Brice Poplawski Sells 2,200 Shares of PACCAR (NASDAQ:PCAR) Stock

PACCAR Inc. (NASDAQ:PCAR) CFO Brice Poplawski sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $123.99, for a total value of $272,778.00. Following the completion of the sale, the chief financial officer directly owned 903 shares of the company’s stock, valued at approximately $111,962.97. The trade was a 70.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PACCAR Stock Performance

PCAR traded up $1.70 during trading hours on Monday, reaching $124.61. The company’s stock had a trading volume of 2,944,539 shares, compared to its average volume of 3,303,597. The company’s 50-day moving average is $113.86 and its 200-day moving average is $103.81. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $125.36. The firm has a market cap of $65.45 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.70.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $6.06 billion. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The company’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.66 earnings per share. On average, equities analysts forecast that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, February 11th. This represents a $1.32 annualized dividend and a yield of 1.1%. PACCAR’s dividend payout ratio (DPR) is 29.27%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PCAR shares. Morgan Stanley lifted their price target on PACCAR from $93.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a $90.00 price target on shares of PACCAR in a research report on Tuesday, October 21st. JPMorgan Chase & Co. increased their target price on shares of PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Wolfe Research raised PACCAR from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $115.92.

Institutional Investors Weigh In On PACCAR

Several hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of PACCAR during the second quarter valued at about $472,520,000. UBS Group AG grew its stake in shares of PACCAR by 74.4% in the fourth quarter. UBS Group AG now owns 4,548,861 shares of the company’s stock worth $498,146,000 after purchasing an additional 1,940,260 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in PACCAR by 2,389.2% during the 3rd quarter. Pacer Advisors Inc. now owns 2,010,837 shares of the company’s stock worth $197,705,000 after buying an additional 1,930,056 shares during the period. American Century Companies Inc. increased its stake in shares of PACCAR by 235.9% in the third quarter. American Century Companies Inc. now owns 2,540,688 shares of the company’s stock valued at $249,801,000 after buying an additional 1,784,236 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of PACCAR by 25.2% during the second quarter. JPMorgan Chase & Co. now owns 5,798,439 shares of the company’s stock worth $551,211,000 after acquiring an additional 1,165,443 shares during the last quarter. Institutional investors and hedge funds 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.