R Preston Feight Sells 25,200 Shares of PACCAR Inc (NASDAQ:PCAR) Stock

PACCAR Inc (NASDAQ:PCAR) CEO R Preston Feight sold 25,200 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $110.98, for a total value of $2,796,696.00. Following the transaction, the chief executive officer now owns 206,129 shares of the company’s stock, valued at $22,876,196.42. This represents a 10.89 % 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 Stock Down 1.4 %

Shares of PCAR stock opened at $110.88 on Friday. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.67. The business’s fifty day moving average is $110.44 and its 200-day moving average is $104.55. The stock has a market cap of $58.13 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (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%. Equities analysts expect that PACCAR Inc will post 7.71 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $3.00 dividend. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s payout ratio is 15.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Morgan Stanley reduced their target price on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI upgraded shares of PACCAR from an “in-line” rating to an “outperform” rating and raised their price target for the company from $99.00 to $129.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on PACCAR from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Truist Financial raised their target price on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, PACCAR currently has a consensus rating of “Moderate Buy” and an average target price of $121.32.

Institutional Investors Weigh In On PACCAR

Several large investors have recently modified their holdings of PCAR. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of PACCAR during the fourth quarter valued at $1,851,000. Key Financial Inc boosted its holdings in shares of PACCAR by 37.5% in the fourth quarter. Key Financial Inc now owns 664 shares of the company’s stock worth $69,000 after buying an additional 181 shares during the period. Kestra Investment Management LLC purchased a new position in shares of PACCAR in the fourth quarter worth approximately $37,000. Venturi Wealth Management LLC raised its holdings in shares of PACCAR by 12.3% during the fourth quarter. Venturi Wealth Management LLC now owns 6,479 shares of the company’s stock valued at $674,000 after acquiring an additional 712 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of PACCAR by 10.7% in the 4th quarter. CIBC Asset Management Inc now owns 180,027 shares of the company’s stock valued at $18,726,000 after acquiring an additional 17,444 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

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.