PACCAR Inc (NASDAQ:PCAR – Get Free Report) SVP Kevin D. Baney sold 9,894 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $107.00, for a total value of $1,058,658.00. Following the completion of the sale, the senior vice president now owns 7,121 shares in the company, valued at approximately $761,947. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
PACCAR Price Performance
PCAR opened at $104.90 on Thursday. The firm has a market capitalization of $54.99 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. The business’s 50-day moving average is $100.01 and its two-hundred day moving average is $102.94. PACCAR Inc has a 1 year low of $80.94 and a 1 year high of $125.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.91 and a quick ratio of 1.55.
PACCAR (NASDAQ:PCAR – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.82 by $0.03. The firm had revenue of $8.24 billion during the quarter, compared to analyst estimates of $7.66 billion. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. PACCAR’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.34 EPS. Research analysts anticipate that PACCAR Inc will post 8 earnings per share for the current fiscal year.
PACCAR Dividend Announcement
Wall Street Analyst Weigh In
Several research firms recently commented on PCAR. BNP Paribas raised shares of PACCAR to a “hold” rating in a research note on Wednesday, October 16th. Citigroup raised their target price on shares of PACCAR from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Truist Financial raised their price objective on PACCAR from $103.00 to $107.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI lowered their target price on PACCAR from $109.00 to $99.00 and set an “in-line” rating for the company in a 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $114.18.
Check Out Our Latest Report on PACCAR
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in PCAR. Quarry LP purchased a new stake in shares of PACCAR during the second quarter worth about $26,000. New Covenant Trust Company N.A. purchased a new stake in PACCAR during the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. grew its position in PACCAR by 269.7% during 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 during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of PACCAR in the second quarter worth $36,000. Finally, Fortitude Family Office LLC lifted its stake in shares of PACCAR by 200.0% during the second quarter. Fortitude Family Office LLC now owns 366 shares of the company’s stock worth $38,000 after buying an additional 244 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.
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.
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