First Citizens Bank & Trust Co. lessened its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,501 shares of the company’s stock after selling 4,664 shares during the period. First Citizens Bank & Trust Co.’s holdings in PACCAR were worth $675,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PCAR. FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in PACCAR by 18.8% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock worth $125,000 after buying an additional 300 shares during the last quarter. Sun Life Financial INC increased its holdings in PACCAR by 19,884.6% during the second quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock worth $172,000 after buying an additional 2,585 shares during the last quarter. Institute for Wealth Management LLC. purchased a new stake in PACCAR during the second quarter worth about $201,000. Cetera Investment Advisers purchased a new stake in PACCAR during the second quarter worth about $204,000. Finally, Hartland & Co. LLC purchased a new stake in PACCAR during the third quarter worth about $206,000. Institutional investors and hedge funds own 62.26% of the company’s stock.
PACCAR Inc (NASDAQ:PCAR) opened at $76.40 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 2.40. PACCAR Inc has a 1 year low of $61.93 and a 1 year high of $76.60. The company has a market cap of $26,571.18, a P/E ratio of 19.38, a PEG ratio of 1.61 and a beta of 1.22.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the business earned $0.98 earnings per share. PACCAR’s revenue was up 19.7% compared to the same quarter last year. analysts predict that PACCAR Inc will post 4.19 EPS for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th were given a $1.20 dividend. The ex-dividend date was Wednesday, December 13th. This represents a dividend yield of 1.4%. PACCAR’s dividend payout ratio (DPR) is currently 25.64%.
In other news, VP Alma Lily Ley sold 4,024 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total value of $285,704.00. Following the completion of the transaction, the vice president now directly owns 24,319 shares in the company, valued at $1,726,649. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP C Michael Dozier sold 3,618 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. The disclosure for this sale can be found here. Insiders sold 106,598 shares of company stock valued at $7,597,908 over the last 90 days. 2.64% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on the stock. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Tuesday, September 26th. Citigroup lifted their target price on shares of PACCAR from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. BidaskClub upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of PACCAR in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. PACCAR currently has a consensus rating of “Hold” and an average target price of $75.32.
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PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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