PACCAR Inc (NASDAQ:PCAR) Shares Acquired by Bokf Na

Bokf Na increased its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,957 shares of the company’s stock after acquiring an additional 392 shares during the quarter. Bokf Na’s holdings in PACCAR were worth $1,594,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in shares of PACCAR by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,398,193 shares of the company’s stock worth $335,334,000 after purchasing an additional 178,813 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in PACCAR by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company’s stock valued at $346,878,000 after buying an additional 1,164,692 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of PACCAR by 4.3% during the fourth quarter. Fulton Bank N.A. now owns 4,066 shares of the company’s stock valued at $423,000 after acquiring an additional 167 shares during the period. ORG Wealth Partners LLC bought a new position in shares of PACCAR during the fourth quarter worth about $76,000. Finally, Czech National Bank lifted its position in PACCAR by 6.5% in the 4th quarter. Czech National Bank now owns 113,679 shares of the company’s stock valued at $11,825,000 after purchasing an additional 6,890 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $91.55 on Friday. The company has a market capitalization of $48.06 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. 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 stock has a fifty day moving average of $94.67 and a 200-day moving average of $104.30. PACCAR Inc has a one year low of $84.65 and a one year high of $118.81.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The company had revenue of $6.91 billion during the quarter, compared to analysts’ expectations of $7.13 billion. During the same period in the prior year, the business posted $2.27 EPS. The company’s revenue for the quarter was down 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.44%. PACCAR’s dividend payout ratio (DPR) is presently 20.00%.

Insider Buying and Selling

In other PACCAR news, CFO Harrie Schippers sold 28,676 shares of PACCAR stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the completion of the sale, the chief financial officer now owns 114,659 shares of the company’s stock, valued at $12,150,414.23. This trade represents a 20.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Michael K. Walton sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total transaction of $636,780.00. Following the completion of the transaction, the vice president now directly owns 951 shares in the company, valued at $100,929.63. This trade represents a 86.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PCAR. Melius Research set a $120.00 target price on shares of PACCAR in a research report on Tuesday, March 18th. Evercore ISI cut their target price on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Citigroup decreased their price target on PACCAR from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Melius upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered shares of PACCAR from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $105.00 to $90.00 in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PACCAR presently has an average rating of “Hold” and an average target price of $105.23.

PACCAR Company 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.