Stratos Wealth Partners LTD. Has $289,000 Stock Holdings in PACCAR Inc. (NASDAQ:PCAR)

Stratos Wealth Partners LTD. trimmed its position in PACCAR Inc. (NASDAQ:PCAR) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,966 shares of the company’s stock after selling 360 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in PACCAR were worth $289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of PACCAR by 0.3% in the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after purchasing an additional 290 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of PACCAR during the fourth quarter worth $215,000. EverSource Wealth Advisors LLC increased its holdings in shares of PACCAR by 14.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company’s stock worth $88,000 after buying an additional 107 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of PACCAR by 8.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,748 shares of the company’s stock valued at $1,534,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in PACCAR by 2.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 65,585 shares of the company’s stock worth $6,822,000 after purchasing an additional 1,372 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Pierre R. Breber acquired 5,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the purchase, the director owned 13,015 shares of the company’s stock, valued at $1,168,486.70. This represents a 62.38% increase 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. Company insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

PCAR has been the subject of a number of analyst reports. Melius Research set a $120.00 price objective on PACCAR in a research report on Tuesday, March 18th. Wall Street Zen cut PACCAR from a “hold” rating to a “sell” rating in a research note on Sunday. Royal Bank Of Canada reduced their price objective on PACCAR from $106.00 to $97.00 and set a “sector perform” rating for the company in a research note on Thursday, May 8th. Evercore ISI reduced their price objective on PACCAR from $127.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, May 19th. Finally, UBS Group cut PACCAR from a “neutral” rating to a “sell” rating and cut their target price for the company from $108.00 to $78.00 in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PACCAR has a consensus rating of “Hold” and an average price target of $104.59.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $95.13 on Wednesday. The stock’s 50-day simple moving average is $94.46 and its two-hundred day simple moving average is $98.74. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $118.81. The company has a quick ratio of 2.19, a current ratio of 2.35 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $49.94 billion, a P/E ratio of 14.41, a P/E/G ratio of 3.55 and a beta of 0.94.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.12). The company had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $7.13 billion. PACCAR had a net margin of 10.73% and a return on equity of 20.79%. The company’s revenue was down 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 earnings per share. As a group, equities analysts anticipate that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 14th. PACCAR’s dividend payout ratio (DPR) is currently 20.00%.

About PACCAR

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.