PACCAR Inc. (PCAR) to Issue $0.25 Quarterly Dividend
PACCAR Inc. (NASDAQ:PCAR) declared a quarterly dividend on Tuesday, September 12th, RTT News reports. Shareholders of record on Tuesday, November 14th will be given a dividend of 0.25 per share on Tuesday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.45%.
PACCAR (NASDAQ PCAR) traded up 0.35% on Wednesday, reaching $68.98. The company’s stock had a trading volume of 567,455 shares. PACCAR has a one year low of $53.38 and a one year high of $70.32. The stock has a market cap of $24.24 billion, a P/E ratio of 18.46 and a beta of 1.15. The stock has a 50-day moving average of $66.16 and a 200-day moving average of $66.06.
PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.99 by $0.07. PACCAR had a return on equity of 18.61% and a net margin of 7.77%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company earned $1.06 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts predict that PACCAR will post $4.00 EPS for the current fiscal year.
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In other PACCAR news, insider T. Kyle Quinn sold 2,786 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $67.89, for a total transaction of $189,141.54. Following the completion of the transaction, the insider now owns 20,800 shares in the company, valued at approximately $1,412,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.64% of the company’s stock.
Several research firms have recently commented on PCAR. Citigroup Inc. raised their price objective on PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. BidaskClub raised PACCAR from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC set a $77.00 price objective on PACCAR and gave the stock a “buy” rating in a research note on Sunday, May 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $67.00 price objective on shares of PACCAR in a research note on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $72.00 price objective on shares of PACCAR in a research note on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. PACCAR presently has a consensus rating of “Hold” and a consensus target price of $71.74.
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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