PACCAR Inc. to Issue Quarterly Dividend of $0.25 (PCAR)
PACCAR Inc. (NASDAQ:PCAR) declared a quarterly dividend on Tuesday, July 11th, RTT News reports. Investors of record on Wednesday, August 16th will be given a dividend of 0.25 per share on Wednesday, September 6th. This represents a $1.00 annualized dividend and a yield of 1.47%. The ex-dividend date is Monday, August 14th.
PACCAR (PCAR) opened at 67.90 on Wednesday. The stock has a market cap of $23.85 billion, a P/E ratio of 18.17 and a beta of 1.14. PACCAR has a 52-week low of $53.38 and a 52-week high of $70.32. The firm’s 50-day moving average is $66.86 and its 200-day moving average is $66.52.
PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, July 25th. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. PACCAR’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that PACCAR will post $4.00 earnings per share for the current year.
In related news, insider T. Kyle Quinn sold 2,786 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total transaction of $189,141.54. Following the sale, the insider now directly owns 20,800 shares in the company, valued at $1,412,112. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.64% of the stock is currently owned by corporate insiders.
PCAR has been the topic of a number of recent analyst reports. Credit Suisse Group set a $68.00 target price on shares of PACCAR and gave the company a “hold” rating in a research report on Wednesday, April 12th. Piper Jaffray Companies cut shares of PACCAR from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $72.00 to $66.00 in a research report on Tuesday, April 18th. OTR Global raised shares of PACCAR to a “positive” rating in a research report on Tuesday, April 18th. Barclays PLC upped their target price on shares of PACCAR from $57.00 to $59.00 and gave the company an “underweight” rating in a research report on Wednesday, April 19th. Finally, BMO Capital Markets reissued a “buy” rating and set a $85.00 price target on shares of PACCAR in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. PACCAR currently has an average rating of “Hold” and an average price target of $72.00.
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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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