PACCAR (NASDAQ:PCAR) VP Paulo Henrique Bolgar Sells 2,897 Shares

PACCAR Inc. (NASDAQ:PCAR) VP Paulo Henrique Bolgar sold 2,897 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $133.90, for a total transaction of $387,908.30. Following the sale, the vice president owned 3,831 shares of the company’s stock, valued at $512,970.90. This represents a 43.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PACCAR Stock Down 0.5%

PCAR stock opened at $132.06 on Tuesday. PACCAR Inc. has a one year low of $92.25 and a one year high of $139.24. The firm has a market cap of $69.51 billion, a PE ratio of 27.74, a PEG ratio of 1.06 and a beta of 0.97. The firm’s 50 day moving average price is $121.87 and its 200-day moving average price is $120.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. On average, equities research analysts anticipate that PACCAR Inc. will post 5.78 EPS for the current year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 12th. PACCAR’s dividend payout ratio is 29.41%.

Analysts Set New Price Targets

A number of research analysts have commented on PCAR shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $148.00 target price on shares of PACCAR in a research report on Wednesday, July 29th. Citigroup boosted their price target on shares of PACCAR from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Evercore set a $139.00 price objective on shares of PACCAR in a report on Monday, May 11th. Weiss Ratings downgraded shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. boosted their target price on PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $131.70.

Institutional Trading of PACCAR

Institutional investors and hedge funds have recently bought and sold shares of the business. Everett Harris & Co. CA purchased a new position in shares of PACCAR in the second quarter valued at approximately $1,241,000. Stack Financial Management Inc acquired a new position in shares of PACCAR in the second quarter valued at approximately $24,757,000. Oppenheimer Asset Management Inc. purchased a new stake in PACCAR during the 2nd quarter worth approximately $7,731,000. Tema ETFs LLC increased its stake in PACCAR by 9.4% during the 2nd quarter. Tema ETFs LLC now owns 8,429 shares of the company’s stock worth $1,012,000 after buying an additional 725 shares during the period. Finally, Allied Private Wealth LLC purchased a new stake in PACCAR during the 2nd quarter worth approximately $37,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting PACCAR

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR’s latest quarterly results exceeded expectations: adjusted EPS was $1.43 versus the $1.36 consensus, while revenue reached $7.55 billion compared with estimates of $7.05 billion. Revenue increased 0.5% year over year, providing evidence of resilient demand. PACCAR stock information
• Positive Sentiment: The company declared a quarterly dividend of $0.35 per share, payable September 2 to shareholders of record August 12. The annualized payout is $1.40, representing an approximately 1.1% yield and a manageable 29.41% payout ratio. Dividend increase article
• Positive Sentiment: Several analysts raised their targets following the earnings report. JPMorgan increased its target to $164 with an overweight rating, while Wells Fargo lifted its target to $157, although it maintained an equal-weight rating. Bernstein reiterated an outperform rating with a $148 target.
• Neutral Sentiment: Despite the target increases, analyst sentiment remains cautious: the consensus rating is “Hold,” based on three Buy and eleven Hold ratings, with an average target of $131.70. PCAR is trading near its 52-week high, at a valuation of about 27.7 times earnings.
• Negative Sentiment: Insider selling is the clearest near-term overhang. CEO R. Preston Feight sold 50,975 shares for approximately $6.78 million, reducing his direct stake by 15.95%. CFO Brice J. Poplawski sold 1,970 shares, cutting his position by 58.61%, while VPs William Lance Walters and Paulo Henrique Bolgar also sold shares. The transactions may raise caution about insider conviction, although insider sales can also reflect personal financial planning. PACCAR insider selling article

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.