Insider Selling: PACCAR Inc. (NASDAQ:PCAR) CFO Sells 5,000 Shares of Stock

Key Points

• PACCAR Inc. CFO Brice J. Poplawski sold 5,000 shares of the company's stock for a total of $504,700, representing a 91.44% decrease in his ownership.
• For the recent quarter, PACCAR reported $1.37 earnings per share, exceeding analysts' expectations of $1.28, but revenue was down 15.7% year-over-year at $6.96 billion.
• The company has declared a quarterly dividend of $0.33, which will be paid on September 4th, with an annualized yield of 1.30%.

PACCAR Inc. (NASDAQ:PCAR - Get Free Report) CFO Brice J. Poplawski sold 5,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $100.94, for a total value of $504,700.00. Following the completion of the sale, the chief financial officer directly owned 468 shares of the company's stock, valued at approximately $47,239.92. This represents a 91.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PACCAR Stock Down 1.2%

Shares of NASDAQ PCAR traded down $1.16 during trading on Tuesday, reaching $99.48. The company had a trading volume of 2,218,090 shares, compared to its average volume of 3,367,746. PACCAR Inc. has a 12-month low of $84.65 and a 12-month high of $118.81. The stock has a market cap of $52.22 billion, a PE ratio of 17.03, a P/E/G ratio of 4.01 and a beta of 0.94. The business's 50-day moving average is $95.11 and its 200 day moving average is $98.16. The company has a quick ratio of 1.40, a current ratio of 1.73 and a debt-to-equity ratio of 0.55.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. PACCAR had a return on equity of 18.25% and a net margin of 9.88%. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $7.02 billion. During the same period last year, the firm posted $2.13 earnings per share. PACCAR's revenue was down 15.7% compared to the same quarter last year. As a group, equities analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, August 14th. PACCAR's dividend payout ratio is 22.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its stake in shares of PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company's stock worth $28,000 after buying an additional 100 shares during the period. Farmers & Merchants Investments Inc. raised its stake in shares of PACCAR by 33.1% in the first quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock worth $45,000 after buying an additional 116 shares during the period. RMR Wealth Builders raised its stake in shares of PACCAR by 1.4% in the first quarter. RMR Wealth Builders now owns 8,713 shares of the company's stock worth $848,000 after buying an additional 122 shares during the period. Applied Capital LLC FL raised its stake in shares of PACCAR by 0.5% in the first quarter. Applied Capital LLC FL now owns 25,210 shares of the company's stock worth $2,455,000 after buying an additional 124 shares during the period. Finally, Nicolet Advisory Services LLC raised its stake in shares of PACCAR by 3.7% in the fourth quarter. Nicolet Advisory Services LLC now owns 3,502 shares of the company's stock worth $373,000 after buying an additional 125 shares during the period. Institutional investors own 64.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank Of Canada lowered their price objective on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price objective on PACCAR from $95.00 to $97.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Citigroup upped their target price on PACCAR from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, June 24th. Argus upgraded PACCAR from a "hold" rating to a "buy" rating and set a $121.00 target price for the company in a report on Monday. Finally, Wall Street Zen upgraded PACCAR from a "sell" rating to a "hold" rating in a report on Saturday. Nine analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, PACCAR currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.77.

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.