Paccar is a global heavy duty truck technology firm that designs and manufactures quality light, medium, and heavy duty commercial vehicles. Its commercial trucks are sold under the Kenworth, Peterbilt, and DAF brands. It also manufacturers its own line of diesel engines such as the MX-13. PACCAR has a strong distribution network in order to fulfill its demand of aftermarket parts to its dealers. Paccar Financial is the lead subsidiary that handles the division’s finance and truck leasing operations. Paccar boasts some of the best engineers worldwide and has a reputation for superior performance. In addition to the Americas, PACCAR sells its trucks and parts to clients in Australia, Brazil, Asia, Africa, Middle East, and the Southern Americas.
Stock: PCAR
PACCAR is traded under ticker symbol PCAR on the NASDAQ stock exchange. It has a significant dip in its value in late 2015/early 2016. One great benefit of buying stock in PCAR is that the company has always provided a great dividend return. It has announced notable extra cash dividends in 2008 and 2017.
Here are some facts about the stock and company’s financial information:
Market capitalization: $21.63 BILLION
Dividend yield: 1.8%
P/E Ratio: 12.90
Net profit margin in most recent quarter: 9.06 % (512.1 million dollars)
