Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of PACCAR Inc NASDAQ: PCAR. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in PACCAR stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
PACCAR Trading Down 0.4%
PCAR stock traded down $0.36 during midday trading on Wednesday, reaching $95.57. The company's stock had a trading volume of 404,540 shares, compared to its average volume of 2,757,426. PACCAR Inc has a 1 year low of $84.65 and a 1 year high of $118.81. The stock has a fifty day simple moving average of $94.10 and a two-hundred day simple moving average of $104.08. The firm has a market capitalization of $50.17 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54.
PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.12). The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The firm's revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. On average, equities research analysts predict that PACCAR Inc will post 7.57 EPS for the current year.
PACCAR Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.38%. PACCAR's dividend payout ratio is 20.00%.
Insiders Place Their Bets
In related news, CFO Harrie Schippers sold 28,676 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total value of $3,038,795.72. Following the transaction, the chief financial officer now directly owns 114,659 shares of the company's stock, valued at $12,150,414.23. This represents a 20.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pierre R. Breber bought 5,000 shares of PACCAR stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $89.78 per share, with a total value of $448,900.00. Following the purchase, the director now directly owns 13,015 shares in the company, valued at $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.02% of the stock is owned by insiders.
Analysts Set New Price Targets
Several brokerages have recently commented on PCAR. UBS Group downgraded PACCAR from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $108.00 to $78.00 in a report on Monday, April 7th. StockNews.com raised shares of PACCAR from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target for the company. in a report on Wednesday, April 16th. Royal Bank of Canada dropped their price objective on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Finally, Melius Research set a $120.00 price objective on shares of PACCAR in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, PACCAR currently has a consensus rating of "Hold" and a consensus target price of $105.23.
Check Out Our Latest Report on PACCAR
Hedge Funds Weigh In On PACCAR
Institutional investors and hedge funds have recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. grew its stake in PACCAR by 666.7% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock worth $27,000 after buying an additional 240 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of PACCAR by 221.8% during the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock valued at $29,000 after acquiring an additional 193 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in shares of PACCAR in the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new position in shares of PACCAR in the 4th quarter valued at approximately $37,000. Finally, Sunbelt Securities Inc. boosted its stake in PACCAR by 8,750.0% in the 4th quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after purchasing an additional 350 shares in the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
PACCAR Company Profile
(
Get Free Report)
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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