Insider Selling: PACCAR Inc (NASDAQ:PCAR) CFO Sells 28,676 Shares of Stock

PACCAR Inc (NASDAQ:PCAR - Get Free Report) CFO Harrie Schippers sold 28,676 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total value of $3,038,795.72. Following the sale, the chief financial officer now owns 114,659 shares of the company's stock, valued at approximately $12,150,414.23. The trade was a 20.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PACCAR Price Performance

Shares of PCAR stock traded down $2.00 during trading hours on Friday, hitting $104.46. 2,978,755 shares of the company's stock were exchanged, compared to its average volume of 2,311,501. The stock's 50-day moving average is $107.50 and its 200-day moving average is $105.16. 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 stock has a market cap of $54.77 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 2.79 and a beta of 0.92.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. As a group, research analysts forecast that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The business also recently declared 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 positive change from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio (DPR) is currently 16.69%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Madrona Financial Services LLC raised its position in shares of PACCAR by 1.1% during the fourth quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after acquiring an additional 91 shares during the last quarter. Global Financial Private Client LLC raised its holdings in PACCAR by 1.0% during the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock worth $1,011,000 after purchasing an additional 97 shares during the last quarter. Omnia Family Wealth LLC lifted its position in PACCAR by 2.5% during the 3rd quarter. Omnia Family Wealth LLC now owns 3,993 shares of the company's stock valued at $394,000 after purchasing an additional 98 shares during the period. PDS Planning Inc boosted its stake in shares of PACCAR by 3.7% in the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after purchasing an additional 101 shares during the last quarter. Finally, Insight Wealth Partners LLC grew its position in shares of PACCAR by 1.4% during the 3rd quarter. Insight Wealth Partners LLC now owns 7,700 shares of the company's stock worth $760,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 64.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PCAR shares. Truist Financial increased their price target on shares of PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on shares of PACCAR from $125.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $119.00 price objective on shares of PACCAR in a report on Monday, November 4th. Evercore ISI dropped their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Citigroup cut their target price on PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $121.77.

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.