an average rating of “Hold” and a consensus target price of $114.18.

Insider Transactions at PACCAR

In other news, CEO R Preston Feight sold 27,834 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $98.70, for a total value of $2,747,215.80. Following the completion of the transaction, the chief executive officer now owns 162,782 shares of the company’s stock, valued at approximately $16,066,583.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.02% of the company’s stock.

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.