PACCAR Inc (NASDAQ:PCAR) CFO Harrie Schippers Sells 32,797 Shares

PACCAR Inc (NASDAQ:PCARGet Free Report) CFO Harrie Schippers sold 32,797 shares of PACCAR stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the completion of the transaction, the chief financial officer now directly owns 103,547 shares in the company, valued at $10,984,265.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Harrie Schippers also recently made the following trade(s):

  • On Friday, January 26th, Harrie Schippers sold 5,000 shares of PACCAR stock. The stock was sold at an average price of $102.27, for a total transaction of $511,350.00.

PACCAR Stock Performance

PCAR stock traded up $0.01 during trading hours on Monday, hitting $106.02. 1,378,152 shares of the stock were exchanged, compared to its average volume of 2,353,185. PACCAR Inc has a 12 month low of $67.48 and a 12 month high of $106.41. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $55.46 billion, a P/E ratio of 12.09, a P/E/G ratio of 1.70 and a beta of 0.90. The company has a 50-day simple moving average of $97.82 and a two-hundred day simple moving average of $90.06.

PACCAR (NASDAQ:PCARGet Free Report) last announced 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. The company had revenue of $8.59 billion for the quarter, compared to analysts’ expectations of $8.48 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. On average, analysts forecast that PACCAR Inc will post 7.96 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a Special dividend, which was paid on Thursday, January 4th. Investors 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 was Thursday, December 14th. PACCAR’s dividend payout ratio is currently 12.31%.

Institutional Investors Weigh In On PACCAR

Institutional investors and hedge funds have recently bought and sold shares of the company. Madison Asset Management LLC increased its stake in shares of PACCAR by 2.5% in the fourth quarter. Madison Asset Management LLC now owns 2,011,020 shares of the company’s stock valued at $196,376,000 after buying an additional 48,910 shares during the period. Bank of Nova Scotia increased its position in PACCAR by 412.9% during the 4th quarter. Bank of Nova Scotia now owns 289,320 shares of the company’s stock valued at $28,251,000 after purchasing an additional 232,906 shares during the period. Scotia Capital Inc. grew its position in shares of PACCAR by 3.5% during the 4th quarter. Scotia Capital Inc. now owns 4,491 shares of the company’s stock worth $438,000 after buying an additional 151 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in shares of PACCAR by 1.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 14,623 shares of the company’s stock worth $1,428,000 after buying an additional 145 shares during the period. Finally, Avestar Capital LLC acquired a new stake in shares of PACCAR during the 4th quarter worth approximately $302,000. Institutional investors own 65.68% of the company’s stock.

Wall Street Analysts Forecast Growth

PCAR has been the subject of several recent research reports. Citigroup boosted their target price on shares of PACCAR from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. The Goldman Sachs Group boosted their price objective on shares of PACCAR from $93.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. TD Cowen upped their target price on shares of PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Bank of America raised shares of PACCAR from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $84.00 to $97.00 in a report on Friday, January 19th. Finally, UBS Group boosted their price target on shares of PACCAR from $90.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.32.

Get Our Latest Analysis on PACCAR

About PACCAR

(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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