PACCAR Inc (NASDAQ:PCAR) VP Marco A. Davila bought 570 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $69.05 per share, for a total transaction of $39,358.50. Following the completion of the transaction, the vice president now owns 7,536 shares in the company, valued at $520,360.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
PACCAR Inc (NASDAQ PCAR) traded up $0.23 during mid-day trading on Thursday, hitting $69.22. 2,141,000 shares of the stock traded hands, compared to its average volume of 2,404,080. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 1.08. PACCAR Inc has a twelve month low of $61.93 and a twelve month high of $79.69. The stock has a market cap of $24,270.68, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.31 and a beta of 1.22.
PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same period in the prior year, the company posted $0.82 EPS. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. research analysts expect that PACCAR Inc will post 5.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, February 12th. PACCAR’s payout ratio is currently 21.05%.
Several research firms recently issued reports on PCAR. Seaport Global Securities reissued a “neutral” rating on shares of PACCAR in a research report on Tuesday, January 16th. Wells Fargo & Co upped their price target on shares of PACCAR from $75.00 to $80.00 and gave the company a “market perform” rating in a report on Thursday, January 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $77.00 price target on shares of PACCAR in a report on Tuesday, January 30th. Buckingham Research upped their price target on shares of PACCAR from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $82.00 price target on shares of PACCAR in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. PACCAR has an average rating of “Hold” and an average price target of $76.00.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of PACCAR by 8.9% during the 4th quarter. BlackRock Inc. now owns 29,378,299 shares of the company’s stock worth $2,088,211,000 after acquiring an additional 2,401,617 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of PACCAR by 11.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,765,314 shares of the company’s stock worth $489,402,000 after acquiring an additional 694,185 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of PACCAR by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 4,104,838 shares of the company’s stock worth $291,223,000 after acquiring an additional 266,591 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of PACCAR by 14.2% during the 4th quarter. Deutsche Bank AG now owns 3,251,534 shares of the company’s stock worth $231,113,000 after acquiring an additional 405,111 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in PACCAR by 8.4% in the 4th quarter. Victory Capital Management Inc. now owns 3,041,683 shares of the company’s stock valued at $216,203,000 after buying an additional 235,097 shares in the last quarter. 64.40% of the stock is currently owned by institutional investors and hedge funds.
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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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