Applied Capital LLC FL Grows Position in PACCAR Inc (NASDAQ:PCAR)

Applied Capital LLC FL grew its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 48.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,871 shares of the company’s stock after buying an additional 8,402 shares during the period. PACCAR accounts for 1.9% of Applied Capital LLC FL’s investment portfolio, making the stock its 22nd biggest position. Applied Capital LLC FL’s holdings in PACCAR were worth $1,894,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of PCAR. Richard Bernstein Advisors LLC raised its holdings in PACCAR by 50.0% in the 1st quarter. Richard Bernstein Advisors LLC now owns 52,190 shares of the company’s stock valued at $3,820,000 after acquiring an additional 17,396 shares during the last quarter. Bleakley Financial Group LLC increased its stake in PACCAR by 60.0% in the first quarter. Bleakley Financial Group LLC now owns 9,101 shares of the company’s stock valued at $666,000 after purchasing an additional 3,413 shares during the last quarter. MML Investors Services LLC lifted its position in PACCAR by 39.5% during the first quarter. MML Investors Services LLC now owns 31,402 shares of the company’s stock worth $2,299,000 after buying an additional 8,888 shares during the period. BNP Paribas Arbitrage SNC boosted its stake in PACCAR by 20.0% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 151,476 shares of the company’s stock worth $11,088,000 after buying an additional 25,250 shares during the last quarter. Finally, Harbour Investment Management LLC grew its holdings in PACCAR by 47.9% in the 1st quarter. Harbour Investment Management LLC now owns 58,258 shares of the company’s stock valued at $4,264,000 after buying an additional 18,871 shares during the period. Hedge funds and other institutional investors own 65.68% of the company’s stock.

PACCAR Stock Up 0.5 %

Shares of PCAR stock traded up $0.40 on Wednesday, hitting $82.06. The stock had a trading volume of 609,958 shares, compared to its average volume of 2,848,458. The firm has a market capitalization of $42.90 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 0.98 and a beta of 0.96. The stock’s 50 day moving average is $84.92 and its 200-day moving average is $75.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.32 and a current ratio of 2.57. PACCAR Inc has a 52-week low of $54.64 and a 52-week high of $90.05.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.15. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.31 billion. PACCAR had a net margin of 11.20% and a return on equity of 29.75%. The firm’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 EPS. As a group, research analysts expect that PACCAR Inc will post 8.54 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. This is an increase from PACCAR’s previous quarterly dividend of $0.25. PACCAR’s dividend payout ratio is currently 15.51%.

Insider Activity at PACCAR

In other news, VP Todd R. Hubbard sold 6,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $85.19, for a total transaction of $511,140.00. Following the completion of the transaction, the vice president now directly owns 3,230 shares in the company, valued at approximately $275,163.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Harrie Schippers sold 24,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $86.07, for a total transaction of $2,065,680.00. Following the transaction, the chief financial officer now owns 93,522 shares of the company’s stock, valued at $8,049,438.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Todd R. Hubbard sold 6,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $85.19, for a total transaction of $511,140.00. Following the transaction, the vice president now directly owns 3,230 shares in the company, valued at approximately $275,163.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,059 shares of company stock valued at $7,401,818. Insiders own 2.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PCAR. Jefferies Financial Group raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. Raymond James lifted their price target on shares of PACCAR from $90.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, July 20th. Credit Suisse Group boosted their price target on PACCAR from $84.00 to $90.00 in a research report on Wednesday, July 26th. StockNews.com initiated coverage on PACCAR in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, Citigroup boosted their target price on PACCAR from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PACCAR currently has an average rating of “Hold” and an average price target of $74.57.

PACCAR Profile

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.