Todd R. Hubbard Sells 3,230 Shares of PACCAR Inc (NASDAQ:PCAR) Stock

PACCAR Inc (NASDAQ:PCARGet Free Report) VP Todd R. Hubbard sold 3,230 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $107.27, for a total value of $346,482.10. Following the completion of the transaction, the vice president now owns 3,061 shares in the company, valued at $328,353.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PACCAR Stock Performance

NASDAQ PCAR opened at $104.90 on Thursday. The business’s 50 day moving average price is $100.01 and its 200-day moving average price is $102.94. PACCAR Inc has a fifty-two week low of $80.94 and a fifty-two week high of $125.50. The company has a market cap of $54.99 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.55 and a current ratio of 1.91.

PACCAR (NASDAQ:PCARGet Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $7.66 billion. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.34 earnings per share. Sell-side analysts predict that PACCAR Inc will post 8 earnings per share for the current year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 13th. PACCAR’s dividend payout ratio (DPR) is currently 13.41%.

Analyst Ratings Changes

Several research firms have weighed in on PCAR. BNP Paribas raised shares of PACCAR to a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley cut their target price on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on shares of PACCAR from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Citigroup increased their price objective on shares of PACCAR from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Truist Financial lifted their target price on PACCAR from $103.00 to $107.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, PACCAR presently has an average rating of “Hold” and an average price target of $114.18.

Check Out Our Latest Analysis on PCAR

Institutional Trading of PACCAR

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of PACCAR during the second quarter valued at approximately $26,000. New Covenant Trust Company N.A. purchased a new position in PACCAR during the 1st quarter valued at $27,000. Meeder Asset Management Inc. grew its position in PACCAR by 269.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock valued at $29,000 after acquiring an additional 205 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in PACCAR in the second quarter worth $36,000. Finally, Fortitude Family Office LLC lifted its position in shares of PACCAR by 200.0% during the second quarter. Fortitude Family Office LLC now owns 366 shares of the company’s stock worth $38,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

About PACCAR

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PACCAR (NASDAQ:PCAR)

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