PACCAR Inc. (PCAR) To Go Ex-Dividend on December 13th
PACCAR Inc. (NASDAQ:PCAR) declared a special dividend on Tuesday, December 5th, Fidelity reports. Stockholders of record on Thursday, December 14th will be paid a dividend of 1.20 per share on Thursday, January 4th. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 13th.
PACCAR (NASDAQ PCAR) opened at $71.74 on Tuesday. PACCAR has a fifty-two week low of $61.93 and a fifty-two week high of $75.68. The firm has a market cap of $25,305.39, a PE ratio of 18.45, a PEG ratio of 1.72 and a beta of 1.22. The company has a current ratio of 2.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.75.
PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. sell-side analysts forecast that PACCAR will post 4.18 EPS for the current fiscal year.
In other PACCAR news, VP C Michael Dozier sold 3,618 shares of PACCAR stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $69.02, for a total value of $249,714.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark C. Pigott sold 98,956 shares of PACCAR stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $71.37, for a total transaction of $7,062,489.72. Following the completion of the transaction, the insider now directly owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The disclosure for this sale can be found here. Insiders have sold 106,598 shares of company stock worth $7,597,908 in the last three months. 2.64% of the stock is currently owned by insiders.
Several equities research analysts have commented on PCAR shares. ValuEngine upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, September 5th. Royal Bank of Canada reissued a “buy” rating on shares of PACCAR in a research report on Friday, September 1st. UBS reissued a “buy” rating and set a $82.00 target price (up from $76.00) on shares of PACCAR in a research report on Tuesday, October 3rd. Finally, Citigroup increased their target price on shares of PACCAR from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $75.15.
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PACCAR Company Profile
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.
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