C Michael Dozier Sells 4,032 Shares of Paccar Inc. (PCAR) Stock
Paccar Inc. (NASDAQ:PCAR) VP C Michael Dozier sold 4,032 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $55.66, for a total transaction of $224,421.12. Following the completion of the sale, the vice president now directly owns 4,032 shares in the company, valued at $224,421.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Paccar Inc. (NASDAQ:PCAR) opened at 59.17 on Monday. The firm has a market cap of $20.74 billion, a price-to-earnings ratio of 36.01 and a beta of 1.30. Paccar Inc. has a 52 week low of $43.46 and a 52 week high of $60.86. The company has a 50-day moving average of $57.04 and a 200-day moving average of $56.45.
Paccar (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by $0.01. The company earned $4.25 billion during the quarter, compared to analyst estimates of $4.08 billion. Paccar had a return on equity of 20.96% and a net margin of 3.41%. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. Equities research analysts forecast that Paccar Inc. will post $3.90 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Wednesday, November 16th. Paccar’s payout ratio is 58.54%.
Large investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Paccar by 2.7% in the first quarter. Wellington Management Group LLP now owns 2,216,874 shares of the company’s stock worth $121,241,000 after buying an additional 57,859 shares during the period. Kennedy Capital Management Inc. acquired a new position in Paccar during the first quarter worth $5,412,000. AMP Capital Investors Ltd raised its position in Paccar by 1.4% in the first quarter. AMP Capital Investors Ltd now owns 96,249 shares of the company’s stock worth $5,251,000 after buying an additional 1,300 shares during the period. National Pension Service raised its position in Paccar by 3.6% in the first quarter. National Pension Service now owns 252,953 shares of the company’s stock worth $13,834,000 after buying an additional 8,843 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its position in Paccar by 131.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 396,192 shares of the company’s stock worth $21,668,000 after buying an additional 225,000 shares during the period. Institutional investors and hedge funds own 60.39% of the company’s stock.
Several equities research analysts recently commented on the stock. Deutsche Bank AG assumed coverage on shares of Paccar in a research report on Tuesday, September 6th. They issued a “hold” rating and a $63.00 price objective on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Paccar in a research report on Friday, July 29th. Zacks Investment Research raised shares of Paccar from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. TheStreet cut shares of Paccar from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Finally, Barclays PLC set a $47.00 price objective on shares of Paccar and gave the company a “sell” rating in a research report on Wednesday, July 27th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.13.
Paccar Company Profile
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.
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