Brice Poplawski Sells 1,970 Shares of PACCAR (NASDAQ:PCAR) Stock

PACCAR Inc. (NASDAQ:PCAR) CFO Brice Poplawski sold 1,970 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $132.50, for a total value of $261,025.00. Following the transaction, the chief financial officer owned 1,391 shares in the company, valued at approximately $184,307.50. This trade represents a 58.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $135.96 on Wednesday. The stock has a market capitalization of $71.56 billion, a P/E ratio of 28.56, a P/E/G ratio of 1.05 and a beta of 0.97. The business has a 50-day moving average of $122.35 and a two-hundred day moving average of $121.09. PACCAR Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $139.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts predict that PACCAR Inc. will post 5.81 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 12th. PACCAR’s dividend payout ratio is currently 29.41%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ares Financial Consulting LLC bought a new position in PACCAR in the 4th quarter valued at $27,000. Steph & Co. bought a new stake in shares of PACCAR during the first quarter worth $29,000. MCF Advisors LLC lifted its stake in shares of PACCAR by 57.5% during the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 92 shares during the period. Elyxium Wealth LLC acquired a new position in shares of PACCAR during the fourth quarter valued at $30,000. Finally, Camelot Portfolios LLC bought a new position in shares of PACCAR in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analyst Ratings Changes

PCAR has been the topic of several recent analyst reports. Morgan Stanley set a $119.00 target price on shares of PACCAR in a report on Wednesday, July 29th. Truist Financial upped their price target on shares of PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings downgraded PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their price objective on PACCAR from $125.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $131.70.

Key Headlines Impacting PACCAR

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR’s latest earnings exceeded expectations, with quarterly EPS of $1.43 versus the $1.36 consensus and revenue of $7.55 billion versus estimates of $7.05 billion. Revenue increased 0.5% year over year, indicating resilient demand for its commercial trucks and related services.
• Positive Sentiment: The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a yield of approximately 1.1%. The payout ratio remains moderate at 29.41%, supporting the stock’s income appeal. PACCAR dividend article
• Positive Sentiment: Several analysts raised their price targets after the earnings report, including JPMorgan to $164 and Wells Fargo to $157. These revisions suggest some analysts see additional upside despite the stock’s recent strength.
• Neutral Sentiment: Analyst opinion remains mixed. PACCAR carries a consensus “Hold” rating, with an average price target of $131.70, below recent trading levels. The valuation is also elevated at roughly 28 times earnings, leaving less room for disappointing results.
• Negative Sentiment: Multiple executives sold shares on July 31. CEO R. Preston Feight sold 50,975 shares for approximately $6.78 million, reducing his direct holdings 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 reduced their holdings. The coordinated selling may raise concerns about insider conviction, although such transactions can reflect personal financial planning rather than a negative outlook. 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.