12,123 Shares in PACCAR Inc. $PCAR Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new stake in PACCAR Inc. (NASDAQ:PCAR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,123 shares of the company’s stock, valued at approximately $1,456,000.

Several other institutional investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new stake in PACCAR during the second quarter worth $1,273,000. Insight Wealth Partners LLC bought a new position in shares of PACCAR in the 2nd quarter valued at $909,000. Flputnam Investment Management Co. acquired a new position in shares of PACCAR during the 2nd quarter worth $5,457,000. Global Retirement Partners LLC acquired a new position in shares of PACCAR during the 2nd quarter worth $1,658,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of PACCAR during the 2nd quarter worth $453,107,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on PCAR shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $148.00 price objective on shares of PACCAR in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Truist Financial increased their target price on shares of PACCAR from $126.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Evercore set a $139.00 price target on shares of PACCAR in a research note on Monday, May 11th. Finally, Wells Fargo & Company lifted their price target on shares of PACCAR from $125.00 to $157.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $131.70.

PACCAR Trading Up 0.0%

Shares of PCAR stock opened at $130.84 on Tuesday. PACCAR Inc. has a twelve month low of $92.25 and a twelve month high of $139.24. The stock’s fifty day simple moving average is $125.57 and its 200 day simple moving average is $121.73. The company has a quick ratio of 2.90, a current ratio of 3.12 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $68.87 billion, a P/E ratio of 27.49, a P/E/G ratio of 1.04 and a beta of 0.97.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.36 by $0.07. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The firm had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.05 billion. During the same period last year, the company earned $1.37 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts predict that PACCAR Inc. will post 5.85 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, August 12th. PACCAR’s dividend payout ratio (DPR) is 29.41%.

Insider Buying and Selling at PACCAR

In related news, CFO Brice J. Poplawski sold 1,970 shares of PACCAR stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $132.50, for a total transaction of $261,025.00. Following the sale, the chief financial officer directly owned 1,391 shares in the company, valued at $184,307.50. This trade represents a 58.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William Lance Walters sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $133.50, for a total transaction of $133,500.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 56,842 shares of company stock worth $7,565,677 in the last 90 days. Corporate insiders own 1.99% of the company’s stock.

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.