PACCAR Inc. (PCAR) to Issue Quarterly Dividend of $0.25 on December 5th
PACCAR Inc. (NASDAQ:PCAR) announced a quarterly dividend on Tuesday, September 12th, RTT News reports. Stockholders of record on Tuesday, November 14th will be given a dividend of 0.25 per share on Tuesday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, November 13th.
Shares of PACCAR (NASDAQ:PCAR) opened at $69.59 on Friday. The stock has a market cap of $24,468.54, a P/E ratio of 17.84, a PEG ratio of 1.66 and a beta of 1.24. The company has a current ratio of 2.56, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. PACCAR has a 1 year low of $58.38 and a 1 year high of $75.68.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. sell-side analysts expect that PACCAR will post 4.18 EPS for the current year.
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PCAR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday, September 5th. Buckingham Research initiated coverage on shares of PACCAR in a research report on Tuesday, September 5th. They set a “neutral” rating and a $65.00 price objective on the stock. ValuEngine upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Royal Bank Of Canada reiterated a “buy” rating on shares of PACCAR in a research report on Friday, September 1st. Finally, Citigroup Inc. boosted their price target on shares of PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $75.95.
In other news, insider Mark C. Pigott sold 98,956 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $71.37, for a total transaction of $7,062,489.72. Following the completion of the sale, the insider now directly owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Alma Lily Ley sold 4,024 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total transaction of $285,704.00. Following the sale, the vice president now directly owns 24,319 shares of the company’s stock, valued at $1,726,649. The disclosure for this sale can be found here. Insiders own 2.64% of the company’s stock.
PACCAR Company Profile
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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