Sanctuary Advisors LLC Grows Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Sanctuary Advisors LLC lifted its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 24.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,016 shares of the company's stock after purchasing an additional 5,871 shares during the period. Sanctuary Advisors LLC's holdings in PACCAR were worth $2,962,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Brookstone Capital Management increased its stake in shares of PACCAR by 4.1% during the 2nd quarter. Brookstone Capital Management now owns 2,366 shares of the company's stock worth $258,000 after purchasing an additional 94 shares during the last quarter. CVA Family Office LLC boosted its holdings in PACCAR by 13.3% in the 3rd quarter. CVA Family Office LLC now owns 827 shares of the company's stock worth $82,000 after buying an additional 97 shares during the period. Omnia Family Wealth LLC boosted its holdings in PACCAR by 2.5% in the 3rd quarter. Omnia Family Wealth LLC now owns 3,993 shares of the company's stock worth $394,000 after buying an additional 98 shares during the period. Grove Bank & Trust boosted its holdings in PACCAR by 28.4% in the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company's stock worth $46,000 after buying an additional 103 shares during the period. Finally, Insight Wealth Partners LLC boosted its holdings in PACCAR by 1.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 7,700 shares of the company's stock worth $760,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Buying and Selling

In other PACCAR news, VP Todd R. Hubbard sold 3,230 shares of the business's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $107.27, for a total value of $346,482.10. Following the transaction, the vice president now owns 3,061 shares in the company, valued at approximately $328,353.47. The trade was a 51.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Preston Feight sold 27,191 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $103.52, for a total transaction 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 $17,782,251.52. The trade was a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,315 shares of company stock worth $6,358,552 in the last 90 days. 2.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PCAR has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of PACCAR from $125.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Evercore ISI raised shares of PACCAR from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $99.00 to $129.00 in a report on Wednesday, November 13th. BNP Paribas raised shares of PACCAR to a "hold" rating in a report on Wednesday, October 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $119.00 price objective on shares of PACCAR in a report on Monday, November 4th. Finally, Truist Financial raised their price objective on shares of PACCAR from $103.00 to $107.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $118.25.

PACCAR Price Performance

Shares of PACCAR stock traded down $3.88 on Wednesday, hitting $107.78. 2,808,814 shares of the company traded hands, compared to its average volume of 2,576,823. The firm's 50-day simple moving average is $111.31 and its 200 day simple moving average is $103.95. The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 0.54. The company has a market cap of $56.51 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.77 and a beta of 0.91. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50.

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

PACCAR Increases Dividend

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

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.