PACCAR Inc. Declares Quarterly Dividend of $0.25 (PCAR)

PACCAR Inc. (NASDAQ:PCAR) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Investors of record on Tuesday, February 13th will be given a dividend of 0.25 per share on Tuesday, March 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%.

PACCAR (PCAR) traded down $0.10 during trading on Wednesday, reaching $70.17. 2,761,300 shares of the company were exchanged, compared to its average volume of 1,924,436. PACCAR has a 1 year low of $61.93 and a 1 year high of $75.68. The firm has a market cap of $24,707.65, a PE ratio of 18.02, a P/E/G ratio of 1.68 and a beta of 1.22. The company has a quick ratio of 2.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.75.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. sell-side analysts predict that PACCAR will post 4.18 EPS for the current fiscal year.

In related news, insider Mark C. Pigott sold 98,956 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $71.37, for a total transaction of $7,062,489.72. Following the sale, the insider now owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Alma Lily Ley sold 4,024 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total value of $285,704.00. Following the sale, the vice president now directly owns 24,319 shares in the company, valued at approximately $1,726,649. The disclosure for this sale can be found here. Insiders sold 106,598 shares of company stock valued at $7,597,908 in the last quarter. 2.64% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the stock. UBS set a $79.00 price objective on shares of PACCAR and gave the company a “buy” rating in a report on Thursday, November 30th. Susquehanna Bancshares initiated coverage on shares of PACCAR in a research note on Wednesday, November 29th. They set a “neutral” rating and a $75.00 price target on the stock. J P Morgan Chase & Co set a $83.00 price target on shares of PACCAR and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Citigroup lowered shares of PACCAR from a “buy” rating to a “neutral” rating and cut their price target for the stock from $81.00 to $75.00 in a research note on Wednesday, November 29th. Finally, ValuEngine lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $75.60.

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PACCAR Company Profile

PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.

Dividend History for PACCAR (NASDAQ:PCAR)

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