Heartland Bank & Trust Co Sells 184 Shares of PACCAR Inc (NASDAQ:PCAR)

Heartland Bank & Trust Co lessened its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 2.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,025 shares of the company’s stock after selling 184 shares during the period. Heartland Bank & Trust Co’s holdings in PACCAR were worth $693,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in PACCAR during the 2nd quarter worth $26,000. New Covenant Trust Company N.A. acquired a new stake in PACCAR during the 1st quarter worth $27,000. Riverview Trust Co acquired a new stake in PACCAR during the 1st quarter worth $29,000. Meeder Asset Management Inc. grew its holdings in PACCAR by 269.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock worth $29,000 after acquiring an additional 205 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in PACCAR during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PCAR shares. Raymond James started coverage on shares of PACCAR in a report on Friday, June 28th. They issued a “market perform” rating for the company. Citigroup boosted their price target on shares of PACCAR from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. BNP Paribas raised shares of PACCAR to a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley decreased their price target on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of PACCAR from $121.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.18.

PACCAR Trading Down 0.9 %

Shares of NASDAQ:PCAR opened at $103.80 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.78 and a quick ratio of 2.54. The company’s 50-day moving average price is $98.98 and its two-hundred day moving average price is $103.41. The stock has a market capitalization of $54.41 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91. PACCAR Inc has a one year low of $80.94 and a one year high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. The company had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $7.66 billion. PACCAR had a net margin of 14.07% and a return on equity of 29.87%. PACCAR’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 EPS. On average, equities analysts forecast that PACCAR Inc will post 8.08 EPS for the current fiscal year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.16%. PACCAR’s payout ratio is 12.71%.

Insider Activity

In other PACCAR news, CEO R Preston Feight sold 27,834 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $98.70, for a total value of $2,747,215.80. Following the transaction, the chief executive officer now directly owns 162,782 shares of the company’s stock, valued at $16,066,583.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.02% of the stock is owned by insiders.

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.