First National Bank of Mount Dora Trust Investment Services Purchases 983 Shares of PACCAR Inc (NASDAQ:PCAR)

First National Bank of Mount Dora Trust Investment Services grew its position in PACCAR Inc (NASDAQ:PCAR) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,621 shares of the company’s stock after acquiring an additional 983 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in PACCAR were worth $2,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PCAR. Avanza Fonder AB bought a new position in shares of PACCAR during the fourth quarter worth $4,929,000. Decker Retirement Planning Inc. bought a new position in shares of PACCAR during the fourth quarter worth $1,096,000. Retireful LLC bought a new position in shares of PACCAR during the fourth quarter worth $716,000. Global Financial Private Client LLC boosted its position in shares of PACCAR by 1.0% during the fourth quarter. Global Financial Private Client LLC now owns 9,716 shares of the company’s stock worth $1,011,000 after acquiring an additional 97 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its position in shares of PACCAR by 223.4% during the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock worth $59,000 after acquiring an additional 391 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors.

PACCAR Trading Up 0.8 %

Shares of PCAR opened at $110.33 on Friday. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The company has a market cap of $57.85 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.72 and a beta of 0.93. The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $111.18 and its 200-day simple moving average is $103.97.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.03. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The business had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the prior year, the firm posted $2.34 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, analysts expect that PACCAR Inc will post 7.92 EPS for the current year.

PACCAR Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is currently 14.75%.

Insider Buying and Selling

In related news, CFO Harrie Schippers sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $106.93, for a total value of $2,138,600.00. Following the transaction, the chief financial officer now owns 105,558 shares of the company’s stock, valued at $11,287,316.94. This trade represents a 15.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R Preston Feight sold 27,191 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $103.52, for a total transaction of $2,814,812.32. Following the completion of the transaction, the chief executive officer now directly owns 171,776 shares in the company, valued at $17,782,251.52. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,315 shares of company stock valued at $6,358,552 in the last 90 days. Company insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Friday, December 6th. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $121.50 in a research report on Tuesday. Evercore ISI raised shares of PACCAR from an “in-line” rating to an “outperform” rating and upped their price target for the company from $99.00 to $129.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on shares of PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Truist Financial upped their price target on shares of PACCAR from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $120.13.

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.