Crossmark Global Holdings Inc. Has $3.23 Million Holdings in PACCAR Inc. $PCAR

Crossmark Global Holdings Inc. grew its position in PACCAR Inc. (NASDAQ:PCAR) by 18.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,508 shares of the company’s stock after acquiring an additional 4,619 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in PACCAR were worth $3,231,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PCAR. Brighton Jones LLC increased its holdings in shares of PACCAR by 0.3% during the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after acquiring an additional 290 shares during the last quarter. Focus Partners Wealth lifted its position in shares of PACCAR by 15.4% in the 1st quarter. Focus Partners Wealth now owns 13,604 shares of the company’s stock worth $1,324,000 after acquiring an additional 1,812 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of PACCAR by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company’s stock worth $22,886,000 after acquiring an additional 5,327 shares during the period. Ieq Capital LLC lifted its position in shares of PACCAR by 11.5% in the 2nd quarter. Ieq Capital LLC now owns 37,404 shares of the company’s stock worth $3,556,000 after acquiring an additional 3,858 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of PACCAR in the 2nd quarter worth approximately $81,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PCAR. Sanford C. Bernstein reissued an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Citigroup reissued a “neutral” rating and issued a $125.00 target price (down from $130.00) on shares of PACCAR in a research note on Thursday, April 30th. Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Morgan Stanley set a $109.00 price target on PACCAR and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Finally, BNP Paribas Exane began coverage on PACCAR in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, PACCAR presently has a consensus rating of “Hold” and an average target price of $119.73.

PACCAR Stock Performance

Shares of PACCAR stock opened at $114.31 on Monday. The firm has a market cap of $60.16 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.06 and a beta of 1.02. The stock’s 50-day moving average is $120.18 and its 200-day moving average is $114.92. PACCAR Inc. has a one year low of $90.05 and a one year high of $131.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.44 billion. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The company’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. Equities analysts predict that PACCAR Inc. will post 5.6 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be given a $0.35 dividend. This is an increase from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 13th. PACCAR’s dividend payout ratio (DPR) is presently 28.09%.

Insider Activity

In related news, CFO Brice J. Poplawski sold 2,200 shares of PACCAR stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $130.41, for a total value of $286,902.00. Following the sale, the chief financial officer owned 903 shares of the company’s stock, valued at approximately $117,760.23. The trade was a 70.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.