2,019 Shares in PACCAR Inc (NASDAQ:PCAR) Purchased by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. purchased a new position in PACCAR Inc (NASDAQ:PCAR) during the third quarter, HoldingsChannel reports. The firm purchased 2,019 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new position in PACCAR in the 2nd quarter worth about $26,000. New Covenant Trust Company N.A. purchased a new position in PACCAR in the 1st quarter worth about $27,000. Meeder Asset Management Inc. raised its position in PACCAR by 269.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock worth $29,000 after buying an additional 205 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in PACCAR in the 2nd quarter worth about $36,000. Finally, Fortitude Family Office LLC increased its position in shares of PACCAR by 200.0% during the 2nd quarter. Fortitude Family Office LLC now owns 366 shares of the company’s stock valued at $38,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $119.00 price target on shares of PACCAR in a research report on Monday, November 4th. BNP Paribas raised shares of PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Citigroup increased their target price on shares of PACCAR from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Morgan Stanley reduced their target price on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Evercore ISI raised shares of PACCAR from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $99.00 to $129.00 in a report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, PACCAR has a consensus rating of “Hold” and an average target price of $117.64.

Insider Buying and Selling

In related news, CFO Harrie Schippers sold 20,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $106.93, for a total value of $2,138,600.00. Following the completion of the sale, the chief financial officer now directly owns 105,558 shares in the company, valued at $11,287,316.94. This trade represents a 15.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R Preston Feight sold 27,191 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $103.52, for a total value of $2,814,812.32. Following the completion of the sale, the chief executive officer now owns 171,776 shares of the company’s stock, valued at approximately $17,782,251.52. This represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,315 shares of company stock worth $6,358,552 over the last three months. 2.02% of the stock is owned by insiders.

PACCAR Stock Down 0.6 %

NASDAQ PCAR opened at $115.82 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. The company has a market capitalization of $60.72 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.83 and a beta of 0.89. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50. The stock has a 50 day moving average price of $106.55 and a 200-day moving average price of $103.09.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. The firm had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.34 EPS. As a group, equities analysts predict that PACCAR Inc will post 7.98 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be given a $0.30 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.04%. PACCAR’s dividend payout ratio is presently 13.41%.

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.