Positives for Paccar Inc. (PCAR) as stock gains in recent trading

Paccar Inc. (NASDAQ: PCAR) is 8.57% higher on its value in year-to-date trading and has touched a low of $65.28 and a high of $106.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PCAR stock was last observed hovering at around $106.01 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $106.02, the stock is 5.47% and 9.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 0.01% at the moment leaves the stock 26.34% off its SMA200. PCAR registered 50.11% gain for a year compared to 6-month gain of 27.71%. The firm has a 50-day simple moving average (SMA 50) of $1.79 and a 200-day simple moving average (SMA200) of $9.14.

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The stock witnessed a 12.07% loss in the last 1 month and extending the period to 3 months gives it a 27.47%, and is 1.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.34% over the week and 1.86% over the month.

Paccar Inc. (PCAR) has around Feb 14 2024 employees, a market worth around $55.46B and $35.15B in sales. Current P/E ratio is 12.10 and Fwd P/E is 12.34. Profit margin for the company is 13.09%. Distance from 52-week low is 62.41% and -0.20% from its 52-week high. The company has generated returns on investments over the last 12 months (15.89%).

Paccar Inc. quarterly earnings per share for the current quarter are estimated at $2.15 with sales reaching $8.17B over the same period.The EPS is expected to shrink by -15.87% this year, but quarterly earnings will post -9.00% year-over-year. Quarterly sales are estimated to grow 1.40% in year-over-year returns.

Paccar Inc. (PCAR) Top Institutional Holders

1,278 institutions hold shares in Paccar Inc. (PCAR), with institutional investors hold 69.69% of the company’s shares. The shares outstanding are 523.30M, and float is at 513.68M with Short Float at 1.05%. Institutions hold 68.45% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 62.7 million shares valued at $5.24 billion. The investor’s holdings represent 11.99% of the PCAR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 36.04 million shares valued at $3.01 billion to account for 6.89% of the shares outstanding. The other top investors are State Street Corporation which holds 21.3 million shares representing 4.07% and valued at over $1.78 billion, while Geode Capital Management, LLC holds 2.32% of the shares totaling 12.11 million with a market value of $1.01 billion.

Paccar Inc. (PCAR) Insider Activity

A total of 18 insider transactions have happened at Paccar Inc. (PCAR) in the last six months, with sales accounting for 4 and purchases happening 14 times. The most recent transaction is an insider sale by SCHIPPERS HARRIE,the company’sPRESIDENT & CFO. SEC filings show that SCHIPPERS HARRIE sold 32,797 shares of the company’s common stock on Feb 12 at a price of $106.08 per share for a total of $3.48 million. Following the sale, the insider now owns 0.1 million shares.

Paccar Inc. disclosed in a document filed with the SEC on Feb 12 that HUBBARD TODD R (VICE PRESIDENT) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Feb 12 and was made at $106.15 per share for $0.21 million. Following the transaction, the insider now directly holds 5726.0 shares of the PCAR stock.

Still, SEC filings show that on Feb 05, SCHIPPERS HARRIE (PRESIDENT & CFO) disposed off 32,000 shares at an average price of $104.04 for $3.33 million. The insider now directly holds 103,547 shares of Paccar Inc. (PCAR).

Paccar Inc. (PCAR): Who are the competitors?

The company’s main competitors (and peers) include Mercedes-Benz Group AG (MBG) that is trading -8.14% down over the past 12 months. Ford Motor Co. (F) that is -0.84% lower over the same period.