First National Bank of Mount Dora Trust Investment Services Buys 14,936 Shares of PACCAR Inc (NASDAQ:PCAR)

First National Bank of Mount Dora Trust Investment Services increased its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 69.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,557 shares of the company's stock after purchasing an additional 14,936 shares during the quarter. First National Bank of Mount Dora Trust Investment Services' holdings in PACCAR were worth $3,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PCAR. GAMMA Investing LLC grew its holdings in PACCAR by 11.1% during the first quarter. GAMMA Investing LLC now owns 9,028 shares of the company's stock worth $879,000 after acquiring an additional 901 shares during the period. Signet Financial Management LLC raised its holdings in shares of PACCAR by 113.8% in the 1st quarter. Signet Financial Management LLC now owns 14,956 shares of the company's stock worth $1,456,000 after purchasing an additional 7,961 shares in the last quarter. Tounjian Advisory Partners LLC bought a new stake in PACCAR during the first quarter worth approximately $663,000. Pallas Capital Advisors LLC acquired a new position in PACCAR in the first quarter worth approximately $288,000. Finally, Farther Finance Advisors LLC grew its position in PACCAR by 26.4% in the first quarter. Farther Finance Advisors LLC now owns 9,434 shares of the company's stock worth $927,000 after buying an additional 1,970 shares during the last quarter. Institutional investors own 64.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Royal Bank of Canada decreased their price target on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Evercore ISI lowered their price objective on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Melius Research set a $120.00 target price on PACCAR in a research report on Tuesday, March 18th. Citigroup lowered their price target on PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley downgraded PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $104.14.

Insider Transactions at PACCAR

In other news, Director Pierre R. Breber purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the purchase, the director now directly owns 13,015 shares of the company's stock, valued at approximately $1,168,486.70. The trade was a 62.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Stock Down 0.9%

Shares of PCAR traded down $0.90 during trading hours on Wednesday, hitting $93.88. 1,382,008 shares of the company were exchanged, compared to its average volume of 2,739,907. The firm's 50 day moving average is $91.80 and its 200-day moving average is $101.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. PACCAR Inc has a 52 week low of $84.65 and a 52 week high of $118.81. The company has a market cap of $49.28 billion, a PE ratio of 11.87, a PEG ratio of 2.77 and a beta of 0.95.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.12). The company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a net margin of 12.36% and a return on equity of 23.53%. The company's revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter last year, the business earned $2.27 EPS. On average, equities research analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, May 14th. PACCAR's dividend payout ratio is currently 20.00%.

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.