Southeast Asset Advisors LLC Invests $287,000 in PACCAR Inc. $PCAR

Southeast Asset Advisors LLC purchased a new position in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,024 shares of the company's stock, valued at approximately $287,000.

• 3 Big-Name Stocks Just Announced Big-Time Dividend Increases

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of PACCAR by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 62,995,929 shares of the company's stock worth $6,133,914,000 after acquiring an additional 1,113,520 shares during the period. Wellington Management Group LLP lifted its holdings in PACCAR by 20.1% during the 1st quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company's stock valued at $1,964,725,000 after purchasing an additional 3,379,165 shares during the last quarter. Geode Capital Management LLC boosted its position in PACCAR by 1.3% during the second quarter. Geode Capital Management LLC now owns 12,455,453 shares of the company's stock worth $1,184,112,000 after purchasing an additional 159,632 shares during the period. Northern Trust Corp increased its holdings in shares of PACCAR by 0.5% in the first quarter. Northern Trust Corp now owns 7,239,967 shares of the company's stock valued at $704,956,000 after purchasing an additional 37,609 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of PACCAR by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,104,056 shares of the company's stock valued at $594,277,000 after purchasing an additional 97,197 shares during the period. Institutional investors own 64.90% of the company's stock.

Wall Street Analyst Weigh In

PCAR has been the subject of several research analyst reports. Argus raised shares of PACCAR from a "hold" rating to a "buy" rating and set a $121.00 target price for the company in a report on Monday, July 28th. UBS Group set a $103.00 price objective on PACCAR and gave the stock a "neutral" rating in a report on Wednesday, October 22nd. Wall Street Zen downgraded PACCAR from a "hold" rating to a "sell" rating in a research report on Saturday, October 25th. Morgan Stanley set a $90.00 target price on PACCAR in a research note on Tuesday, October 21st. Finally, Truist Financial boosted their price target on PACCAR from $97.00 to $108.00 and gave the company a "hold" rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $106.54.

• This Autonomous Vehicle Stock Doubled in June and May Do It Again

Read Our Latest Analysis on PCAR

Insider Transactions at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 3,369 shares of the company's stock in a transaction on Monday, October 27th. The shares were sold at an average price of $101.15, for a total transaction of $340,774.35. Following the sale, the chief financial officer owned 468 shares of the company's stock, valued at approximately $47,338.20. This represents a 87.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.02% of the stock is currently owned by insiders.

PACCAR Stock Performance

• Paccar Revenue Grows As Truck Maker Drives Toward Electrification

PCAR opened at $102.46 on Tuesday. The business's fifty day moving average is $98.01 and its 200-day moving average is $97.10. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $118.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 1.82. The firm has a market cap of $53.81 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 4.11 and a beta of 0.95.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.23 billion. PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The firm's quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. Sell-side analysts expect that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 12th. PACCAR's dividend payout ratio (DPR) is currently 25.83%.

About PACCAR

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.

Featured Stories

• Five stocks we like better than PACCAR
• Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
• 5 Retail Stocks That Could Deck the Halls—or Wreck Portfolios
• Are Penny Stocks a Good Fit for Your Portfolio?
• D-Wave: Time to Buy the Dip? Or is the Fall Just Starting?
• How Can Investors Benefit From After-Hours Trading
• Hims, Block, and NRG Just Launched Huge Stock Buybacks

Want to see what other hedge funds are holding PCAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc. (NASDAQ:PCAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in PACCAR Right Now?

Before you consider PACCAR, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PACCAR wasn't on the list.

While PACCAR currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here