PACCAR Inc (NASDAQ:PCAR) VP Douglas S. Grandstaff sold 607 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $59.67, for a total transaction of $36,219.69. Following the completion of the transaction, the vice president now owns 5,284 shares in the company, valued at $315,296.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NASDAQ:PCAR traded up $0.86 during mid-day trading on Thursday, hitting $60.54. The stock had a trading volume of 112,256 shares, compared to its average volume of 2,286,406. The company has a market cap of $20.46 billion, a PE ratio of 14.24, a P/E/G ratio of 0.88 and a beta of 1.39. PACCAR Inc has a 52 week low of $53.95 and a 52 week high of $79.69. The company has a quick ratio of 2.44, a current ratio of 2.63 and a debt-to-equity ratio of 0.72.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 23rd. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.04. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. PACCAR had a net margin of 9.73% and a return on equity of 23.52%. PACCAR’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. As a group, equities analysts anticipate that PACCAR Inc will post 6.16 EPS for the current year.
A number of research analysts have recently issued reports on PCAR shares. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Thursday, October 25th. Credit Suisse Group reduced their price target on shares of PACCAR from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 25th. ValuEngine downgraded shares of PACCAR from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. BidaskClub upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Friday, October 5th. Finally, Morgan Stanley set a $58.00 price target on shares of PACCAR and gave the stock a “sell” rating in a research report on Wednesday, October 24th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $68.87.
A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in PACCAR by 33.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,026,604 shares of the company’s stock valued at $410,954,000 after buying an additional 1,505,929 shares during the period. FMR LLC increased its stake in PACCAR by 26.1% during the 3rd quarter. FMR LLC now owns 6,043,716 shares of the company’s stock valued at $412,121,000 after buying an additional 1,249,446 shares during the period. Federated Investors Inc. PA increased its stake in PACCAR by 9,286.5% during the 2nd quarter. Federated Investors Inc. PA now owns 902,329 shares of the company’s stock valued at $55,908,000 after buying an additional 892,716 shares during the period. Schroder Investment Management Group increased its stake in PACCAR by 934.2% during the 2nd quarter. Schroder Investment Management Group now owns 869,356 shares of the company’s stock valued at $53,935,000 after buying an additional 785,295 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in PACCAR by 75.1% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,780,223 shares of the company’s stock valued at $121,393,000 after buying an additional 763,338 shares during the period. Hedge funds and other institutional investors own 61.48% of the company’s stock.
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PACCAR Company Profile
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.
See Also: Earnings Per Share (EPS)
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