4,505 Shares in PACCAR Inc (NASDAQ:PCAR) Bought by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new position in shares of PACCAR Inc (NASDAQ:PCARGet Rating) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,505 shares of the company’s stock, valued at approximately $371,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PCAR. Keybank National Association OH boosted its holdings in PACCAR by 0.9% in the first quarter. Keybank National Association OH now owns 13,862 shares of the company’s stock valued at $1,221,000 after acquiring an additional 119 shares during the last quarter. Waldron Private Wealth LLC increased its position in shares of PACCAR by 4.8% during the first quarter. Waldron Private Wealth LLC now owns 2,619 shares of the company’s stock worth $230,000 after buying an additional 119 shares during the period. Penserra Capital Management LLC increased its position in shares of PACCAR by 8.2% during the first quarter. Penserra Capital Management LLC now owns 1,653 shares of the company’s stock worth $145,000 after buying an additional 125 shares during the period. Dupont Capital Management Corp raised its stake in PACCAR by 1.4% during the first quarter. Dupont Capital Management Corp now owns 9,809 shares of the company’s stock worth $864,000 after buying an additional 133 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its position in PACCAR by 1.0% during the first quarter. McIlrath & Eck LLC now owns 13,675 shares of the company’s stock valued at $1,204,000 after acquiring an additional 138 shares during the last quarter. 64.17% of the stock is owned by institutional investors and hedge funds.

PACCAR Stock Performance

Shares of PACCAR stock opened at $87.29 on Tuesday. PACCAR Inc has a 52 week low of $77.00 and a 52 week high of $97.56. The company has a quick ratio of 2.36, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $88.20 and a 200-day moving average price of $86.19. The company has a market cap of $30.35 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.10 and a beta of 0.89.

PACCAR (NASDAQ:PCARGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.26. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.57 billion. PACCAR had a return on equity of 18.64% and a net margin of 8.68%. PACCAR’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 EPS. Equities analysts anticipate that PACCAR Inc will post 7.73 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Tuesday, November 15th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.70%. This is an increase from PACCAR’s previous quarterly dividend of $0.34. The ex-dividend date is Monday, November 14th. PACCAR’s dividend payout ratio is presently 21.45%.

Insider Buying and Selling at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $91.50, for a total value of $183,000.00. Following the transaction, the vice president now owns 2,119 shares in the company, valued at approximately $193,888.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PCAR shares. Cowen lowered their price objective on PACCAR from $100.00 to $92.00 in a research report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PACCAR from $94.00 to $97.00 in a research report on Wednesday, July 27th. JPMorgan Chase & Co. dropped their target price on shares of PACCAR from $106.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Vertical Research cut shares of PACCAR from a “buy” rating to a “hold” rating and raised their price target for the stock from $100.00 to $102.00 in a report on Wednesday, August 17th. Finally, Cowen dropped their price objective on shares of PACCAR from $100.00 to $92.00 in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, PACCAR presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.21.

About PACCAR

(Get Rating)

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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