OneDigital Investment Advisors LLC Purchases Shares of 12,123 PACCAR Inc. $PCAR

OneDigital Investment Advisors LLC purchased a new stake in PACCAR Inc. (NASDAQ:PCAR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,123 shares of the company’s stock, valued at approximately $1,456,000.

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

Insider Activity at PACCAR

In other PACCAR news, VP Paulo Henrique Bolgar sold 2,897 shares of PACCAR stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.90, for a total value of $387,908.30. Following the completion of the sale, the vice president directly owned 3,831 shares of the company’s stock, valued at approximately $512,970.90. The trade was a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP William Lance Walters sold 1,000 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were 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 three months, insiders have sold 56,842 shares of company stock valued at $7,565,677. Company insiders own 1.99% of the company’s stock.

PACCAR Price Performance

Shares of PCAR opened at $130.84 on Tuesday. The firm has a market cap of $68.87 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97. PACCAR Inc. has a 52-week low of $92.25 and a 52-week high of $139.24. The business’s 50 day moving average price is $125.57 and its two-hundred day moving average price is $121.73. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.05 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. On average, equities analysts anticipate that PACCAR Inc. will post 5.85 EPS for the current year.

PACCAR Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PCAR. Evercore set a $139.00 price target on shares of PACCAR in a research report on Monday, May 11th. Wells Fargo & Company increased their price objective on shares of PACCAR from $125.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $148.00 target price on shares of PACCAR in a research note on Wednesday, July 29th. Citigroup boosted their target price on shares of PACCAR from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $131.70.

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.