PACCAR Inc (NASDAQ:PCAR) insider Mark C. Pigott sold 194,004 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $58.84, for a total transaction of $11,415,195.36. Following the completion of the sale, the insider now directly owns 3,080,449 shares in the company, valued at approximately $181,253,619.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

PCAR stock opened at $58.36 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.05 and a current ratio of 2.63. PACCAR Inc has a twelve month low of $53.95 and a twelve month high of $79.69. The company has a market cap of $21.00 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 0.90 and a beta of 1.39.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 23rd. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.04. PACCAR had a net margin of 9.73% and a return on equity of 23.52%. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, analysts predict that PACCAR Inc will post 6.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, November 9th. This represents a $1.12 dividend on an annualized basis and a yield of 1.92%. PACCAR’s payout ratio is currently 26.29%.

Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Monday, July 16th. Loop Capital assumed coverage on shares of PACCAR in a report on Wednesday, October 17th. They issued a “hold” rating and a $68.00 target price on the stock. BMO Capital Markets cut shares of PACCAR from an “outperform” rating to a “market perform” rating and set a $80.00 target price on the stock. in a report on Wednesday, July 18th. BidaskClub cut shares of PACCAR from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, Morgan Stanley set a $58.00 target price on shares of PACCAR and gave the company a “sell” rating in a report on Wednesday, October 24th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.73.

A number of hedge funds have recently added to or reduced their stakes in PCAR. Bank of New York Mellon Corp raised its holdings in PACCAR by 33.3% during the third quarter. Bank of New York Mellon Corp now owns 6,026,604 shares of the company’s stock worth $410,954,000 after purchasing an additional 1,505,929 shares in the last quarter. FMR LLC increased its holdings in shares of PACCAR by 26.1% in the 3rd quarter. FMR LLC now owns 6,043,716 shares of the company’s stock valued at $412,121,000 after acquiring an additional 1,249,446 shares during the period. Federated Investors Inc. PA increased its holdings in shares of PACCAR by 9,286.5% in the 2nd quarter. Federated Investors Inc. PA now owns 902,329 shares of the company’s stock valued at $55,908,000 after acquiring an additional 892,716 shares during the period. Schroder Investment Management Group increased its holdings in shares of PACCAR by 934.2% in the 2nd quarter. Schroder Investment Management Group now owns 869,356 shares of the company’s stock valued at $53,935,000 after acquiring an additional 785,295 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of PACCAR by 75.1% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,780,223 shares of the company’s stock valued at $121,393,000 after acquiring an additional 763,338 shares during the period. 61.33% of the stock is currently owned by institutional investors.

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PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

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Insider Buying and Selling by Quarter for PACCAR (NASDAQ:PCAR)

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