Alma Lily Ley Sells 4,024 Shares of PACCAR Inc. (PCAR) Stock
PACCAR Inc. (NASDAQ:PCAR) VP Alma Lily Ley sold 4,024 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total transaction of $285,704.00. Following the transaction, the vice president now directly owns 24,319 shares in the company, valued at approximately $1,726,649. The transaction was disclosed in a filing with the SEC, which is available through this link.
PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.57 billion. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.39%. PACCAR’s dividend payout ratio is presently 25.64%.
COPYRIGHT VIOLATION NOTICE: “Alma Lily Ley Sells 4,024 Shares of PACCAR Inc. (PCAR) Stock” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.watchlistnews.com/alma-lily-ley-sells-4024-shares-of-paccar-inc-pcar-stock/1675182.html.
A number of equities analysts have recently issued reports on PCAR shares. Zacks Investment Research raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday, September 5th. Buckingham Research started coverage on shares of PACCAR in a research report on Tuesday, September 5th. They set a “neutral” rating and a $65.00 price objective on the stock. ValuEngine raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Citigroup Inc. increased their price objective on shares of PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of PACCAR in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $75.95.
Hedge funds and other institutional investors have recently modified their holdings of the company. Koch Industries Inc. bought a new position in shares of PACCAR in the second quarter worth approximately $213,000. Principal Financial Group Inc. lifted its stake in shares of PACCAR by 381.5% in the second quarter. Principal Financial Group Inc. now owns 2,573,188 shares of the company’s stock worth $169,932,000 after buying an additional 2,038,761 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new position in shares of PACCAR in the second quarter worth approximately $3,038,000. BlueMountain Capital Management LLC bought a new position in shares of PACCAR in the second quarter worth approximately $2,771,000. Finally, Brighton Jones LLC bought a new position in shares of PACCAR in the second quarter worth approximately $3,338,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.
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.
Receive News & Ratings for PACCAR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.