Guggenheim Capital LLC Boosts Stock Position in PACCAR Inc. $PCAR

Guggenheim Capital LLC lifted its position in PACCAR Inc. (NASDAQ:PCAR) by 35.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,366 shares of the company’s stock after purchasing an additional 38,529 shares during the quarter. Guggenheim Capital LLC’s holdings in PACCAR were worth $13,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. grew its stake in PACCAR by 53.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Fidelis Capital Partners LLC grew its position in shares of PACCAR by 2.9% in the second quarter. Fidelis Capital Partners LLC now owns 3,759 shares of the company’s stock valued at $366,000 after purchasing an additional 105 shares during the period. Intellectus Partners LLC increased its stake in shares of PACCAR by 1.0% during the second quarter. Intellectus Partners LLC now owns 10,673 shares of the company’s stock worth $1,015,000 after purchasing an additional 109 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its stake in shares of PACCAR by 1.2% during the second quarter. Focus Partners Advisor Solutions LLC now owns 9,645 shares of the company’s stock worth $917,000 after purchasing an additional 116 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in PACCAR by 43.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $42,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Price Performance

NASDAQ:PCAR opened at $108.50 on Friday. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $118.19. The stock’s fifty day moving average is $99.12 and its two-hundred day moving average is $97.68. The company has a market capitalization of $56.98 billion, a P/E ratio of 21.23, a P/E/G ratio of 14.85 and a beta of 1.01. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $6.23 billion. PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The firm’s quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. Equities analysts expect that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, November 12th. PACCAR’s dividend payout ratio (DPR) is currently 25.83%.

Analyst Ratings Changes

PCAR has been the topic of a number of research reports. Weiss Ratings lowered PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Morgan Stanley set a $90.00 price target on PACCAR in a report on Tuesday, October 21st. Jefferies Financial Group reissued a “hold” rating and set a $90.00 price objective on shares of PACCAR in a research note on Tuesday, October 21st. Evercore ISI set a $114.00 target price on PACCAR and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Finally, Zacks Research cut shares of PACCAR from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.54.

Insider Buying and Selling at PACCAR

In related news, CFO Brice J. Poplawski sold 3,369 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $101.15, for a total value of $340,774.35. Following the sale, the chief financial officer owned 468 shares in the company, valued at approximately $47,338.20. The trade was a 87.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.02% of the company’s stock.

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.