Todd R. Hubbard Sells 2,000 Shares of PACCAR Inc (NASDAQ:PCAR) Stock

PACCAR Inc (NASDAQ:PCARGet Free Report) VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the transaction, the vice president now directly owns 5,726 shares in the company, valued at $607,814.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PACCAR Trading Up 0.0 %

NASDAQ:PCAR traded up $0.01 during mid-day trading on Monday, hitting $106.02. 1,378,152 shares of the company’s stock were exchanged, compared to its average volume of 2,353,185. The company has a 50 day simple moving average of $97.82 and a 200-day simple moving average of $90.06. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.49. PACCAR Inc has a fifty-two week low of $67.48 and a fifty-two week high of $106.41. The firm has a market capitalization of $55.46 billion, a P/E ratio of 12.09, a PEG ratio of 1.70 and a beta of 0.90.

PACCAR (NASDAQ:PCARGet Free Report) last posted 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. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same period last year, the company earned $1.76 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that PACCAR Inc will post 7.96 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently declared a Special dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were given a $3.20 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This is an increase from PACCAR’s previous Special dividend of $0.89. PACCAR’s payout ratio is 12.31%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PCAR. The Goldman Sachs Group raised their target price on shares of PACCAR from $93.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. UBS Group raised their price target on shares of PACCAR from $90.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft upgraded shares of PACCAR from a “hold” rating to a “buy” rating and raised their price target for the company from $94.00 to $115.00 in a research note on Wednesday, October 25th. Citigroup raised their price target on shares of PACCAR from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley assumed coverage on shares of PACCAR in a research note on Monday, January 8th. They issued an “overweight” rating and a $125.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, PACCAR currently has an average rating of “Moderate Buy” and an average price target of $103.32.

View Our Latest Stock Analysis on PACCAR

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of PACCAR by 86.2% in the 2nd quarter. Larson Financial Group LLC now owns 296 shares of the company’s stock worth $25,000 after purchasing an additional 137 shares during the period. OFI Invest Asset Management acquired a new position in shares of PACCAR in the 3rd quarter worth approximately $26,000. AdvisorNet Financial Inc lifted its position in shares of PACCAR by 188.5% in the 4th quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock worth $27,000 after purchasing an additional 181 shares during the period. ST Germain D J Co. Inc. lifted its position in shares of PACCAR by 61.9% in the 3rd quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock worth $29,000 after purchasing an additional 130 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in shares of PACCAR in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 65.68% of the company’s stock.

PACCAR Company Profile

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

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