Paulo Henrique Bolgar Sells 2,897 Shares of PACCAR (NASDAQ:PCAR) Stock

PACCAR Inc. (NASDAQ:PCAR) VP Paulo Henrique Bolgar sold 2,897 shares of PACCAR stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $133.90, for a total transaction of $387,908.30. Following the sale, the vice president owned 3,831 shares of the company’s stock, valued at approximately $512,970.90. The trade was a 43.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PACCAR Price Performance

PCAR stock opened at $135.96 on Wednesday. The firm has a 50 day simple moving average of $122.35 and a two-hundred day simple moving average of $121.09. The stock has a market cap of $71.56 billion, a PE ratio of 28.56, a P/E/G ratio of 1.05 and a beta of 0.97. PACCAR Inc. has a one year low of $92.25 and a one year high of $139.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. On average, analysts predict that PACCAR Inc. will post 5.81 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be given a $0.35 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. PACCAR’s payout ratio is presently 29.41%.

Analyst Ratings Changes

PCAR has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Truist Financial raised their price objective on PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings downgraded PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Wells Fargo & Company boosted their target price on PACCAR from $125.00 to $157.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $148.00 price target on shares of PACCAR in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $131.70.

Key Stories Impacting PACCAR

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR’s latest earnings exceeded expectations, with quarterly EPS of $1.43 versus the $1.36 consensus and revenue of $7.55 billion versus estimates of $7.05 billion. Revenue increased 0.5% year over year, indicating resilient demand for its commercial trucks and related services.
• Positive Sentiment: The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a yield of approximately 1.1%. The payout ratio remains moderate at 29.41%, supporting the stock’s income appeal. PACCAR dividend article
• Positive Sentiment: Several analysts raised their price targets after the earnings report, including JPMorgan to $164 and Wells Fargo to $157. These revisions suggest some analysts see additional upside despite the stock’s recent strength.
• Neutral Sentiment: Analyst opinion remains mixed. PACCAR carries a consensus “Hold” rating, with an average price target of $131.70, below recent trading levels. The valuation is also elevated at roughly 28 times earnings, leaving less room for disappointing results.
• Negative Sentiment: Multiple executives sold shares on July 31. CEO R. Preston Feight sold 50,975 shares for approximately $6.78 million, reducing his direct holdings by 15.95%. CFO Brice J. Poplawski sold 1,970 shares, cutting his position by 58.61%, while VPs William Lance Walters and Paulo Henrique Bolgar also reduced their holdings. The coordinated selling may raise concerns about insider conviction, although such transactions can reflect personal financial planning rather than a negative outlook. PACCAR insider selling article

Institutional Trading of PACCAR

Several large investors have recently modified their holdings of the business. Norges Bank bought a new position in PACCAR in the fourth quarter worth $727,745,000. Wellington Management Group LLP increased its stake in shares of PACCAR by 18.6% in the 4th quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock worth $2,516,272,000 after acquiring an additional 3,597,283 shares in the last quarter. UBS Group AG lifted its position in PACCAR by 74.4% during the 4th quarter. UBS Group AG now owns 4,548,861 shares of the company’s stock valued at $498,146,000 after acquiring an additional 1,940,260 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in PACCAR by 129.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,275,921 shares of the company’s stock worth $249,237,000 after acquiring an additional 1,286,056 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in PACCAR by 17,292.6% during the fourth quarter. Focus Partners Wealth now owns 1,202,700 shares of the company’s stock worth $131,725,000 after acquiring an additional 1,195,785 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.