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%.

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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.

About PACCAR

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.

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

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