PACCAR Inc (NASDAQ:PCAR) SVP Sells $1,058,658.00 in Stock

PACCAR Inc (NASDAQ:PCAR) SVP Kevin D. Baney sold 9,894 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $107.00, for a total value of $1,058,658.00. Following the completion of the transaction, the senior vice president now owns 7,121 shares of the company’s stock, valued at $761,947. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

PACCAR Trading Down 0.4 %

NASDAQ PCAR opened at $106.67 on Wednesday. PACCAR Inc has a 12 month low of $80.94 and a 12 month high of $125.50. The company has a current ratio of 1.91, a quick ratio of 1.55 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $99.83 and a 200-day moving average of $102.92. The company has a market cap of $55.92 billion, a PE ratio of 11.92, a PEG ratio of 1.65 and a beta of 0.91.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. The firm had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $7.66 billion. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.34 earnings per share. On average, equities research analysts anticipate that PACCAR Inc will post 8 EPS for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 13th. PACCAR’s payout ratio is currently 13.41%.

Institutional Trading of PACCAR

Institutional investors and hedge funds have recently bought and sold shares of the business. New Covenant Trust Company N.A. bought a new position in shares of PACCAR during the 1st quarter worth approximately $27,000. Quarry LP bought a new position in PACCAR during the second quarter worth $26,000. Meeder Asset Management Inc. increased its holdings in shares of PACCAR by 269.7% in the second quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock valued at $29,000 after purchasing an additional 205 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of PACCAR in the second quarter valued at about $36,000. Finally, Fortitude Family Office LLC lifted its stake in shares of PACCAR by 200.0% during the 2nd quarter. Fortitude Family Office LLC now owns 366 shares of the company’s stock worth $38,000 after buying an additional 244 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Analyst Upgrades and Downgrades

PCAR has been the topic of a number of research reports. StockNews.com raised shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PACCAR from $121.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Citigroup increased their target price on PACCAR from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. BNP Paribas upgraded PACCAR to a “hold” rating in a report on Wednesday, October 16th. Finally, Evercore ISI decreased their price objective on PACCAR from $109.00 to $99.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $114.18.

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.