PACCAR Inc (NASDAQ:PCAR) Shares Bought by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,861 shares of the company's stock after purchasing an additional 12,807 shares during the quarter. Stifel Financial Corp's holdings in PACCAR were worth $20,906,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of PACCAR during the second quarter worth approximately $26,000. Meeder Asset Management Inc. lifted its stake in shares of PACCAR by 269.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 281 shares of the company's stock worth $29,000 after acquiring an additional 205 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of PACCAR in the 2nd quarter worth $36,000. ORG Partners LLC increased its stake in shares of PACCAR by 7,560.0% during the second quarter. ORG Partners LLC now owns 383 shares of the company's stock worth $39,000 after acquiring an additional 378 shares during the period. Finally, Grove Bank & Trust raised 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 purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Wall Street Analyst Weigh In

PCAR has been the topic of a number of analyst reports. Truist Financial lifted their price objective on PACCAR from $103.00 to $107.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Morgan Stanley cut their price objective on PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on PACCAR from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Citigroup upped their price target on shares of PACCAR from $120.00 to $125.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Jefferies Financial Group cut shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research note on Friday. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $118.25.

Insider Activity at PACCAR

In other news, CFO Harrie Schippers sold 20,000 shares of PACCAR stock in a transaction on Monday, October 28th. The stock was sold at an average price of $106.93, for a total value of $2,138,600.00. Following the completion of the sale, the chief financial officer now owns 105,558 shares of the company's stock, valued at $11,287,316.94. The trade was a 15.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Preston Feight sold 27,191 shares of the 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 transaction, the chief executive officer now owns 171,776 shares in the company, valued at $17,782,251.52. This trade represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,315 shares of company stock valued at $6,358,552. 2.02% of the stock is owned by insiders.

PACCAR Price Performance

Shares of NASDAQ PCAR traded up $0.54 on Tuesday, hitting $115.37. The company's stock had a trading volume of 1,829,755 shares, compared to its average volume of 2,581,273. 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 stock has a 50 day moving average of $109.82 and a 200-day moving average of $103.70. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50. The company has a market capitalization of $60.49 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 1.82 and a beta of 0.91.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $0.03. The firm had revenue of $8.24 billion for the quarter, compared to analyst estimates of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. PACCAR's revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. As a group, research analysts predict that PACCAR Inc will post 7.98 EPS for the current year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Wednesday, November 13th. PACCAR's dividend payout ratio is presently 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.