PACCAR Inc (PCAR) VP Todd R. Hubbard Sells 281 Shares
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.
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.
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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