Global Retirement Partners LLC Has $550,000 Stock Position in PACCAR Inc (NASDAQ:PCAR)

Global Retirement Partners LLC raised its position in PACCAR Inc (NASDAQ:PCAR) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,573 shares of the company’s stock after buying an additional 241 shares during the period. Global Retirement Partners LLC’s holdings in PACCAR were worth $550,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC increased its stake in shares of PACCAR by 3.8% in the first quarter. Miracle Mile Advisors LLC now owns 2,480 shares of the company’s stock valued at $307,000 after buying an additional 91 shares in the last quarter. Security National Bank grew its holdings in PACCAR by 4.2% during the 2nd quarter. Security National Bank now owns 2,328 shares of the company’s stock worth $240,000 after acquiring an additional 93 shares during the last quarter. Brookstone Capital Management increased its position in PACCAR by 4.1% in the 2nd quarter. Brookstone Capital Management now owns 2,366 shares of the company’s stock valued at $258,000 after acquiring an additional 94 shares in the last quarter. CVA Family Office LLC raised its stake in shares of PACCAR by 13.3% in the third quarter. CVA Family Office LLC now owns 827 shares of the company’s stock worth $82,000 after acquiring an additional 97 shares during the last quarter. Finally, Graypoint LLC lifted its position in shares of PACCAR by 2.9% during the first quarter. Graypoint LLC now owns 3,557 shares of the company’s stock worth $441,000 after purchasing an additional 99 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other PACCAR news, CEO R Preston Feight sold 27,834 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 162,782 shares of the company’s stock, valued at $16,066,583.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PCAR. Evercore ISI decreased their price objective on PACCAR from $109.00 to $99.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Raymond James assumed coverage on PACCAR in a research report on Friday, June 28th. They issued a “market perform” rating for the company. 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 report on Wednesday, July 24th. Truist Financial reduced their target price on shares of PACCAR from $107.00 to $103.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Finally, BNP Paribas raised shares of PACCAR to a “hold” rating in a research note on Wednesday, October 16th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.00.

PACCAR Stock Performance

Shares of PCAR opened at $110.09 on Monday. The firm has a market cap of $57.71 billion, a P/E ratio of 11.66, a PEG ratio of 1.68 and a beta of 0.91. PACCAR Inc has a twelve month low of $80.94 and a twelve month high of $125.50. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.54 and a current ratio of 2.78. The firm’s 50 day moving average price is $98.19 and its two-hundred day moving average price is $103.61.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.01). The firm had revenue of $8.26 billion during the quarter, compared to analyst estimates of $8.30 billion. PACCAR had a net margin of 14.07% and a return on equity of 29.87%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 EPS. On average, analysts forecast that PACCAR Inc will post 8.06 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently announced 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, November 13th. PACCAR’s dividend payout ratio is currently 12.71%.

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.