PACCAR Inc. (NASDAQ:PCAR – Get Free Report) CFO Brice Poplawski sold 1,970 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $132.50, for a total transaction of $261,025.00. Following the completion of the transaction, the chief financial officer owned 1,391 shares of the company’s stock, valued at approximately $184,307.50. This trade represents a 58.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
PACCAR Price Performance
NASDAQ:PCAR opened at $133.34 on Thursday. The company has a quick ratio of 2.90, a current ratio of 3.12 and a debt-to-equity ratio of 0.49. PACCAR Inc. has a 52 week low of $92.25 and a 52 week high of $139.24. The stock’s 50-day moving average price is $122.77 and its 200-day moving average price is $121.17. The stock has a market capitalization of $70.18 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97.
PACCAR (NASDAQ:PCAR – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.PACCAR’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. As a group, equities analysts expect that PACCAR Inc. will post 5.85 EPS for the current fiscal year.
PACCAR Dividend Announcement
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley set a $119.00 price objective on shares of PACCAR in a research report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $148.00 price objective on shares of PACCAR in a report on Wednesday, July 29th. Wells Fargo & Company lifted their target price on shares of PACCAR from $125.00 to $157.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Finally, Evercore set a $139.00 target price on shares of PACCAR in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, PACCAR currently has an average rating of “Hold” and a consensus price target of $131.70.
Read Our Latest Stock Report on PCAR
Institutional Trading of PACCAR
Large investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its position in shares of PACCAR by 2.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 413,489 shares of the company’s stock valued at $45,281,000 after buying an additional 9,524 shares during the last quarter. Merit Financial Group LLC boosted its position in PACCAR by 165.8% during the fourth quarter. Merit Financial Group LLC now owns 24,319 shares of the company’s stock worth $2,663,000 after acquiring an additional 15,169 shares during the last quarter. Vanguard Group Inc. boosted its position in PACCAR by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 63,475,226 shares of the company’s stock worth $6,951,172,000 after acquiring an additional 363,782 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in PACCAR by 118.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 638,688 shares of the company’s stock valued at $69,943,000 after acquiring an additional 345,937 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in PACCAR by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 12,308,610 shares of the company’s stock valued at $1,350,867,000 after acquiring an additional 50,622 shares during the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.
About PACCAR
PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.
In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.
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