PACCAR (NASDAQ:PCAR) CFO Brice Poplawski Sells 3,369 Shares of Stock

PACCAR Inc. (NASDAQ:PCAR) CFO Brice Poplawski sold 3,369 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $101.15, for a total transaction of $340,774.35. Following the completion of the sale, the chief financial officer owned 468 shares in the company, valued at $47,338.20. The trade was a 87.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PACCAR Stock Up 0.9%

NASDAQ PCAR opened at $101.08 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 1.51. The company’s 50 day simple moving average is $98.57 and its 200 day simple moving average is $95.84. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81. The company has a market capitalization of $53.08 billion, a P/E ratio of 19.78, a PEG ratio of 4.18 and a beta of 0.94.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.23 billion. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. Equities research analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 12th. PACCAR’s payout ratio is presently 25.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Wealth Management Group LLC grew its position in PACCAR by 293.1% during the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in PACCAR by 53.8% during the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Bayforest Capital Ltd grew its position in PACCAR by 234.2% during the first quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after purchasing an additional 274 shares in the last quarter. Accent Capital Management LLC purchased a new position in PACCAR during the first quarter valued at approximately $40,000. Finally, Hantz Financial Services Inc. grew its position in PACCAR by 43.8% during the second quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $42,000 after purchasing an additional 134 shares in the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PCAR has been the topic of a number of research reports. UBS Group set a $103.00 target price on shares of PACCAR and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Truist Financial lifted their target price on shares of PACCAR from $97.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group reissued a “hold” rating and issued a $90.00 target price on shares of PACCAR in a research report on Tuesday, October 21st. Wall Street Zen downgraded shares of PACCAR from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wolfe Research raised shares of PACCAR from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PACCAR has a consensus rating of “Hold” and an average target price of $106.59.

PACCAR Company Profile

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