PACCAR Inc (NASDAQ:PCAR) insider Mark C. Pigott sold 194,004 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $58.84, for a total value of $11,415,195.36. Following the sale, the insider now owns 3,080,449 shares of the company’s stock, valued at approximately $181,253,619.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ:PCAR traded down $1.50 during mid-day trading on Friday, hitting $58.36. 1,637,782 shares of the company traded hands, compared to its average volume of 2,797,397. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 0.90 and a beta of 1.39. The company has a quick ratio of 1.05, a current ratio of 2.63 and a debt-to-equity ratio of 0.72. PACCAR Inc has a 12-month low of $53.95 and a 12-month high of $79.69.
PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 23rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.04. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.50 billion. PACCAR had a return on equity of 23.52% and a net margin of 9.73%. PACCAR’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. As a group, equities research analysts expect that PACCAR Inc will post 6.16 earnings per share for the current year.
Several large investors have recently made changes to their positions in PCAR. FMR LLC boosted its position in PACCAR by 26.1% in the third quarter. FMR LLC now owns 6,043,716 shares of the company’s stock worth $412,121,000 after purchasing an additional 1,249,446 shares during the last quarter. Bank of New York Mellon Corp boosted its position in PACCAR by 33.3% in the third quarter. Bank of New York Mellon Corp now owns 6,026,604 shares of the company’s stock worth $410,954,000 after purchasing an additional 1,505,929 shares during the last quarter. Boston Partners boosted its position in PACCAR by 1.1% in the second quarter. Boston Partners now owns 3,453,227 shares of the company’s stock worth $213,962,000 after purchasing an additional 36,111 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in PACCAR by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,378,840 shares of the company’s stock worth $147,400,000 after purchasing an additional 86,368 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in PACCAR by 75.1% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,780,223 shares of the company’s stock worth $121,393,000 after purchasing an additional 763,338 shares during the last quarter. 61.33% of the stock is currently owned by institutional investors.
PCAR has been the subject of several recent research reports. BidaskClub upgraded PACCAR from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Credit Suisse Group decreased their price objective on PACCAR from $69.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Argus downgraded PACCAR from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Citigroup boosted their price objective on PACCAR from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 25th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $68.73.
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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