Key Points
- PACCAR VP Paulo Henrique Bolgar sold 12,183 shares at an average price of $122.43 for about $1.49 million, cutting his stake by 66.01% to 6,274 shares.
- PACCAR reported Q results with EPS of $1.06 (in line with estimates) but revenue of $4.61 billion missed the $6.06 billion consensus and was down 15.1% year-over-year.
- The company announced a quarterly dividend of $0.33 (annualized $1.32, ~1.1% yield), with an ex-dividend date of February 11 and payment on March 4.
PACCAR Inc. (NASDAQ:PCAR - Get Free Report) CFO Brice Poplawski sold 2,200 shares of the firm's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $123.99, for a total transaction of $272,778.00. Following the transaction, the chief financial officer directly owned 903 shares in the company, valued at $111,962.97. The trade was a 70.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
PACCAR Trading Up 1.4%
NASDAQ PCAR opened at $124.61 on Tuesday. The firm's fifty day moving average is $114.30 and its two-hundred day moving average is $104.02. PACCAR Inc. has a one year low of $84.65 and a one year high of $125.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.70. The firm has a market cap of $65.45 billion, a PE ratio of 27.63, a P/E/G ratio of 1.03 and a beta of 1.01.
PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $6.06 billion. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The business's revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the company posted $1.66 earnings per share. Analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.
PACCAR Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, February 11th. PACCAR's dividend payout ratio (DPR) is 29.27%.
Institutional Investors Weigh In On PACCAR
Several institutional investors have recently made changes to their positions in PCAR. Jackson Square Capital LLC increased its holdings in shares of PACCAR by 3.5% in the 4th quarter. Jackson Square Capital LLC now owns 2,650 shares of the company's stock valued at $290,000 after purchasing an additional 90 shares in the last quarter. Lakeside Advisors INC. boosted its holdings in PACCAR by 0.3% during the fourth quarter. Lakeside Advisors INC. now owns 34,053 shares of the company's stock worth $3,729,000 after buying an additional 92 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in PACCAR by 53.8% during the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company's stock worth $28,000 after buying an additional 100 shares during the period. Fidelis Capital Partners LLC grew its position in PACCAR by 2.9% during the second quarter. Fidelis Capital Partners LLC now owns 3,759 shares of the company's stock worth $366,000 after buying an additional 105 shares during the period. Finally, First Pacific Financial increased its holdings in PACCAR by 11.1% in the fourth quarter. First Pacific Financial now owns 1,058 shares of the company's stock valued at $116,000 after buying an additional 106 shares in the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently weighed in on PCAR shares. Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a report on Saturday. Wells Fargo & Company set a $119.00 price objective on shares of PACCAR and gave the company an "equal weight" rating in a research note on Friday, January 23rd. Wolfe Research upgraded shares of PACCAR from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, October 22nd. Jefferies Financial Group reaffirmed a "hold" rating and issued a $90.00 target price on shares of PACCAR in a report on Tuesday, October 21st. Finally, Weiss Ratings lowered shares of PACCAR from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, PACCAR has an average rating of "Hold" and an average price target of $115.92.
View Our Latest Stock Report on PCAR
About PACCAR
(
Get Free Report)
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.
Further Reading
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