The VP of Paccar is Exercising Options

Yesterday it was reported that the VP of Paccar (PCAR), Jack Levier, exercised options to sell 8,762 PCAR shares at $47.81 a share, for a total transaction value of $809.5K.

Following Jack Levier’s last PCAR Sell transaction on July 28, 2020, the stock climbed by 3.3%. In addition to Jack Levier, 3 other PCAR executives reported Sell trades in the last month.

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The company has a one-year high of $92.96 and a one-year low of $49.11. PCAR’s market cap is $30.62 billion and the company has a P/E ratio of 22.10.

Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $96.50, reflecting a -5.9% downside.

The insider sentiment on Paccar has been negative according to 135 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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 and Financial Services. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment provides finance and leasing products; and services provided to truck customers and dealers. The company was founded by William Pigott Sr. in 1905 and is headquartered in Bellevue, WA.

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