PACCAR Inc (NASDAQ:PCAR) CFO Harrie Schippers sold 7,927 shares of PACCAR stock in a transaction on Friday, November 1st. The shares were sold at an average price of $77.73, for a total value of $616,165.71. Following the completion of the sale, the chief financial officer now directly owns 40,051 shares of the company’s stock, valued at $3,113,164.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Harrie Schippers also recently made the following trade(s):
- On Monday, October 28th, Harrie Schippers sold 7,927 shares of PACCAR stock. The shares were sold at an average price of $77.68, for a total value of $615,769.36.
PCAR opened at $79.68 on Thursday. PACCAR Inc has a 12 month low of $53.43 and a 12 month high of $80.36. The stock has a market capitalization of $27.00 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.64 and a beta of 1.25. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.39 and a quick ratio of 2.23. The business has a fifty day moving average price of $71.83 and a 200 day moving average price of $69.65.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 22nd. The company reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.11. PACCAR had a return on equity of 26.11% and a net margin of 9.45%. The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same period in the previous year, the firm posted $1.55 EPS. PACCAR’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts anticipate that PACCAR Inc will post 6.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.28 annualized dividend and a yield of 1.61%. PACCAR’s payout ratio is 20.51%.
A number of brokerages have recently weighed in on PCAR. OTR Global cut PACCAR from a “mixed” rating to a “negative” rating in a research note on Wednesday, October 9th. Morgan Stanley lifted their price objective on PACCAR from $63.00 to $64.00 and gave the company an “underweight” rating in a research note on Wednesday, July 24th. Wells Fargo & Co lifted their price objective on PACCAR from $72.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on PACCAR from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Finally, BidaskClub raised PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $71.64.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PCAR. DNB Asset Management AS boosted its position in shares of PACCAR by 32.9% during the 2nd quarter. DNB Asset Management AS now owns 117,534 shares of the company’s stock worth $8,422,000 after acquiring an additional 29,109 shares in the last quarter. Denali Advisors LLC acquired a new position in shares of PACCAR during the 2nd quarter worth about $1,376,000. Crossmark Global Holdings Inc. boosted its position in shares of PACCAR by 4.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,571 shares of the company’s stock worth $2,262,000 after acquiring an additional 1,428 shares in the last quarter. Salem Capital Management Inc. boosted its position in shares of PACCAR by 4.2% during the 2nd quarter. Salem Capital Management Inc. now owns 19,800 shares of the company’s stock worth $1,419,000 after acquiring an additional 800 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of PACCAR during the 2nd quarter worth about $469,000. 63.42% of the stock is owned by hedge funds and other institutional investors.
PACCAR Company Profile
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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