First American Trust FSB Raises Stock Holdings in PACCAR Inc. $PCAR

First American Trust FSB grew its stake in PACCAR Inc. (NASDAQ:PCAR) by 63.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,710 shares of the company’s stock after acquiring an additional 22,366 shares during the quarter. First American Trust FSB’s holdings in PACCAR were worth $6,320,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC acquired a new position in PACCAR in the fourth quarter valued at $27,000. MCF Advisors LLC increased its stake in PACCAR by 57.5% in the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 92 shares during the last quarter. Elyxium Wealth LLC acquired a new position in PACCAR in the fourth quarter valued at $30,000. Wealth Watch Advisors INC acquired a new position in PACCAR in the third quarter valued at $32,000. Finally, Camelot Portfolios LLC acquired a new position in PACCAR in the fourth quarter valued at $33,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Price Performance

PCAR stock opened at $113.99 on Thursday. The stock has a 50-day moving average price of $117.59 and a two-hundred day moving average price of $117.37. PACCAR Inc. has a 12-month low of $90.05 and a 12-month high of $131.88. The company has a current ratio of 3.11, a quick ratio of 2.91 and a debt-to-equity ratio of 0.52. The company has a market cap of $59.99 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.15. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The firm had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, research analysts predict that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, May 13th. PACCAR’s dividend payout ratio (DPR) is presently 29.79%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PCAR. Weiss Ratings lowered PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Wells Fargo & Company set a $125.00 target price on PACCAR and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Citigroup reiterated 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. Truist Financial upped their target price on PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Finally, BNP Paribas Exane began coverage on PACCAR in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PACCAR currently has a consensus rating of “Hold” and a consensus target price of $122.00.

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.