Paccar Inc (PCAR) Files Form 4 Insider Selling : Ronald E Armstrong Sells 11,783 Shares

Paccar Inc (PCAR): Ronald E Armstrong , Chief Executive Officer of Paccar Inc sold 11,783 shares on Apr 29, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $58.72 per share for a total value of $691,930.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Harrie Schippers (Vice President) sold 14,405 shares at $58.95 per share price.On Feb 22, 2016, Darrin C Siver (VICE PRESIDENT) sold 2,505 shares at $50.55 per share price.Also, On Feb 17, 2016, David C Anderson (Vice President/General Counsel) sold 12,586 shares at $50.87 per share price.On Nov 10, 2015, Mark C Pigott (Executive Chairman) sold 73,671 shares at $52.23 per share price.

Shares of PACCAR Inc (PCAR) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -0.41% at $58.67 with 23,27,138 shares getting traded. Post opening the session at $59.17, the shares hit an intraday low of $58.39 and an intraday high of $59.36 and the price vacillated in this range throughout the day. The company has a market cap of $20,623 M and the number of outstanding shares has been calculated to be 35,15,01,430 shares. The 52-week high of PACCAR Inc is $67.17 and the 52-week low is $43.46.

PACCAR Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.PACCAR Inc is Upgraded by Robert W. Baird to Outperform and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $62 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 27, 2016.PACCAR Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 53 from a previous price target of $52 .The Rating was issued on Apr 27, 2016.PACCAR Inc is Downgraded by Macquarie to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 11, 2016.

PACCAR Inc is a company operating in three principal industry segments: the Truck segment includes the design manufacture and distribution of light- medium- and heavy-duty commercial trucks; the Parts segment includes the distribution of aftermarket parts for trucks and related commercial vehicles and the Financial Services segment includes finance and leasing products and services provided to customers and dealers in the United States Canada Mexico Europe and Australia. The Company also operates in Australia and Brazil and sells trucks and parts to customers in Asia Africa Middle East and South America. The Company’s trucks are marketed under the Kenworth Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.

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