31,981 Shares in PACCAR Inc (NASDAQ:PCAR) Purchased by First American Trust FSB

First American Trust FSB purchased a new stake in shares of PACCAR Inc (NASDAQ:PCAR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 31,981 shares of the company’s stock, valued at approximately $3,327,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PCAR. Golden State Wealth Management LLC bought a new position in shares of PACCAR during the fourth quarter valued at approximately $37,000. Kestra Investment Management LLC purchased a new position in PACCAR during the 4th quarter valued at $37,000. Atala Financial Inc bought a new position in PACCAR in the 4th quarter worth $43,000. Regents Gate Capital LLP purchased a new stake in shares of PACCAR in the 4th quarter worth about $44,000. Finally, OFI Invest Asset Management bought a new stake in shares of PACCAR during the 4th quarter valued at about $43,000. Institutional investors own 64.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PCAR shares. UBS Group downgraded shares of PACCAR from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $124.00 to $108.00 in a research note on Tuesday, March 18th. Citigroup decreased their target price on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Melius upgraded PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Truist Financial upped their price target on PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI lowered their price objective on PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.23.

Insider Activity at PACCAR

In other news, EVP Darrin C. Siver sold 103,671 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the sale, the executive vice president now owns 61,005 shares of the company’s stock, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO R Preston Feight sold 25,200 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the transaction, the chief executive officer now directly owns 206,129 shares of the company’s stock, valued at $22,876,196.42. The trade was a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,547 shares of company stock valued at $18,261,908 over the last ninety days. Insiders own 2.02% of the company’s stock.

PACCAR Trading Up 1.6 %

Shares of NASDAQ PCAR opened at $98.64 on Tuesday. The firm’s 50 day moving average price is $106.10 and its 200-day moving average price is $106.60. PACCAR Inc has a 52-week low of $90.04 and a 52-week high of $125.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The company has a market cap of $51.77 billion, a PE ratio of 12.47, a P/E/G ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. On average, equities research analysts expect that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.33 per share. This is an increase from PACCAR’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Wednesday, February 12th. PACCAR’s dividend payout ratio is presently 16.69%.

PACCAR Profile

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.