Insider Trading Watch List: PACCAR Inc (PCAR)

PACCAR Inc (NASDAQ:PCAR) insider has recently participated in insider trading activity. Executive Chairman, PIGOTT MARK C sold 73,671 shares for $ 3,848,028 via one transaction Nov 09. Following the transaction, the insider now owns 2,886,445 shares in total, priced at $ 148247815.2 as of Tuesday. Another notable insider trading was done by the same insider on Nov 06. PIGOTT MARK C sold 73,672 shares at an average price of $ 53.82 for a total of $ 3,964,865. Moreover, ANDERSON DAVID C carried out a sale of 100 shares at $ 50.25 each on Feb 10. The transaction amounted to $ 5,025. Vice President Davila Marco A. bought 645 shares for $ 34,540 through one transaction Nov 03. Following this sale, this insider’s stake in the company comprises 4,914 shares, priced at $ 252383.04as of Tuesday.

The stock has experienced a total of 47 insider trades in the past three months. These trades include 1 sell activities and 46 buy trades. Furthermore, over the past 12 months, the stock was traded 105 times by insiders. In 21 of these trades, the insider was a seller while an employee of the company was the buyer in just 84 instances.

PACCAR Inc (PCAR) on January 29, 2016 reported record annual revenues of $19.12 billion and record net income of $1.60 billion, an 8.4% after-tax return on revenues, for 2015. PACCAR achieved its 77th consecutive year of net income,” said Ron Armstrong, chief executive officer. “PACCAR’s financial results reflect the company’s premium-quality products and services and increased North American and European truck deliveries, complemented by excellent aftermarket parts and PACCAR Financial Services results. We are pleased to achieve record annual revenues and record net income in our milestone 110th year. I am very proud of our 23,000 employees who have delivered outstanding performance to our shareholders and customers.”

PACCAR’s North American and European customers are benefiting from good economic growth, strong freight tonnage, lower fuel prices and the superior operating efficiency of Kenworth’s, Peterbilt’s and DAF’s industry-leading trucks. U.S. and Canada Class 8 truck industry retail sales in 2015 of 278,000 vehicles were the highest since 2006. Europe above 16-tonne registrations in 2015 of 269,000 vehicles were the highest since 2008.

PACCAR’s excellent profits and strong cash flow have enabled the company to invest in future growth in its core markets while expanding its presence in emerging markets. “PACCAR is well-positioned for long-term growth with investments in new state-of-the-art DAF, Kenworth and Peterbilt vehicles, innovative PACCAR engines, geographic expansion, aftermarket parts and service capabilities, factory enhancements, and truck technologies that increase fuel-efficiency and reliability,” added Armstrong. “Stockholders’ equity was a year-end record $6.94 billion at December 31, 2015.”