PACCAR Inc. (PCAR) to Issue Quarterly Dividend of $1.40 on January 7th

by · The Cerbat Gem

PACCAR Inc. (NASDAQ:PCAR – Get Free Report) declared a quarterly dividend on Tuesday, December 9th. Investors of record on Friday, December 19th will be paid a dividend of 1.40 per share on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, December 19th. This is a 324.2% increase from PACCAR’s previous quarterly dividend of $0.33.

PACCAR has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. PACCAR has a dividend payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Analysts expect PACCAR to earn $9.14 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 14.4%.

PACCAR Trading Up 4.2%

NASDAQ PCAR opened at $113.48 on Thursday. PACCAR has a 52 week low of $84.65 and a 52 week high of $116.86. The firm has a 50 day moving average of $100.04 and a two-hundred day moving average of $98.13. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $59.60 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 14.90 and a beta of 1.01.

PACCAR (NASDAQ:PCAR – Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). The firm had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $6.23 billion. PACCAR had a return on equity of 16.01% and a net margin of 9.11%.PACCAR’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share. As a group, research analysts expect that PACCAR will post 7.57 EPS for the current fiscal year.

Insider Buying and Selling at PACCAR

In related news, CFO Brice J. Poplawski sold 3,369 shares of PACCAR stock in a transaction on Monday, October 27th. The shares were sold at an average price of $101.15, for a total value of $340,774.35. Following the transaction, the chief financial officer directly owned 468 shares in the company, valued at $47,338.20. This trade represents a 87.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.02% of the stock is currently owned by corporate insiders.

Institutional Trading of PACCAR

Several hedge funds and other institutional investors have recently made changes to their positions in PCAR. Hazlett Burt & Watson Inc. lifted its position in PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Private Wealth Management Group LLC lifted its holdings in shares of PACCAR by 293.1% in the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after buying an additional 211 shares during the period. Wealth Watch Advisors INC purchased a new stake in shares of PACCAR in the third quarter valued at approximately $32,000. Bayforest Capital Ltd raised its position in PACCAR by 234.2% in the first quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock worth $38,000 after acquiring an additional 274 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in PACCAR in the third quarter valued at $38,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Company Profile

(Get Free Report)

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.

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