PACCAR Inc. (PCAR) to Issue Quarterly Dividend of $0.35 on December 2nd

PACCAR Inc. (NASDAQ:PCAR) declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, November 11th will be given a dividend of 0.35 per share on Wednesday, December 2nd. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 10th.

PACCAR has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. PACCAR has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PACCAR to earn $7.23 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 19.4%.

PACCAR Price Performance

PACCAR stock opened at $116.06 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12. The firm has a market cap of $61.09 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.34 and a beta of 0.96. The business’s fifty day moving average is $127.59 and its two-hundred day moving average is $121.47. PACCAR has a 52 week low of $92.25 and a 52 week high of $139.24.

PACCAR (NASDAQ:PCAR) last announced its earnings results 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. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The company had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.05 billion. During the same period last year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that PACCAR will post 5.91 earnings per share for the current fiscal year.

Insider Buying and Selling at PACCAR

In other news, VP Paulo Henrique Bolgar sold 2,897 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $133.90, for a total value of $387,908.30. Following the transaction, the vice president owned 3,831 shares of the company’s stock, valued at approximately $512,970.90. This trade represents a 43.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R Feight sold 50,975 shares of PACCAR stock in a transaction that occurred 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 sale, the chief executive officer owned 268,625 shares of the company’s stock, valued at approximately $35,745,928.75. This represents a 15.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 56,842 shares of company stock valued at $7,565,677. 1.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Anchor Investment Management LLC increased its holdings in PACCAR by 2,760.0% in the second quarter. Anchor Investment Management LLC now owns 429 shares of the company’s stock valued at $52,000 after purchasing an additional 414 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of PACCAR by 1.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,303 shares of the company’s stock worth $1,838,000 after buying an additional 292 shares during the period. National Pension Service increased its stake in shares of PACCAR by 4.1% in the 2nd quarter. National Pension Service now owns 1,400,624 shares of the company’s stock valued at $168,243,000 after acquiring an additional 55,330 shares during the last quarter. WINTON GROUP Ltd bought a new position in PACCAR during the 2nd quarter worth approximately $1,401,000. Finally, Engineers Gate Manager LP increased its position in shares of PACCAR by 500.9% in the 2nd quarter. Engineers Gate Manager LP now owns 12,937 shares of the company’s stock valued at $1,554,000 after buying an additional 10,784 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Company Profile

PACCAR Inc is a global manufacturer of heavy-duty, medium-duty and light-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company serves the over-the-road, vocational and construction markets, offering vehicles designed for freight transportation and other commercial applications.

In addition to truck manufacturing, PACCAR operates PACCAR Parts, which distributes replacement parts and related services through a global network. The company also provides truck financing and leasing through PACCAR Financial, supporting customers and dealers in several major markets.

PACCAR traces its history to 1905 and has grown from a regional equipment manufacturer into an international transportation company.