Insider Selling: PACCAR Inc (PCAR) VP Sells 607 Shares of Stock

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.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.12 annualized dividend and a yield of 1.85%. PACCAR’s dividend payout ratio is presently 26.29%.

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.

TRADEMARK VIOLATION WARNING: “Insider Selling: PACCAR Inc (PCAR) VP Sells 607 Shares of Stock” was published by WKRB News and is the property of of WKRB News. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.wkrb13.com/2018/11/15/insider-selling-paccar-inc-pcar-vp-sells-607-shares-of-stock.html.

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)

Insider Buying and Selling by Quarter for PACCAR (NASDAQ:PCAR)

Receive News & Ratings for PACCAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply