PACCAR (NASDAQ:PCAR) CFO Sells 1,970 Shares

PACCAR Inc. (NASDAQ:PCAR) CFO Brice Poplawski sold 1,970 shares of PACCAR stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $132.50, for a total transaction of $261,025.00. Following the transaction, the chief financial officer directly owned 1,391 shares in the company, valued at $184,307.50. This trade represents a 58.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PACCAR Trading Down 0.5%

Shares of PCAR traded down $0.62 during mid-day trading on Monday, reaching $132.06. The company’s stock had a trading volume of 5,879,104 shares, compared to its average volume of 3,197,484. PACCAR Inc. has a 52 week low of $92.25 and a 52 week high of $139.24. The stock has a market cap of $69.51 billion, a PE ratio of 27.74, a P/E/G ratio of 1.06 and a beta of 0.97. The company’s fifty day moving average price is $121.41 and its two-hundred day moving average price is $120.88. The company has a current ratio of 3.12, a quick ratio of 2.90 and a debt-to-equity ratio of 0.49.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.36 by $0.07. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 EPS. On average, analysts predict that PACCAR Inc. will post 5.78 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 12th. PACCAR’s dividend payout ratio (DPR) is 29.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their target price on PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Morgan Stanley set a $119.00 price target on PACCAR in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Evercore set a $139.00 price objective on PACCAR in a research report on Monday, May 11th. Finally, Wells Fargo & Company increased their price objective on PACCAR from $125.00 to $157.00 and gave the company an “equal weight” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PACCAR has an average rating of “Hold” and a consensus target price of $131.70.

Hedge Funds Weigh In On PACCAR

Several hedge funds and other institutional investors have recently modified their holdings of PCAR. Ares Financial Consulting LLC purchased a new stake in shares of PACCAR during the fourth quarter worth about $27,000. Steph & Co. purchased a new position in PACCAR during the 1st quarter valued at about $29,000. MCF Advisors LLC raised its position in PACCAR by 57.5% during the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 92 shares during the last quarter. Elyxium Wealth LLC bought a new position in PACCAR during the 4th quarter valued at approximately $30,000. Finally, Camelot Portfolios LLC purchased a new stake in PACCAR in the 4th quarter worth approximately $33,000. 64.90% of the stock is owned by institutional investors.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.