PACCAR Inc (NASDAQ:PCAR) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management boosted its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 632.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,142 shares of the company's stock after buying an additional 13,939 shares during the period. Brookstone Capital Management's holdings in PACCAR were worth $1,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of PACCAR during the 2nd quarter valued at about $26,000. Grove Bank & Trust grew its holdings in PACCAR by 28.4% during the third quarter. Grove Bank & Trust now owns 466 shares of the company's stock worth $46,000 after acquiring an additional 103 shares during the period. Sander Capital Advisors Inc. purchased a new position in PACCAR during the third quarter valued at approximately $50,000. Ashton Thomas Securities LLC purchased a new stake in PACCAR in the 3rd quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of PACCAR by 17.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 728 shares of the company's stock worth $72,000 after purchasing an additional 109 shares during the period. 64.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO R Preston Feight sold 27,191 shares of PACCAR stock in a transaction dated 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 transaction, the chief executive officer now owns 171,776 shares in the company, valued at approximately $17,782,251.52. This trade represents a 13.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin D. Baney sold 9,894 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $107.00, for a total transaction of $1,058,658.00. Following the sale, the senior vice president now owns 7,121 shares in the company, valued at $761,947. The trade was a 58.15 % 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 90 days. Corporate insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

PCAR has been the subject of several analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $119.00 target price on shares of PACCAR in a research note on Monday, November 4th. Citigroup lowered their target price on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday. Evercore ISI upgraded PACCAR from an "in-line" rating to an "outperform" rating and raised their target price for the company from $99.00 to $129.00 in a research report on Wednesday, November 13th. BNP Paribas raised PACCAR to a "hold" rating in a report on Wednesday, October 16th. Finally, Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and raised their price objective for the company from $116.00 to $121.50 in a report on Tuesday. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $120.13.

PACCAR Trading Down 0.1 %

Shares of PCAR stock traded down $0.15 on Thursday, hitting $109.48. The stock had a trading volume of 1,891,396 shares, compared to its average volume of 2,178,950. The company's 50 day moving average price is $111.24 and its 200-day moving average price is $103.93. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03. The firm has a market capitalization of $57.40 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.72 and a beta of 0.93.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.03. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The company had revenue of $8.24 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts anticipate that PACCAR Inc will post 7.92 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio (DPR) is currently 13.41%.

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.