William Lance Walters Sells 1,000 Shares of PACCAR (NASDAQ:PCAR) Stock

PACCAR Inc. (NASDAQ:PCAR) VP William Lance Walters sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $133.50, for a total transaction of $133,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PACCAR Trading Up 3.0%

PCAR opened at $135.96 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90. The company has a market cap of $71.56 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97. The firm has a 50 day simple moving average of $122.35 and a 200 day simple moving average of $121.09. PACCAR Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $139.24.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same period in the prior year, the business posted $1.37 earnings per share. PACCAR’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts anticipate that PACCAR Inc. will post 5.81 earnings per share for the current year.

PACCAR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.0%. PACCAR’s dividend payout ratio is 29.41%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $148.00 price objective on shares of PACCAR in a research note on Wednesday, July 29th. Evercore set a $139.00 target price on PACCAR in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their target price on PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on shares of PACCAR from $125.00 to $157.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Citigroup increased their target price on shares of PACCAR from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $131.70.

Hedge Funds Weigh In On PACCAR

Institutional investors and hedge funds have recently modified their holdings of the business. Everett Harris & Co. CA bought a new stake in PACCAR during the 2nd quarter worth approximately $1,241,000. Stack Financial Management Inc bought a new stake in shares of PACCAR during the second quarter worth $24,757,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of PACCAR during the second quarter worth $7,731,000. Tema ETFs LLC raised its holdings in shares of PACCAR by 9.4% during the second quarter. Tema ETFs LLC now owns 8,429 shares of the company’s stock worth $1,012,000 after acquiring an additional 725 shares during the period. Finally, Allied Private Wealth LLC acquired a new stake in shares of PACCAR during the second quarter worth $37,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Key PACCAR News

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR’s latest earnings exceeded expectations, with quarterly EPS of $1.43 versus the $1.36 consensus and revenue of $7.55 billion versus estimates of $7.05 billion. Revenue increased 0.5% year over year, indicating resilient demand for its commercial trucks and related services.
• Positive Sentiment: The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a yield of approximately 1.1%. The payout ratio remains moderate at 29.41%, supporting the stock’s income appeal. PACCAR dividend article
• Positive Sentiment: Several analysts raised their price targets after the earnings report, including JPMorgan to $164 and Wells Fargo to $157. These revisions suggest some analysts see additional upside despite the stock’s recent strength.
• Neutral Sentiment: Analyst opinion remains mixed. PACCAR carries a consensus “Hold” rating, with an average price target of $131.70, below recent trading levels. The valuation is also elevated at roughly 28 times earnings, leaving less room for disappointing results.
• Negative Sentiment: Multiple executives sold shares on July 31. CEO R. Preston Feight sold 50,975 shares for approximately $6.78 million, reducing his direct holdings by 15.95%. CFO Brice J. Poplawski sold 1,970 shares, cutting his position by 58.61%, while VPs William Lance Walters and Paulo Henrique Bolgar also reduced their holdings. The coordinated selling may raise concerns about insider conviction, although such transactions can reflect personal financial planning rather than a negative outlook. PACCAR insider selling article

About PACCAR

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.