Paulo Henrique Bolgar Sells 12,183 Shares of PACCAR (NASDAQ:PCAR) Stock

PACCAR Inc. (NASDAQ:PCAR) VP Paulo Henrique Bolgar sold 12,183 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $122.43, for a total value of $1,491,564.69. Following the transaction, the vice president owned 6,274 shares of the company’s stock, valued at $768,125.82. The trade was a 66.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

PACCAR Stock Performance

PCAR stock traded up $1.70 during midday trading on Monday, reaching $124.61. 2,944,539 shares of the company’s stock traded hands, compared to its average volume of 3,303,597. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $125.36. The company has a 50-day moving average price of $113.86 and a two-hundred day moving average price of $103.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.70. The firm has a market capitalization of $65.45 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.03 and a beta of 1.03.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The business had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the prior year, the firm posted $1.66 EPS. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. As a group, equities analysts anticipate that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.32 annualized dividend and a dividend yield of 1.1%. PACCAR’s dividend payout ratio (DPR) is currently 29.27%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ares Financial Consulting LLC bought a new stake in PACCAR in the 4th quarter worth approximately $27,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of PACCAR by 53.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares during the last quarter. Private Wealth Management Group LLC increased its stake in PACCAR by 293.1% during the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares during the last quarter. Wealth Watch Advisors INC purchased a new position in shares of PACCAR in the 3rd quarter worth approximately $32,000. Finally, Camelot Portfolios LLC bought a new stake in PACCAR in the fourth quarter worth $33,000. Institutional investors own 64.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PCAR shares. Morgan Stanley boosted their price objective on shares of PACCAR from $93.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $90.00 target price on shares of PACCAR in a research report on Tuesday, October 21st. Raymond James Financial reiterated a “market perform” rating on shares of PACCAR in a report on Tuesday, October 21st. Truist Financial increased their price objective on PACCAR from $108.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Finally, Wells Fargo & Company set a $119.00 price objective on shares of PACCAR and gave the stock an “equal weight” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PACCAR currently has a consensus rating of “Hold” and a consensus target price of $115.92.

About PACCAR

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.