PACCAR Inc (NASDAQ:PCAR) CEO Ronald E. Armstrong sold 15,784 shares of PACCAR stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $66.00, for a total value of $1,041,744.00. Following the completion of the transaction, the chief executive officer now owns 222,499 shares in the company, valued at $14,684,934. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of PCAR stock opened at $65.95 on Friday. PACCAR Inc has a 1-year low of $53.43 and a 1-year high of $72.89. The company has a current ratio of 1.19, a quick ratio of 0.98 and a debt-to-equity ratio of 0.72. The firm has a market cap of $23.12 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 0.95 and a beta of 1.32.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, January 29th. The company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.08. PACCAR had a return on equity of 25.01% and a net margin of 9.34%. The firm had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the business earned $1.18 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, equities research analysts forecast that PACCAR Inc will post 6.42 earnings per share for the current fiscal year.

PACCAR announced that its Board of Directors has approved a share buyback program on Tuesday, December 4th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Tuesday, February 12th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.94%. This is an increase from PACCAR’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, February 11th. PACCAR’s payout ratio is 17.95%.

Institutional investors and hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC acquired a new stake in PACCAR during the 4th quarter worth about $47,000. Synovus Financial Corp lifted its position in PACCAR by 1,116.5% during the 4th quarter. Synovus Financial Corp now owns 1,253 shares of the company’s stock worth $72,000 after acquiring an additional 1,150 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in PACCAR during the 4th quarter worth about $77,000. Valeo Financial Advisors LLC lifted its position in PACCAR by 85.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,148 shares of the company’s stock worth $123,000 after acquiring an additional 990 shares during the period. Finally, First Mercantile Trust Co. lifted its position in PACCAR by 106.5% during the 4th quarter. First Mercantile Trust Co. now owns 2,870 shares of the company’s stock worth $164,000 after acquiring an additional 1,480 shares during the period. 60.65% of the stock is owned by institutional investors.

PCAR has been the topic of a number of analyst reports. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Tuesday, October 16th. Loop Capital initiated coverage on PACCAR in a report on Wednesday, October 17th. They issued a “hold” rating and a $68.00 price target on the stock. ValuEngine downgraded PACCAR from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Piper Jaffray Companies upgraded PACCAR from a “neutral” rating to an “overweight” rating and set a $67.00 price target on the stock in a report on Wednesday, October 24th. Finally, Argus downgraded PACCAR from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. PACCAR has an average rating of “Hold” and a consensus target price of $68.73.

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PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used 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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