Brice Poplawski Sells 3,369 Shares of PACCAR (NASDAQ:PCAR) Stock

PACCAR Inc. (NASDAQ:PCAR) CFO Brice Poplawski sold 3,369 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $101.15, for a total transaction of $340,774.35. Following the completion of the sale, the chief financial officer owned 468 shares of the company’s stock, valued at approximately $47,338.20. This trade represents a 87.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PACCAR Stock Down 1.9%

PCAR stock opened at $99.17 on Wednesday. The company has a fifty day moving average price of $98.56 and a 200 day moving average price of $95.91. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81. The company has a market cap of $52.07 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 4.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 1.51.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.23 billion. During the same quarter last year, the company earned $1.85 EPS. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. Sell-side analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be given a $0.33 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.32 annualized dividend and a yield of 1.3%. PACCAR’s dividend payout ratio is 25.83%.

Analyst Ratings Changes

Several equities research analysts have recently commented on PCAR shares. Argus upgraded PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Monday, July 28th. Wall Street Zen cut PACCAR from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group set a $103.00 price target on PACCAR and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group restated a “hold” rating and set a $90.00 price target on shares of PACCAR in a research note on Tuesday, October 21st. Finally, Evercore ISI set a $114.00 price target on PACCAR and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $106.59.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Hazlett Burt & Watson Inc. raised its position in PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Private Wealth Management Group LLC raised its stake in shares of PACCAR by 293.1% during the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after buying an additional 211 shares during the last quarter. Bayforest Capital Ltd raised its stake in shares of PACCAR by 234.2% during the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock worth $38,000 after buying an additional 274 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of PACCAR during the 1st quarter worth $40,000. Finally, Hantz Financial Services Inc. raised its stake in shares of PACCAR by 43.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $42,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, 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.