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

PACCAR Inc. (NASDAQ:PCAR) CFO Brice Poplawski sold 1,970 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $132.50, for a total transaction of $261,025.00. Following the sale, the chief financial officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PACCAR Price Performance

Shares of PCAR opened at $132.06 on Tuesday. The business’s 50-day moving average is $121.87 and its 200-day moving average is $120.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90. The company has a market capitalization of $69.51 billion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 1.06 and a beta of 0.97. PACCAR Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $139.24.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.05 billion. During the same period last year, the company earned $1.37 earnings per share. PACCAR’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts expect that PACCAR Inc. will post 5.78 EPS for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 12th. PACCAR’s payout ratio is presently 29.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their target price on PACCAR from $125.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Truist Financial lifted their price target on shares of PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Evercore set a $139.00 price objective on shares of PACCAR in a research note on Monday, May 11th. Weiss Ratings lowered shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $131.70.

PACCAR News Summary

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR’s latest quarterly results exceeded expectations: adjusted EPS was $1.43 versus the $1.36 consensus, while revenue reached $7.55 billion compared with estimates of $7.05 billion. Revenue increased 0.5% year over year, providing evidence of resilient demand. PACCAR stock information
• Positive Sentiment: The company declared a quarterly dividend of $0.35 per share, payable September 2 to shareholders of record August 12. The annualized payout is $1.40, representing an approximately 1.1% yield and a manageable 29.41% payout ratio. Dividend increase article
• Positive Sentiment: Several analysts raised their targets following the earnings report. JPMorgan increased its target to $164 with an overweight rating, while Wells Fargo lifted its target to $157, although it maintained an equal-weight rating. Bernstein reiterated an outperform rating with a $148 target.
• Neutral Sentiment: Despite the target increases, analyst sentiment remains cautious: the consensus rating is “Hold,” based on three Buy and eleven Hold ratings, with an average target of $131.70. PCAR is trading near its 52-week high, at a valuation of about 27.7 times earnings.
• Negative Sentiment: Insider selling is the clearest near-term overhang. CEO R. Preston Feight sold 50,975 shares for approximately $6.78 million, reducing his direct stake 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 sold shares. The transactions may raise caution about insider conviction, although insider sales can also reflect personal financial planning. PACCAR insider selling article

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ares Financial Consulting LLC acquired a new stake in PACCAR during the 4th quarter valued at $27,000. MCF Advisors LLC grew its holdings in shares of PACCAR by 57.5% during the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 92 shares during the last quarter. Steph & Co. acquired a new stake in shares of PACCAR in the first quarter valued at $29,000. Elyxium Wealth LLC bought a new position in shares of PACCAR in the fourth quarter valued at about $30,000. Finally, Wealth Watch Advisors INC bought a new position in shares of PACCAR in the third quarter valued at about $32,000. Institutional investors own 64.90% of the company’s stock.

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.