PACCAR Inc (NASDAQ:PCAR) VP Todd R. Hubbard Sells 2,000 Shares

PACCAR Inc (NASDAQ:PCARGet Free Report) VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the transaction, the vice president now owns 5,726 shares in the company, valued at $607,814.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PACCAR Stock Performance

Shares of PCAR stock opened at $106.02 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $98.07 and a 200 day moving average of $90.21. The firm has a market capitalization of $55.46 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.70 and a beta of 0.90. PACCAR Inc has a 52 week low of $67.48 and a 52 week high of $106.41.

PACCAR (NASDAQ:PCARGet Free Report) last posted its earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The firm had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.48 billion. During the same period last year, the company posted $1.76 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that PACCAR Inc will post 7.96 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently disclosed a Special dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were given a dividend of $3.20 per share. This is a boost from PACCAR’s previous Special dividend of $0.89. The ex-dividend date of this dividend was Thursday, December 14th. PACCAR’s payout ratio is presently 12.31%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PCAR. AdvisorNet Financial Inc raised its holdings in PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock worth $27,000 after purchasing an additional 181 shares in the last quarter. Larson Financial Group LLC grew its position in shares of PACCAR by 86.2% in the 2nd quarter. Larson Financial Group LLC now owns 296 shares of the company’s stock worth $25,000 after buying an additional 137 shares during the period. OFI Invest Asset Management bought a new position in shares of PACCAR in the 3rd quarter worth about $26,000. ST Germain D J Co. Inc. lifted its position in PACCAR by 61.9% during the 3rd quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock valued at $29,000 after acquiring an additional 130 shares during the period. Finally, Arlington Trust Co LLC purchased a new position in PACCAR during the 3rd quarter valued at about $30,000. Institutional investors own 65.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of PACCAR from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and upped their price target for the company from $84.00 to $97.00 in a research report on Friday, January 19th. Citigroup boosted their target price on PACCAR from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. UBS Group lifted their price target on PACCAR from $90.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley began coverage on PACCAR in a research note on Monday, January 8th. They set an “overweight” rating and a $125.00 price objective for the company. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.32.

Read Our Latest Report on PACCAR

PACCAR Company Profile

(Get Free Report)

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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.

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