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

First American Trust FSB acquired a new stake in shares of PACCAR Inc (NASDAQ:PCAR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,981 shares of the company’s stock, valued at approximately $3,327,000.

Other institutional investors have also added to or reduced their stakes in the company. TIAA Trust National Association raised its position in shares of PACCAR by 19.1% in the fourth quarter. TIAA Trust National Association now owns 3,479 shares of the company’s stock valued at $362,000 after purchasing an additional 558 shares during the period. Zevenbergen Capital Investments LLC grew its stake in PACCAR by 0.7% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 23,445 shares of the company’s stock valued at $2,439,000 after buying an additional 170 shares in the last quarter. LPL Financial LLC raised its holdings in PACCAR by 6.1% during the 4th quarter. LPL Financial LLC now owns 212,405 shares of the company’s stock valued at $22,094,000 after acquiring an additional 12,143 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of PACCAR during the fourth quarter worth $32,859,000. Finally, Sei Investments Co. boosted its holdings in shares of PACCAR by 3.6% in the fourth quarter. Sei Investments Co. now owns 126,268 shares of the company’s stock worth $13,134,000 after acquiring an additional 4,422 shares during the period. 64.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other PACCAR news, CEO R Preston Feight sold 25,200 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $110.98, for a total value of $2,796,696.00. Following the completion of the sale, the chief executive officer now owns 206,129 shares in the company, valued at approximately $22,876,196.42. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total value of $224,100.00. Following the sale, the vice president now directly owns 5,463 shares of the company’s stock, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,547 shares of company stock valued at $18,261,908. Corporate insiders own 2.02% of the company’s stock.

PACCAR Trading Up 1.6 %

NASDAQ PCAR opened at $98.64 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The stock’s 50-day simple moving average is $106.10 and its two-hundred day simple moving average is $106.60. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The company has a market capitalization of $51.77 billion, a price-to-earnings ratio of 12.47, a PEG 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 net margin of 12.36% and a return on equity of 23.53%. Research analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PCAR shares. Evercore ISI dropped their price objective on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Melius raised shares of PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. UBS Group cut shares of PACCAR from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $124.00 to $108.00 in a research note on Tuesday, March 18th. Truist Financial increased their target price on shares of PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PACCAR currently has a consensus rating of “Moderate Buy” and an average price target of $118.23.

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.