PACCAR Inc (PCAR) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. cut its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 32.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,501 shares of the company’s stock after selling 4,664 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in PACCAR were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. CIBC World Markets Inc. raised its stake in shares of PACCAR by 2.2% during the second quarter. CIBC World Markets Inc. now owns 5,989 shares of the company’s stock worth $396,000 after acquiring an additional 131 shares in the last quarter. Rainier Group Investment Advisory LLC raised its stake in shares of PACCAR by 2.6% during the second quarter. Rainier Group Investment Advisory LLC now owns 5,943 shares of the company’s stock worth $392,000 after acquiring an additional 153 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of PACCAR by 0.5% during the second quarter. Mutual of America Capital Management LLC now owns 43,153 shares of the company’s stock worth $2,850,000 after acquiring an additional 227 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of PACCAR by 8.3% during the second quarter. Oppenheimer & Co. Inc. now owns 3,360 shares of the company’s stock worth $222,000 after acquiring an additional 257 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in shares of PACCAR by 1.0% during the second quarter. Norinchukin Bank The now owns 28,577 shares of the company’s stock worth $1,887,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 62.26% of the company’s stock.

PACCAR Inc (NASDAQ PCAR) opened at $76.40 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.75. PACCAR Inc has a one year low of $61.93 and a one year high of $76.60. The company has a market cap of $26,571.18, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.61 and a beta of 1.22.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. analysts anticipate that PACCAR Inc will post 4.19 EPS for the current year.

The company also recently announced a special dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 14th were paid a $1.20 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 13th. PACCAR’s payout ratio is 25.64%.

Several research analysts have commented on PCAR shares. Susquehanna Bancshares started coverage on shares of PACCAR in a research note on Wednesday, November 29th. They set a “neutral” rating and a $75.00 price target on the stock. Wells Fargo & Co decreased their price target on shares of PACCAR from $77.00 to $75.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 25th. Stifel Nicolaus decreased their price target on shares of PACCAR from $76.00 to $75.00 and set a “hold” rating on the stock in a research note on Wednesday, October 25th. ValuEngine downgraded shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Finally, JPMorgan Chase & Co. downgraded shares of PACCAR from an “overweight” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $75.32.

In other PACCAR news, VP Alma Lily Ley sold 4,024 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total transaction of $285,704.00. Following the transaction, the vice president now directly owns 24,319 shares of the company’s stock, valued at approximately $1,726,649. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP C Michael Dozier sold 3,618 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,598 shares of company stock worth $7,597,908. 2.64% of the stock is owned by insiders.

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About PACCAR

PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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