ORG Partners LLC Purchases 30,651 Shares of PACCAR Inc. $PCAR

ORG Partners LLC grew its position in PACCAR Inc. (NASDAQ:PCAR) by 7,030.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,087 shares of the company’s stock after purchasing an additional 30,651 shares during the quarter. ORG Partners LLC’s holdings in PACCAR were worth $3,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PCAR. Brighton Jones LLC boosted its position in shares of PACCAR by 0.3% in the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after acquiring an additional 290 shares during the period. Ascent Group LLC raised its stake in PACCAR by 43.8% in the 1st quarter. Ascent Group LLC now owns 3,060 shares of the company’s stock worth $298,000 after purchasing an additional 932 shares in the last quarter. Bayforest Capital Ltd grew its position in shares of PACCAR by 234.2% during the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock worth $38,000 after purchasing an additional 274 shares in the last quarter. Focus Partners Wealth grew its position in shares of PACCAR by 15.4% during the 1st quarter. Focus Partners Wealth now owns 13,604 shares of the company’s stock worth $1,324,000 after purchasing an additional 1,812 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of PACCAR by 88.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,853 shares of the company’s stock worth $180,000 after purchasing an additional 869 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PCAR has been the topic of a number of analyst reports. Sanford C. Bernstein reissued an “outperform” rating and set a $125.00 price target on shares of PACCAR in a research report on Friday, December 5th. Zacks Research upgraded PACCAR from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Morgan Stanley set a $90.00 price target on PACCAR in a research report on Tuesday, October 21st. JPMorgan Chase & Co. raised shares of PACCAR from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $108.00 to $133.00 in a research report on Friday, December 19th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $90.00 target price on shares of PACCAR in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.04.

PACCAR Trading Up 0.5%

Shares of PACCAR stock opened at $118.80 on Friday. The firm has a market capitalization of $62.39 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 14.70 and a beta of 1.01. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $106.78 and its 200 day moving average is $101.11. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $119.21.

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

PACCAR Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, February 11th. PACCAR’s dividend payout ratio is 25.83%.

Insider Activity 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 shares were 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 of the company’s stock, valued at $47,338.20. The trade was a 87.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.02% of the company’s stock.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.