Insider Selling: PACCAR Inc (PCAR) VP Sells 281 Shares of Stock

PACCAR Inc (NASDAQ:PCAR) VP Todd R. Hubbard sold 281 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $70.00, for a total transaction of $19,670.00. Following the completion of the transaction, the vice president now owns 4,124 shares in the company, valued at $288,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PCAR traded down $0.65 during mid-day trading on Friday, hitting $69.24. The stock had a trading volume of 1,503,532 shares, compared to its average volume of 1,728,037. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.32 and a current ratio of 2.49. The firm has a market cap of $23.99 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.23 and a beta of 1.24. PACCAR Inc has a 1-year low of $53.43 and a 1-year high of $73.00.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.16. The company had revenue of $6.14 billion for the quarter, compared to analyst estimates of $6 billion. PACCAR had a net margin of 9.50% and a return on equity of 25.94%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share. Equities analysts forecast that PACCAR Inc will post 6.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.28 annualized dividend and a yield of 1.85%. PACCAR’s dividend payout ratio (DPR) is presently 20.51%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brandywine Oak Private Wealth LLC raised its holdings in PACCAR by 1.8% in the first quarter. Brandywine Oak Private Wealth LLC now owns 8,315 shares of the company’s stock worth $566,000 after purchasing an additional 148 shares during the period. Securian Asset Management Inc raised its holdings in shares of PACCAR by 0.5% during the first quarter. Securian Asset Management Inc now owns 35,455 shares of the company’s stock worth $2,416,000 after acquiring an additional 163 shares during the period. Castle Rock Wealth Management LLC raised its holdings in shares of PACCAR by 2.2% during the fourth quarter. Castle Rock Wealth Management LLC now owns 8,291 shares of the company’s stock worth $544,000 after acquiring an additional 180 shares during the period. O Shares Investment Advisers LLC raised its holdings in shares of PACCAR by 1.5% during the first quarter. O Shares Investment Advisers LLC now owns 12,960 shares of the company’s stock worth $883,000 after acquiring an additional 192 shares during the period. Finally, Mason Street Advisors LLC raised its holdings in shares of PACCAR by 0.4% during the first quarter. Mason Street Advisors LLC now owns 49,464 shares of the company’s stock worth $3,370,000 after acquiring an additional 199 shares during the period. Institutional investors own 62.37% of the company’s stock.

Several equities analysts recently weighed in on PCAR shares. Zacks Investment Research lowered shares of PACCAR from a “buy” rating to a “hold” rating in a report on Friday, February 1st. BidaskClub lowered shares of PACCAR from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Longbow Research lowered shares of PACCAR from a “buy” rating to a “neutral” rating and set a $71.38 price objective on the stock. in a report on Monday, May 6th. Finally, Credit Suisse Group restated a “hold” rating and issued a $63.00 price objective on shares of PACCAR in a report on Tuesday, January 22nd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. PACCAR presently has a consensus rating of “Hold” and a consensus price target of $66.16.

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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. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes 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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