Insider Selling: PACCAR (NASDAQ:PCAR) VP Sells $133,500.00 in Stock

PACCAR Inc. (NASDAQ:PCAR) VP William Lance Walters sold 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.50, for a total transaction of $133,500.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

PACCAR Stock Performance

Shares of PCAR opened at $133.34 on Thursday. The business has a 50-day simple moving average of $122.77 and a two-hundred day simple moving average of $121.17. The company has a quick ratio of 2.90, a current ratio of 3.12 and a debt-to-equity ratio of 0.49. PACCAR Inc. has a 52 week low of $92.25 and a 52 week high of $139.24. The stock has a market cap of $70.18 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.08 and a beta of 0.97.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The firm had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. On average, analysts expect that PACCAR Inc. will post 5.85 EPS for the current year.

PACCAR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.40 annualized dividend and a yield of 1.0%. PACCAR’s payout ratio is currently 29.41%.

Analyst Ratings Changes

A number of research analysts recently weighed in on PCAR shares. Morgan Stanley set a $119.00 target price on shares of PACCAR in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Evercore set a $139.00 target price on PACCAR in a research report on Monday, May 11th. Citigroup lifted their price objective on shares of PACCAR from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $148.00 price objective on shares of PACCAR in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $131.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in PACCAR by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 63,475,226 shares of the company’s stock valued at $6,951,172,000 after acquiring an additional 363,782 shares during the period. Wellington Management Group LLP lifted its position in shares of PACCAR by 18.6% during the fourth quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock worth $2,516,272,000 after purchasing an additional 3,597,283 shares during the last quarter. State Street Corp lifted its position in shares of PACCAR by 0.4% during the fourth quarter. State Street Corp now owns 22,497,197 shares of the company’s stock worth $2,494,269,000 after purchasing an additional 94,869 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of PACCAR by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 12,308,610 shares of the company’s stock valued at $1,350,867,000 after purchasing an additional 50,622 shares during the period. Finally, Norges Bank purchased a new stake in shares of PACCAR during the fourth quarter valued at $727,745,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Company Profile

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.