Heartland Bank & Trust Co Sells 241 Shares of PACCAR Inc (NASDAQ:PCAR)

Heartland Bank & Trust Co lowered its stake in PACCAR Inc (NASDAQ:PCARFree Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,784 shares of the company’s stock after selling 241 shares during the quarter. Heartland Bank & Trust Co’s holdings in PACCAR were worth $706,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PCAR. Wellington Management Group LLP grew its holdings in shares of PACCAR by 53.3% in the third quarter. Wellington Management Group LLP now owns 13,434,115 shares of the company’s stock worth $1,325,678,000 after acquiring an additional 4,669,172 shares during the period. Massachusetts Financial Services Co. MA boosted its position in PACCAR by 47.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,194,903 shares of the company’s stock worth $1,006,033,000 after purchasing an additional 3,296,146 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of PACCAR by 49.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company’s stock valued at $346,878,000 after purchasing an additional 1,164,692 shares during the period. Erste Asset Management GmbH bought a new stake in shares of PACCAR during the 3rd quarter valued at about $63,186,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of PACCAR by 115.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,074,653 shares of the company’s stock worth $106,047,000 after purchasing an additional 576,532 shares during the period. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

NASDAQ PCAR opened at $109.90 on Monday. The stock has a market capitalization of $57.62 billion, a PE ratio of 12.28, a P/E/G ratio of 2.77 and a beta of 0.93. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50. The business has a 50 day simple moving average of $110.55 and a two-hundred day simple moving average of $104.37. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03.

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were paid a $3.00 dividend. This is a boost from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio (DPR) is presently 13.41%.

Analyst Upgrades and Downgrades

PCAR has been the subject of several recent research reports. Evercore ISI upgraded shares of PACCAR from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $99.00 to $129.00 in a research report on Wednesday, November 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $119.00 price objective on shares of PACCAR in a research note on Monday, November 4th. BNP Paribas upgraded PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Morgan Stanley cut their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.23.

Check Out Our Latest Stock Report on PACCAR

Insider Transactions at PACCAR

In other news, CEO R Preston Feight sold 27,191 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 171,776 shares of the company’s stock, valued at approximately $17,782,251.52. The trade was a 13.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.02% of the company’s stock.

PACCAR Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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