J.W. Cole Advisors Inc. Decreases Stake in PACCAR Inc (NASDAQ:PCAR)

J.W. Cole Advisors Inc. lessened its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,752 shares of the company’s stock after selling 183 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in PACCAR were worth $1,416,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Jump Financial LLC grew its stake in PACCAR by 12.9% during the 4th quarter. Jump Financial LLC now owns 3,984 shares of the company’s stock valued at $389,000 after acquiring an additional 456 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of PACCAR by 6.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 13,797 shares of the company’s stock valued at $1,347,000 after purchasing an additional 858 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of PACCAR by 3.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,734 shares of the company’s stock valued at $4,954,000 after purchasing an additional 1,893 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in PACCAR by 6.3% during the fourth quarter. Foundations Investment Advisors LLC now owns 3,104 shares of the company’s stock worth $317,000 after buying an additional 183 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in PACCAR by 3.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,223 shares of the company’s stock worth $315,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insider Buying and Selling at PACCAR

In other news, CEO R Preston Feight sold 27,834 shares of PACCAR stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $98.70, for a total transaction of $2,747,215.80. Following the sale, the chief executive officer now owns 162,782 shares in the company, valued at $16,066,583.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.02% of the stock is currently owned by insiders.

PACCAR Stock Up 0.1 %

PCAR stock opened at $95.12 on Monday. PACCAR Inc has a fifty-two week low of $80.94 and a fifty-two week high of $125.50. The company’s 50 day moving average price is $97.40 and its 200 day moving average price is $106.63. The firm has a market capitalization of $49.86 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.54 and a current ratio of 2.78.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.01). PACCAR had a net margin of 14.07% and a return on equity of 29.87%. The business had revenue of $8.26 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. On average, equities research analysts anticipate that PACCAR Inc will post 8.08 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, November 13th. PACCAR’s dividend payout ratio (DPR) is 12.45%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PCAR shares. Evercore ISI dropped their price objective on shares of PACCAR from $109.00 to $99.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft dropped 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. StockNews.com raised PACCAR from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. dropped their target price on PACCAR from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, Truist Financial reduced their price target on shares of PACCAR from $115.00 to $107.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $112.73.

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.