PACCAR Inc (PCAR) To Go Ex-Dividend on February 12th

PACCAR Inc (NASDAQ:PCAR) declared a quarterly dividend on Sunday, February 9th,Wall Street Journal reports. Stockholders of record on Wednesday, February 12th will be given a dividend of 0.33 per share on Wednesday, March 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, February 12th. This is an increase from PACCAR’s previous quarterly dividend of $0.30.

PACCAR has raised its dividend by an average of 9.4% per year over the last three years. PACCAR has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect PACCAR to earn $9.11 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.5%.

PACCAR Stock Down 1.5 %

Shares of NASDAQ:PCAR opened at $106.02 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. The firm has a market cap of $55.59 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.79 and a beta of 0.92. The stock’s 50-day moving average price is $109.49 and its two-hundred day moving average price is $104.60. PACCAR has a 12-month low of $90.04 and a 12-month high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. On average, research analysts forecast that PACCAR will post 7.6 EPS for the current year.

Analyst Upgrades and Downgrades

PCAR has been the subject of several research analyst reports. Evercore ISI upgraded PACCAR from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $99.00 to $129.00 in a research note on Wednesday, November 13th. BNP Paribas raised shares of PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Citigroup dropped their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley lowered their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Truist Financial upped their price target on PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.95.

Insiders Place Their Bets

In other news, EVP Darrin C. Siver sold 103,671 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $111.56, for a total value of $11,565,536.76. Following the transaction, the executive vice president now owns 61,005 shares in the company, valued at $6,805,717.80. This represents a 62.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO R Preston Feight sold 25,200 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $110.98, for a total value of $2,796,696.00. Following the completion of the transaction, the chief executive officer now owns 206,129 shares in the company, valued at $22,876,196.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,871 shares of company stock valued at $14,586,333 over the last three months. Company insiders own 2.02% of the company’s stock.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.