PACCAR Inc (NASDAQ:PCAR) VP Todd R. Hubbard sold 281 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $70.00, for a total transaction of $19,670.00. Following the transaction, the vice president now directly owns 4,124 shares of the company’s stock, valued at approximately $288,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ:PCAR traded down $0.65 during mid-day trading on Friday, hitting $69.24. The company’s stock had a trading volume of 1,503,532 shares, compared to its average volume of 1,728,037. PACCAR Inc has a fifty-two week low of $53.43 and a fifty-two week high of $73.00. The company has a quick ratio of 2.32, a current ratio of 2.49 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $24.21 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.24 and a beta of 1.24.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.16. PACCAR had a net margin of 9.50% and a return on equity of 25.94%. The firm had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, research analysts expect that PACCAR Inc will post 6.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, May 13th. PACCAR’s dividend payout ratio (DPR) is presently 20.51%.

Large investors have recently bought and sold shares of the stock. Cable Hill Partners LLC acquired a new position in PACCAR in the first quarter worth about $29,000. Ameritas Investment Corp acquired a new position in PACCAR in the first quarter worth about $30,000. Truvestments Capital LLC acquired a new position in PACCAR in the first quarter worth about $42,000. Berman Capital Advisors LLC acquired a new position in PACCAR in the fourth quarter worth about $43,000. Finally, Lindbrook Capital LLC acquired a new position in PACCAR in the fourth quarter worth about $47,000. 62.37% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of PACCAR to $70.00 and gave the company a “market perform” rating in a research report on Friday. Zacks Investment Research raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Friday, May 10th. Longbow Research lowered shares of PACCAR from a “buy” rating to a “neutral” rating and set a $71.38 price objective for the company. in a research report on Monday, May 6th. BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, Robert W. Baird raised shares of PACCAR from a “neutral” rating to an “outperform” rating and set a $66.32 price objective for the company in a research report on Thursday, February 7th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $66.16.

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About PACCAR

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

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