PACCAR Inc. (PCAR) VP Sells $285,704.00 in Stock
PACCAR Inc. (NASDAQ:PCAR) VP Alma Lily Ley sold 4,024 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total value of $285,704.00. Following the sale, the vice president now directly owns 24,319 shares in the company, valued at approximately $1,726,649. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
PACCAR Inc. (NASDAQ PCAR) traded down 0.85% during mid-day trading on Wednesday, reaching $71.12. 1,183,600 shares of the company were exchanged. The stock has a market capitalization of $24.99 billion, a price-to-earnings ratio of 19.04 and a beta of 1.18. The company’s 50 day moving average price is $72.09 and its 200-day moving average price is $67.25. PACCAR Inc. has a 12-month low of $53.38 and a 12-month high of $75.68.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts forecast that PACCAR Inc. will post $4.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a $0.25 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. PACCAR’s dividend payout ratio (DPR) is currently 25.64%.
Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc lifted its position in shares of PACCAR by 91.1% during the 2nd quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock valued at $123,000 after acquiring an additional 890 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co lifted its position in shares of PACCAR by 18.8% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock valued at $125,000 after acquiring an additional 300 shares during the period. State of Alaska Department of Revenue lifted its position in shares of PACCAR by 29.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock valued at $143,000 after acquiring an additional 500 shares during the period. Perkins Coie Trust Co lifted its position in shares of PACCAR by 102.8% during the 2nd quarter. Perkins Coie Trust Co now owns 2,282 shares of the company’s stock valued at $151,000 after acquiring an additional 1,157 shares during the period. Finally, Sun Life Financial INC lifted its position in shares of PACCAR by 19,884.6% during the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock valued at $172,000 after acquiring an additional 2,585 shares during the period. Hedge funds and other institutional investors own 62.25% of the company’s stock.
Several research analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of PACCAR from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Friday, October 6th. BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of PACCAR in a report on Friday, October 20th. J P Morgan Chase & Co upgraded shares of PACCAR from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $70.00 to $83.00 in a report on Wednesday, October 4th. Deutsche Bank AG restated a “hold” rating and set a $78.00 price target (up from $75.00) on shares of PACCAR in a report on Monday, October 9th. Finally, ValuEngine cut shares of PACCAR from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $75.95.
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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