Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of PACCAR Inc NASDAQ: PCAR. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in PACCAR stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.
PACCAR Stock Performance
PACCAR stock traded up $0.67 during trading on Wednesday, hitting $107.21. The stock had a trading volume of 1,957,301 shares, compared to its average volume of 2,306,497. The stock's 50 day moving average is $107.97 and its two-hundred day moving average is $105.04. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50. The stock has a market cap of $56.21 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 2.75 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 1.67 and a debt-to-equity ratio of 0.54.
PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share 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%. As a group, analysts predict 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. Stockholders of record on Friday, December 20th were paid a dividend of $3.00 per share. 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 presently 16.69%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. grew its position in PACCAR by 221.8% during the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after acquiring an additional 193 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of PACCAR in the fourth quarter worth approximately $37,000. Sunbelt Securities Inc. increased its stake in shares of PACCAR by 8,750.0% in the fourth quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after buying an additional 350 shares during the period. Kestra Investment Management LLC bought a new stake in PACCAR during the 4th quarter valued at $37,000. Finally, Atala Financial Inc purchased a new stake in PACCAR during the 4th quarter valued at $43,000. 64.90% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on PCAR. Morgan Stanley reduced their target price on PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of PACCAR from $125.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Evercore ISI cut their price target on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday. Citigroup decreased their price target on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial lifted their price objective on PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $121.77.
Get Our Latest Report on PCAR
Insiders Place Their Bets
In related news, EVP Darrin C. Siver sold 103,671 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $111.56, for a total value of $11,565,536.76. Following the sale, the executive vice president now directly owns 61,005 shares of the company's stock, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Harrie Schippers sold 28,676 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 114,659 shares of the company's stock, valued at approximately $12,150,414.23. This trade represents a 20.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,547 shares of company stock valued at $17,625,128 in the last quarter. Insiders own 2.02% of the company's stock.
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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