Hamilton Capital LLC Invests $525,000 in PACCAR Inc. $PCAR

Hamilton Capital LLC bought a new position in shares of PACCAR Inc. (NASDAQ:PCAR) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,368 shares of the company’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators raised its stake in shares of PACCAR by 9.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 887 shares of the company’s stock valued at $97,000 after buying an additional 80 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of PACCAR by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 26,202 shares of the company’s stock worth $2,869,000 after buying an additional 81 shares during the last quarter. CYBER HORNET ETFs LLC boosted its stake in shares of PACCAR by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 1,486 shares of the company’s stock worth $163,000 after buying an additional 87 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of PACCAR by 3.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,898 shares of the company’s stock worth $317,000 after buying an additional 87 shares during the last quarter. Finally, MCF Advisors LLC grew its holdings in PACCAR by 57.5% during the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock worth $28,000 after acquiring an additional 92 shares during the period. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PCAR. Evercore set a $139.00 price target on PACCAR in a report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PACCAR in a research note on Tuesday, August 18th. JPMorgan Chase & Co. boosted their target price on shares of PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company boosted their target price on shares of PACCAR from $125.00 to $157.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley set a $119.00 price target on shares of PACCAR in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $131.70.

Insider Activity at PACCAR

In other news, VP Paulo Henrique Bolgar sold 2,897 shares of PACCAR stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $133.90, for a total value of $387,908.30. Following the sale, the vice president owned 3,831 shares in the company, valued at $512,970.90. This trade represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP William Lance Walters sold 1,000 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $133.50, for a total transaction of $133,500.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 56,842 shares of company stock valued at $7,565,677. Insiders own 1.99% of the company’s stock.

PACCAR Stock Performance

Shares of PCAR stock opened at $126.54 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.90 and a debt-to-equity ratio of 0.49. PACCAR Inc. has a 12-month low of $92.25 and a 12-month high of $139.24. The business’s 50 day moving average is $127.22 and its two-hundred day moving average is $121.90. The company has a market capitalization of $66.61 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.02 and a beta of 0.97.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The business had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The business’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. Analysts expect that PACCAR Inc. will post 5.89 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 12th. PACCAR’s payout ratio is presently 29.41%.

PACCAR 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.