{
  "id": 18723327,
  "title": "Paccar executive chairman Mark Pigott sells $46 in common stock",
  "url": "https://urgent.news/2026/11/07/paccar-executive-chairman-mark-pigott-sells-46-in-common-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T13:46:08.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/paccar-executive-chairman-mark-pigott-sells-46-in-common-stock-93CH-5009893"
  },
  "original_language": "en",
  "account": "Paccar executive chairman Mark Pigott sold a small fraction of his company stock on November 4, 2026, transferring 0.434 shares at $106.13 each, for a total of $46. This sale involved a fractional interest moving from the PACCAR Savings and Investment Plan to a direct registration account. Currently, PACCAR trades at $101.98, lower than the sale price, while the company boasts a market capitalization of $55 billion. Post-transaction, Mr. Pigott holds 5,258,600 shares of PACCAR common stock, including 176,255 indirectly held through the SIP and 424,920 indirectly owned by his family. PACCAR has shown a consistent track record of dividend payments for 56 consecutive years, delivering a current yield of 2.48%. The company's latest quarterly earnings report for Q3 2026 exceeded expectations, with revenue of $7.94 billion versus forecasts of $7.54 billion. Earnings per share stayed at $1.61, while net income surged by 44% to $847.5 million due to better truck profitability, record revenue from the Parts division, and steady financial services. Paccar encountered supply-chain hurdles and uncertainty over 2027 demand. Freedom Broker upgraded the stock to a Buy rating from Hold, but slashed the price target to $120 from $132, citing robust quarterly performance, improved truck margins, favorable pricing, and recovering North American demand. Supply constraints were cited as a limiting factor in deliveries.",
  "summary": null,
  "key_points": [
    "Mark Pigott sold 0.434 shares of Paccar stock for $46 on November 4, 2026",
    "Paccar's market cap is $55 billion with stock trading at $101.98",
    "Paccar reported Q3 2026 earnings exceeding expectations with $847.5 million net income"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}