PACCAR Inc (NASDAQ:PCAR) EVP Darrin C. Siver Sells 103,671 Shares

PACCAR Inc (NASDAQ:PCAR - Get Free Report) EVP Darrin C. Siver sold 103,671 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now directly owns 61,005 shares of the company's stock, valued at $6,805,717.80. This represents a 62.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PACCAR Trading Down 0.6 %

NASDAQ PCAR traded down $0.65 during trading hours on Tuesday, reaching $108.48. The company's stock had a trading volume of 2,260,101 shares, compared to its average volume of 2,413,849. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.39. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The firm has a fifty day simple moving average of $110.21 and a 200-day simple moving average of $104.52. The stock has a market cap of $56.88 billion, a P/E ratio of 13.71, a P/E/G ratio of 2.87 and a beta of 0.92.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. Equities analysts forecast that PACCAR Inc will post 7.6 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $3.00 dividend. The ex-dividend date was Friday, December 20th. This is a boost from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio is presently 15.17%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PCAR shares. Truist Financial upped their price objective on shares of PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on shares of PACCAR from $125.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday. Citigroup decreased their price objective on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley cut their target price on PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $119.00 price target on shares of PACCAR in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, PACCAR presently has a consensus rating of "Moderate Buy" and an average target price of $121.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of PACCAR during the second quarter worth $26,000. Golden State Wealth Management LLC acquired a new position in PACCAR in the fourth quarter valued at $37,000. Kestra Investment Management LLC bought a new stake in PACCAR during the fourth quarter valued at $37,000. Regents Gate Capital LLP acquired a new stake in PACCAR during the 4th quarter worth about $44,000. Finally, Grove Bank & Trust raised its position in shares of PACCAR by 28.4% in the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company's stock worth $46,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 64.90% of the company's stock.

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.