PACCAR Inc. (NASDAQ:PCAR) VP C Michael Dozier sold 3,618 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $69.02, for a total value of $249,714.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
PACCAR Inc. (NASDAQ PCAR) traded down $0.27 on Tuesday, reaching $69.32. The company’s stock had a trading volume of 981,500 shares, compared to its average volume of 1,896,267. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.40 and a current ratio of 2.56. The stock has a market capitalization of $24,468.55, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.24. PACCAR Inc. has a one year low of $58.73 and a one year high of $75.68.
PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the previous year, the business earned $0.98 earnings per share. PACCAR’s quarterly revenue was up 19.7% compared to the same quarter last year. equities analysts anticipate that PACCAR Inc. will post 4.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.44%. PACCAR’s dividend payout ratio (DPR) is 25.64%.
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PCAR has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on PACCAR from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday, October 25th. ValuEngine upgraded PACCAR from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Stifel Nicolaus decreased their price objective on PACCAR from $76.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. Robert W. Baird lifted their price objective on PACCAR from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, UBS AG reiterated a “buy” rating and issued a $76.00 price objective (up previously from $75.00) on shares of PACCAR in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $75.95.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in PACCAR by 6.6% in the second quarter. BlackRock Inc. now owns 25,508,314 shares of the company’s stock valued at $1,684,572,000 after purchasing an additional 1,572,038 shares during the last quarter. Vanguard Group Inc. increased its stake in PACCAR by 5.0% in the second quarter. Vanguard Group Inc. now owns 24,555,355 shares of the company’s stock valued at $1,621,636,000 after purchasing an additional 1,164,896 shares during the last quarter. Bank of New York Mellon Corp increased its stake in PACCAR by 11.4% in the third quarter. Bank of New York Mellon Corp now owns 6,765,314 shares of the company’s stock valued at $489,402,000 after purchasing an additional 694,185 shares during the last quarter. Victory Capital Management Inc. increased its stake in PACCAR by 5.5% in the third quarter. Victory Capital Management Inc. now owns 2,806,586 shares of the company’s stock valued at $203,028,000 after purchasing an additional 145,932 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in PACCAR by 381.5% in the second quarter. Principal Financial Group Inc. now owns 2,573,188 shares of the company’s stock valued at $169,932,000 after purchasing an additional 2,038,761 shares during the last quarter. Hedge funds and other institutional investors own 63.03% of the company’s stock.
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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