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Wednesday, September 27, 2023

PACCAR Inc (PCAR) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for PACCAR Inc (PCAR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.05%, to $86.33. The PACCAR Inc has recorded 76,971 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Accelera by Cummins, Daimler Truck and PACCAR form a joint venture to advance battery cell production in the United States.

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Stocks Info

PACCAR Inc is listed on the NASDAQ in the Industrials sector while operating in the Farm & Heavy Construction Machinery industry. At the end of the last regular session, the stock closed at $86.29 and fluctuated between $86.33 as its day high and $85.12 as its day low. The current market capitalization of PACCAR Inc is $45.46B. A total of 1.31 million shares were traded on the day, compared to an average of 2.49M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PCAR has seen 4 BUY and 4 SELL insider trades, representing the acquisition of 142,059 and the disposition of 142,059 shares. Over the last 12 months, there were 73 BUYs and 34 SELLs from insiders. Insiders purchased 562,968 shares during that period but sold 460,160.

In the most recent transaction, FEIGHT R PRESTON sold 56,000 shares of PCAR for 85.96 per share on Aug 02. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 128,105 company shares. In a previous transaction on Aug 02, SCHIPPERS HARRIE sold 24,000 shares at 86.07 per share. PCAR shares that PRESIDENT & CFO owns now total 93,522.

Among the insiders who sold shares, FEIGHT R PRESTON disposed of 56,059 shares on Aug 01 at a per-share price of $86.07. This resulted in the CHIEF EXECUTIVE OFFICER holding 128,105 shares of PCAR after the transaction. In another insider transaction, HUBBARD TODD R sold 6,000 shares at $85.19 per share on Jul 28. Company shares held by the VICE PRESIDENT now total 3,230.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. PACCAR Inc pays an annual dividend of $1.08, resulting in a dividend yield of 1.25%, and it has a price to earnings (P/E) ratio of 16.82. PCAR’s most recent ex-dividend date was 11/14/2023 when it declared a $0.27 quarterly dividend that was paid in cash on 11/15/2023. Previously, the company paid the dividend on 9/7/2023 with an ex-dividend date of 8/16/2023. The PCAR stock dividend was $0.27 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PCAR in the last 3 months, the mean price target is $90.44 with high estimates of $115.00 and low estimates of $78.00. In terms of 52-week highs and lows, PCAR has a high of $90.05 and a low of $53.15.

As of this writing, PCAR has an earnings estimate of $Avis Budget Group, Inc. per share for the current quarter. EPS was calculated based on a consensus of PACCAR Inc. estimates, with a high estimate of $Procore Technologies, Inc. per share and a lower estimate of $U Power Limited.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PCAR’s latest balance sheet shows that the firm has $4.81B in Cash & Short Term Investments as of fiscal 2021. There were $10.76B in debt and $6.22B in liabilities at the time. Its Book Value Per Share was $19.19, while its Total Shareholder’s Equity was $11.44B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PCAR is Buy with a score of 3.38.

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