Stratos Wealth Advisors LLC Has $365,000 Stake in PACCAR Inc. $PCAR

Stratos Wealth Advisors LLC trimmed its stake in PACCAR Inc. (NASDAQ:PCAR) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,844 shares of the company’s stock after selling 150 shares during the period. Stratos Wealth Advisors LLC’s holdings in PACCAR were worth $365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of PACCAR by 20.1% during the 1st quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company’s stock valued at $1,964,725,000 after acquiring an additional 3,379,165 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of PACCAR by 2,957.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,110,187 shares of the company’s stock valued at $205,469,000 after acquiring an additional 2,041,168 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of PACCAR by 177.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,620,798 shares of the company’s stock valued at $255,187,000 after acquiring an additional 1,677,736 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of PACCAR by 16,393.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,431,672 shares of the company’s stock valued at $139,402,000 after acquiring an additional 1,422,992 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of PACCAR during the 1st quarter valued at about $125,566,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Trading Down 0.5%

Shares of NASDAQ PCAR opened at $94.69 on Monday. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $118.81. The company has a market cap of $49.72 billion, a PE ratio of 16.21, a P/E/G ratio of 3.87 and a beta of 0.94. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $98.48 and a two-hundred day moving average of $95.43.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, July 22nd. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The company’s revenue was down 15.7% on a year-over-year basis. As a group, equities analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.4%. PACCAR’s payout ratio is currently 22.60%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of PACCAR from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 24th. Vertical Research upgraded shares of PACCAR to a “strong-buy” rating in a research report on Wednesday, July 23rd. UBS Group upgraded shares of PACCAR from a “sell” rating to a “neutral” rating and boosted their price target for the company from $81.00 to $100.00 in a research report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of PACCAR in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of PACCAR from $97.00 to $103.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PACCAR presently has an average rating of “Moderate Buy” and a consensus price target of $108.14.

Insider Transactions at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 5,000 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $100.94, for a total value of $504,700.00. Following the completion of the transaction, the chief financial officer directly owned 468 shares of the company’s stock, valued at approximately $47,239.92. The trade was a 91.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO R Preston Feight sold 39,965 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.52, for a total transaction of $3,977,316.80. Following the sale, the chief executive officer directly owned 223,190 shares of the company’s stock, valued at approximately $22,211,868.80. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.02% of the company’s stock.

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.