PACCAR Inc. (NASDAQ:PCAR) Plans $0.33 Quarterly Dividend

PACCAR Inc. (NASDAQ:PCAR) declared a quarterly dividend on Tuesday, December 9th. Stockholders of record on Wednesday, February 11th will be paid a dividend of 0.33 per share on Wednesday, March 4th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, February 11th.

PACCAR has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. PACCAR has a dividend payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Analysts expect PACCAR to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.4%.

PACCAR Stock Up 1.5%

Shares of PACCAR stock traded up $1.59 during trading on Wednesday, reaching $110.50. The company’s stock had a trading volume of 461,153 shares, compared to its average volume of 2,908,679. PACCAR has a 1-year low of $84.65 and a 1-year high of $116.86. The company has a 50-day simple moving average of $99.73 and a two-hundred day simple moving average of $98.02. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.56. The company has a market cap of $58.03 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 15.01 and a beta of 1.01.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The business had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.23 billion. During the same period in the prior year, the company earned $1.85 earnings per share. The company’s quarterly revenue was down 20.7% on a year-over-year basis. As a group, equities analysts forecast that PACCAR will post 7.57 earnings per share for the current year.

Insider Activity

In related news, CFO Brice J. Poplawski sold 3,369 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $101.15, for a total transaction of $340,774.35. Following the completion of the transaction, the chief financial officer directly owned 468 shares in the company, valued at $47,338.20. The trade was a 87.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of PACCAR

A number of hedge funds have recently modified their holdings of PCAR. Private Wealth Management Group LLC lifted its holdings in PACCAR by 293.1% in the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after acquiring an additional 211 shares during the period. Hazlett Burt & Watson Inc. grew its stake in shares of PACCAR by 53.8% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock worth $28,000 after purchasing an additional 100 shares during the period. Wealth Watch Advisors INC purchased a new position in shares of PACCAR during the 3rd quarter valued at approximately $32,000. AlphaQuest LLC acquired a new position in shares of PACCAR in the 3rd quarter valued at $38,000. Finally, Bayforest Capital Ltd lifted its stake in shares of PACCAR by 234.2% in the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 64.90% of the company’s stock.

About PACCAR

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.