R Preston Feight Sells 50,975 Shares of PACCAR (NASDAQ:PCAR) Stock

PACCAR Inc. (NASDAQ:PCAR) CEO R Preston Feight sold 50,975 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $133.07, for a total transaction of $6,783,243.25. Following the completion of the transaction, the chief executive officer directly owned 268,625 shares of the company’s stock, valued at approximately $35,745,928.75. The trade was a 15.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

PACCAR Stock Performance

PCAR opened at $135.96 on Wednesday. The company has a market capitalization of $71.56 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 1.05 and a beta of 0.97. The business’s 50-day moving average price is $122.35 and its two-hundred day moving average price is $121.09. PACCAR Inc. has a 1 year low of $92.25 and a 1 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 posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share 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 analysts’ expectations of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.PACCAR’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. Equities analysts expect that PACCAR Inc. will post 5.81 EPS for the current fiscal year.

PACCAR Announces Dividend

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 given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. PACCAR’s dividend payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of PACCAR by 0.3% during the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock worth $9,258,000 after acquiring an additional 290 shares during the period. Focus Partners Wealth increased its stake in shares of PACCAR by 15.4% during the first quarter. Focus Partners Wealth now owns 13,604 shares of the company’s stock worth $1,324,000 after purchasing an additional 1,812 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of PACCAR by 2.3% during the second quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company’s stock worth $22,886,000 after purchasing an additional 5,327 shares during the period. Ieq Capital LLC lifted its holdings in PACCAR by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 37,404 shares of the company’s stock worth $3,556,000 after purchasing an additional 3,858 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in PACCAR during the 2nd quarter worth approximately $81,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR News Summary

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

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.