Today it was reported that the VP of Paccar Inc (PCAR), Marco Davila, exercised options to sell 7,528 PCAR shares at $50.00 a share, for a total transaction value of $506.5K.
In addition to Marco Davila, 4 other PCAR executives reported Sell trades in the last month. Following Marco Davila’s last PCAR Sell transaction on February 21, 2018, the stock climbed by 2.5%.
See today’s analyst top recommended stocks >>
Based on Paccar Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $6.28 billion and quarterly net profit of $578 million. In comparison, last year the company earned revenue of $5.45 billion and had a net profit of $589 million. PCAR’s market cap is $23.18B and the company has a P/E ratio of 10.91. Currently, Paccar Inc has an average volume of 1.93M.
Based on 8 analyst ratings, the analyst consensus is Hold with an average price target of $66.17, reflecting a -2.8% downside. Three different firms, including J.P. Morgan and Morgan Stanley, currently also have a Sell rating on the stock.
The insider sentiment on Paccar Inc has been negative according to 119 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
