CHICAGO TRUST Co NA Has $269,000 Holdings in PACCAR Inc. $PCAR

CHICAGO TRUST Co NA trimmed its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 70.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,326 shares of the company’s stock after selling 5,641 shares during the period. CHICAGO TRUST Co NA’s holdings in PACCAR were worth $269,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in PACCAR during the fourth quarter worth $727,745,000. Wellington Management Group LLP increased its stake in PACCAR by 18.6% in the fourth quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock valued at $2,516,272,000 after purchasing an additional 3,597,283 shares in the last quarter. UBS Group AG raised its holdings in shares of PACCAR by 74.4% during the fourth quarter. UBS Group AG now owns 4,548,861 shares of the company’s stock valued at $498,146,000 after purchasing an additional 1,940,260 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of PACCAR by 129.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,275,921 shares of the company’s stock worth $249,237,000 after purchasing an additional 1,286,056 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of PACCAR by 17,292.6% during the 4th quarter. Focus Partners Wealth now owns 1,202,700 shares of the company’s stock worth $131,725,000 after purchasing an additional 1,195,785 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating and issued a $125.00 target price (down from $130.00) on shares of PACCAR in a research report on Thursday, April 30th. Wells Fargo & Company set a $125.00 price objective on PACCAR and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. BNP Paribas Exane started coverage on PACCAR in a report on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Evercore set a $139.00 price target on shares of PACCAR in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $122.45.

PACCAR Stock Down 1.4%

PCAR stock opened at $119.50 on Friday. The firm has a market capitalization of $62.89 billion, a PE ratio of 25.43, a P/E/G ratio of 1.13 and a beta of 0.97. The company has a quick ratio of 2.91, a current ratio of 3.11 and a debt-to-equity ratio of 0.52. PACCAR Inc. has a twelve month low of $92.25 and a twelve month high of $131.88. The stock’s 50 day moving average is $116.46 and its 200-day moving average is $118.71.

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

PACCAR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were issued a $0.35 dividend. This is an increase from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, May 13th. PACCAR’s dividend payout ratio is currently 29.79%.

PACCAR Company 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.