PACCAR Inc (NASDAQ:PCAR – Get Free Report) SVP Kevin D. Baney sold 9,894 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $107.00, for a total value of $1,058,658.00. Following the completion of the sale, the senior vice president now owns 7,121 shares in the company, valued at approximately $761,947. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
PACCAR Stock Performance
PCAR opened at $104.90 on Thursday. The firm’s fifty day simple moving average is $100.01 and its two-hundred day simple moving average is $102.94. PACCAR Inc has a 52-week low of $80.94 and a 52-week high of $125.50. The company has a market cap of $54.99 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.65 and a beta of 0.91. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.52.
PACCAR (NASDAQ:PCAR – Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The firm had revenue of $8.24 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same period last year, the company posted $2.34 EPS. PACCAR’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities analysts anticipate that PACCAR Inc will post 8 earnings per share for the current fiscal year.
PACCAR Dividend Announcement
Analysts Set New Price Targets
A number of research firms have recently weighed in on PCAR. StockNews.com upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI cut their price target on PACCAR from $109.00 to $99.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. decreased their price objective on PACCAR from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Citigroup raised their target price on PACCAR from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley decreased their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, PACCAR presently has an average rating of “Hold” and a consensus target price of $114.18.
Check Out Our Latest Analysis on PACCAR
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in shares of PACCAR during the first quarter worth $27,000. Quarry LP acquired a new position in PACCAR during the second quarter worth about $26,000. Meeder Asset Management Inc. grew its stake in PACCAR by 269.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock valued at $29,000 after acquiring an additional 205 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in PACCAR in the 2nd quarter valued at about $36,000. Finally, Fortitude Family Office LLC lifted its stake in PACCAR by 200.0% in the 2nd quarter. Fortitude Family Office LLC now owns 366 shares of the company’s stock worth $38,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.
PACCAR Company Profile
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.
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