Parkside Financial Bank & Trust Has $168,000 Holdings in PACCAR Inc (NASDAQ:PCAR)

Parkside Financial Bank & Trust grew its stake in PACCAR Inc (NASDAQ:PCAR) by 54.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,722 shares of the company’s stock after buying an additional 607 shares during the quarter. Parkside Financial Bank & Trust’s holdings in PACCAR were worth $168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. OFI Invest Asset Management acquired a new position in shares of PACCAR in the third quarter valued at $26,000. AdvisorNet Financial Inc increased its holdings in shares of PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of PACCAR by 61.9% in the third quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of PACCAR in the third quarter valued at $30,000. Finally, NBC Securities Inc. acquired a new position in shares of PACCAR in the third quarter valued at $34,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Stock Up 0.4 %

PCAR stock opened at $113.74 on Thursday. The stock has a market capitalization of $59.60 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. PACCAR Inc has a 12 month low of $68.40 and a 12 month high of $125.50. The firm has a 50-day moving average price of $116.40 and a 200-day moving average price of $101.52.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.45. The firm had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.48 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.76 earnings per share. As a group, equities research analysts anticipate that PACCAR Inc will post 8.21 EPS for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were issued a $0.27 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. PACCAR’s dividend payout ratio (DPR) is presently 12.31%.

Insider Activity at PACCAR

In related news, CEO R Preston Feight sold 27,320 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.17, for a total value of $2,818,604.40. Following the completion of the transaction, the chief executive officer now owns 145,495 shares in the company, valued at approximately $15,010,719.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO R Preston Feight sold 27,320 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.17, for a total value of $2,818,604.40. Following the completion of the transaction, the chief executive officer now owns 145,495 shares in the company, valued at approximately $15,010,719.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Harrie Schippers sold 32,797 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the completion of the transaction, the chief financial officer now owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The disclosure for this sale can be found here. Insiders sold a total of 153,496 shares of company stock worth $15,834,812 in the last quarter. 2.02% of the stock is owned by insiders.

Analyst Ratings Changes

PCAR has been the topic of several research reports. Morgan Stanley initiated coverage on shares of PACCAR in a research note on Monday, January 8th. They issued an “overweight” rating and a $125.00 price target on the stock. TD Cowen upped their price target on shares of PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upped their price target on shares of PACCAR from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. UBS Group upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and upped their price target for the company from $104.00 to $136.00 in a research note on Friday, March 15th. Finally, Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and upped their price target for the company from $84.00 to $97.00 in a research note on Friday, January 19th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PACCAR presently has a consensus rating of “Moderate Buy” and an average price target of $110.82.

PACCAR 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.