The EC of Paccar Inc is Exercising Options

Today it was reported that the EC of Paccar Inc (PCAR), Mark Pigott, exercised options to sell 194,004 PCAR shares at $30.81 a share, for a total transaction value of $11.41M.

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Based on Paccar Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.76 billion and quarterly net profit of $545 million. In comparison, last year the company earned revenue of $5.06 billion and had a net profit of $403 million. PCAR’s market cap is $21.04B and the company has a P/E ratio of 9.61. Currently, Paccar Inc has an average volume of 1.63M.

Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $62.25, reflecting a 6.7% upside. Three different firms, including Morgan Stanley and Robert W. Baird, currently also have a Sell rating on the stock.

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PACCAR, Inc. is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts, Financial Services, and Other.