PACCAR Inc (NASDAQ:PCAR – Get Free Report) CFO Harrie Schippers sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $106.93, for a total value of $2,138,600.00. Following the transaction, the chief financial officer now owns 105,558 shares of the company’s stock, valued at approximately $11,287,316.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
PACCAR Price Performance
PCAR opened at $106.67 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.91 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $99.83 and a 200 day moving average of $102.92. PACCAR Inc has a 52-week low of $80.94 and a 52-week high of $125.50. The stock has a market cap of $55.92 billion, a P/E ratio of 11.92, a PEG ratio of 1.65 and a beta of 0.91.
PACCAR (NASDAQ:PCAR – Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.03. The firm had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $7.66 billion. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 earnings per share. As a group, sell-side analysts anticipate that PACCAR Inc will post 8 EPS for the current year.
PACCAR Dividend Announcement
Institutional Investors Weigh In On PACCAR
Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of PACCAR during the second quarter valued at $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of PACCAR in the 1st quarter worth $27,000. Meeder Asset Management Inc. boosted its position in shares of PACCAR by 269.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock worth $29,000 after purchasing an additional 205 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in PACCAR during the 2nd quarter worth $36,000. Finally, Fortitude Family Office LLC increased its position in PACCAR by 200.0% during the 2nd quarter. Fortitude Family Office LLC now owns 366 shares of the company’s stock valued at $38,000 after buying an additional 244 shares in the last quarter. 64.90% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on PCAR shares. Truist Financial increased their price target on PACCAR from $103.00 to $107.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley lowered their price objective on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PACCAR from $121.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Evercore ISI decreased their target price on shares of PACCAR from $109.00 to $99.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $114.18.
Check Out Our Latest Analysis on PACCAR
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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