PACCAR Inc. $PCAR Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its holdings in PACCAR Inc. (NASDAQ:PCAR) by 88.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,853 shares of the company’s stock after purchasing an additional 869 shares during the period. Geneos Wealth Management Inc.’s holdings in PACCAR were worth $180,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PCAR. Farmers & Merchants Investments Inc. increased its position in shares of PACCAR by 33.1% in the first quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company’s stock worth $45,000 after acquiring an additional 116 shares in the last quarter. RMR Wealth Builders increased its position in shares of PACCAR by 1.4% in the first quarter. RMR Wealth Builders now owns 8,713 shares of the company’s stock worth $848,000 after acquiring an additional 122 shares in the last quarter. Applied Capital LLC FL increased its position in shares of PACCAR by 0.5% in the first quarter. Applied Capital LLC FL now owns 25,210 shares of the company’s stock worth $2,455,000 after acquiring an additional 124 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of PACCAR by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 45,087 shares of the company’s stock worth $4,390,000 after acquiring an additional 130 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in shares of PACCAR by 5.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,341 shares of the company’s stock worth $228,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Brice J. Poplawski sold 5,000 shares of the business’s stock in a transaction on 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 sale, the chief financial officer directly owned 468 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R Preston Feight sold 39,965 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer owned 223,190 shares of the company’s stock, valued at $22,211,868.80. The trade was a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PCAR shares. Vertical Research raised shares of PACCAR to a “strong-buy” rating in a research report on Wednesday, July 23rd. Argus raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research report on Monday, July 28th. Truist Financial dropped their target price on shares of PACCAR from $102.00 to $98.00 and set a “hold” rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, UBS Group upgraded shares of PACCAR from a “sell” rating to a “neutral” rating and raised their price target for the stock from $81.00 to $100.00 in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, PACCAR has an average rating of “Moderate Buy” and a consensus price target of $107.68.

PACCAR Price Performance

NASDAQ PCAR opened at $102.86 on Wednesday. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $54.01 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 4.10 and a beta of 0.94. The company has a 50 day moving average price of $98.68 and a two-hundred day moving average price of $96.04. PACCAR Inc. has a 12-month low of $84.65 and a 12-month high of $118.81.

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

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 12th. PACCAR’s payout ratio is presently 22.60%.

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.