PACCAR (NASDAQ:PCAR) VP Paulo Henrique Bolgar Sells 12,183 Shares of Stock

PACCAR Inc. (NASDAQ:PCAR) VP Paulo Henrique Bolgar sold 12,183 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the transaction, the vice president owned 6,274 shares in the company, valued at $768,125.82. This represents a 66.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PACCAR Stock Performance

Shares of PCAR stock opened at $124.61 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average price of $114.30 and a 200-day moving average price of $104.02. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $125.36. The firm has a market capitalization of $65.45 billion, a PE ratio of 27.63, a P/E/G ratio of 1.03 and a beta of 1.01.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter last year, the company posted $1.66 earnings per share. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. As a group, equities research analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.32 annualized dividend and a dividend yield of 1.1%. PACCAR’s payout ratio is presently 29.27%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PCAR shares. Raymond James Financial reissued a “market perform” rating on shares of PACCAR in a research report on Tuesday, October 21st. Citigroup increased their price objective on shares of PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Sanford C. Bernstein set a $138.00 price objective on shares of PACCAR and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Wells Fargo & Company set a $119.00 target price on shares of PACCAR and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Zacks Research upgraded shares of PACCAR from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $115.92.

Institutional Investors Weigh In On PACCAR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCAR. Ares Financial Consulting LLC bought a new position in shares of PACCAR in the fourth quarter worth approximately $27,000. Private Wealth Management Group LLC lifted its stake in shares of PACCAR by 293.1% during the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after buying an additional 211 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in PACCAR by 53.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock worth $28,000 after buying an additional 100 shares during the period. Camelot Portfolios LLC bought a new position in PACCAR in the 4th quarter worth $33,000. Finally, Wealth Watch Advisors INC purchased a new stake in PACCAR in the 3rd quarter worth $32,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Company Profile

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.