Paulo Henrique Bolgar Sells 2,897 Shares of PACCAR (NASDAQ:PCAR) Stock

PACCAR Inc. (NASDAQ:PCAR) VP Paulo Henrique Bolgar sold 2,897 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $133.90, for a total value of $387,908.30. Following the transaction, the vice president owned 3,831 shares of the company’s stock, valued at approximately $512,970.90. This trade represents a 43.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

PACCAR Stock Down 0.5%

Shares of PCAR traded down $0.62 during midday trading on Monday, hitting $132.06. The stock had a trading volume of 5,879,104 shares, compared to its average volume of 3,197,484. The firm has a market cap of $69.51 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.06 and a beta of 0.97. The company has a 50 day simple moving average of $121.41 and a two-hundred day simple moving average of $120.88. PACCAR Inc. has a twelve month low of $92.25 and a twelve month high of $139.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.PACCAR’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. On average, analysts anticipate that PACCAR Inc. will post 5.78 EPS for the current year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be paid a $0.35 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $1.40 annualized dividend and a yield of 1.1%. PACCAR’s payout ratio is presently 29.41%.

Wall Street Analysts Forecast Growth

PCAR has been the subject of several research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $148.00 price target on shares of PACCAR in a research note on Wednesday, July 29th. Wells Fargo & Company boosted their price objective on shares of PACCAR from $125.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Thursday. Morgan Stanley set a $119.00 target price on shares of PACCAR in a report on Wednesday, July 29th. Weiss Ratings downgraded shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Finally, Citigroup lifted their price target on shares of PACCAR from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, PACCAR has an average rating of “Hold” and a consensus price target of $131.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new position in shares of PACCAR during the 4th quarter worth about $27,000. Steph & Co. acquired a new stake in PACCAR in the 1st quarter valued at about $29,000. MCF Advisors LLC grew its holdings in PACCAR by 57.5% during the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 92 shares during the period. Elyxium Wealth LLC bought a new position in PACCAR during the fourth quarter worth about $30,000. Finally, Camelot Portfolios LLC acquired a new position in PACCAR during the fourth quarter worth approximately $33,000. Institutional investors own 64.90% of the company’s stock.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.