PACCAR Inc. (NASDAQ:PCAR) CFO Sells $504,700.00 in 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 dated Friday, July 25th. The shares were sold at an average price of $100.94, for a total transaction of $504,700.00. Following the sale, the chief financial officer owned 468 shares of the company's stock, valued at $47,239.92. This trade represents a 91.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PACCAR Trading Up 0.1%

Shares of NASDAQ:PCAR traded up $0.14 during trading on Friday, reaching $101.57. The stock had a trading volume of 2,983,237 shares, compared to its average volume of 2,940,013. The firm's fifty day moving average is $94.94 and its 200 day moving average is $98.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.19 and a current ratio of 1.73. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $118.81. The stock has a market cap of $53.32 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 3.83 and a beta of 0.94.

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

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.30%. PACCAR's dividend payout ratio (DPR) is currently 20.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank Of Canada dropped their price target on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Morgan Stanley cut shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective on the stock. in a research note on Wednesday, April 16th. UBS Group upgraded shares of PACCAR from a "sell" rating to a "neutral" rating and increased their target price for the stock from $81.00 to $100.00 in a report on Wednesday. Evercore ISI lowered their price target on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Finally, Truist Financial decreased their price objective on shares of PACCAR from $102.00 to $98.00 and set a "hold" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $106.45.

Hedge Funds Weigh In On PACCAR

Large investors have recently modified their holdings of the company. LPL Financial LLC lifted its position in PACCAR by 6.1% during the fourth quarter. LPL Financial LLC now owns 212,405 shares of the company's stock valued at $22,094,000 after purchasing an additional 12,143 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in PACCAR by 15.1% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 794,946 shares of the company's stock valued at $77,404,000 after purchasing an additional 104,281 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in PACCAR by 62.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company's stock valued at $3,533,000 after purchasing an additional 13,904 shares during the period. China Universal Asset Management Co. Ltd. increased its position in PACCAR by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company's stock valued at $1,262,000 after purchasing an additional 4,429 shares during the period. Finally, Moran Wealth Management LLC grew its position in shares of PACCAR by 28.8% in the 1st quarter. Moran Wealth Management LLC now owns 235,167 shares of the company's stock worth $22,898,000 after buying an additional 52,525 shares during the period. 64.90% of the stock is currently owned by institutional investors.

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.

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