Brookstone Capital Management Acquires 13,939 Shares of PACCAR Inc (NASDAQ:PCAR)

Brookstone Capital Management lifted its position in shares of PACCAR Inc (NASDAQ:PCAR) by 632.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,142 shares of the company’s stock after purchasing an additional 13,939 shares during the quarter. Brookstone Capital Management’s holdings in PACCAR were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Matrix Trust Co grew its holdings in shares of PACCAR by 581.6% during the 4th quarter. Matrix Trust Co now owns 1,663 shares of the company’s stock worth $173,000 after purchasing an additional 1,419 shares in the last quarter. Czech National Bank grew its holdings in shares of PACCAR by 6.5% during the 4th quarter. Czech National Bank now owns 113,679 shares of the company’s stock worth $11,825,000 after purchasing an additional 6,890 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of PACCAR during the 4th quarter worth approximately $76,000. Fulton Bank N.A. grew its holdings in shares of PACCAR by 4.3% during the 4th quarter. Fulton Bank N.A. now owns 4,066 shares of the company’s stock worth $423,000 after purchasing an additional 167 shares in the last quarter. Finally, Sander Capital Advisors Inc. grew its holdings in shares of PACCAR by 22.4% during the 4th quarter. Sander Capital Advisors Inc. now owns 618 shares of the company’s stock worth $64,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

PCAR has been the topic of several recent analyst reports. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $99.00 to $129.00 in a research note on Wednesday, November 13th. Jefferies Financial Group lowered PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, December 6th. Citigroup decreased their price target on PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Morgan Stanley decreased their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $119.96.

Insider Buying and Selling at PACCAR

In other PACCAR news, CEO R Preston Feight sold 27,191 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $103.52, for a total value of $2,814,812.32. Following the sale, the chief executive officer now owns 171,776 shares of the company’s stock, valued at approximately $17,782,251.52. This trade represents a 13.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kevin D. Baney sold 9,894 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $107.00, for a total value of $1,058,658.00. Following the completion of the sale, the senior vice president now directly owns 7,121 shares in the company, valued at approximately $761,947. This represents a 58.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,315 shares of company stock valued at $6,358,552. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Price Performance

PACCAR stock opened at $109.63 on Thursday. The stock’s fifty day moving average price is $111.37 and its two-hundred day moving average price is $103.89. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03. The firm has a market cap of $57.48 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The firm had revenue of $8.24 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the company earned $2.34 EPS. The company’s revenue was down 5.2% on a year-over-year basis. As a group, research analysts expect that PACCAR Inc will post 7.98 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is 14.75%.

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.