Brokerages Set PACCAR Inc (NASDAQ:PCAR) PT at $104.14

PACCAR Inc (NASDAQ:PCAR) has been given an average recommendation of “Hold” by the fourteen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $104.14.

Several equities analysts have weighed in on PCAR shares. JPMorgan Chase & Co. downgraded shares of PACCAR from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $105.00 to $90.00 in a report on Wednesday, April 30th. Morgan Stanley cut shares of PACCAR from an “overweight” rating to an “equal weight” rating and set a $96.00 target price on the stock. in a research note on Wednesday, April 16th. Citigroup cut their price target on PACCAR from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Melius Research set a $120.00 price objective on PACCAR in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada dropped their price objective on PACCAR from $106.00 to $97.00 and set a “sector perform” rating for the company in a research note on Thursday, May 8th.

PACCAR Price Performance

Shares of PACCAR stock opened at $93.50 on Friday. The stock has a market cap of $49.08 billion, a P/E ratio of 11.82, a P/E/G ratio of 2.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The stock’s fifty day moving average is $91.84 and its 200 day moving average is $102.08. PACCAR has a one year low of $84.65 and a one year high of $118.81.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.12). The company had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The firm’s quarterly revenue was down 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.27 EPS. Sell-side analysts anticipate that PACCAR will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, May 14th. PACCAR’s payout ratio is presently 20.00%.

Insider Buying and Selling at PACCAR

In other news, Director Pierre R. Breber bought 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the transaction, the director now owns 13,015 shares of the company’s stock, valued at $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PACCAR

Several institutional investors have recently bought and sold shares of PCAR. PDS Planning Inc grew its stake in PACCAR by 3.7% in the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company’s stock valued at $292,000 after purchasing an additional 101 shares during the last quarter. Valley National Advisers Inc. grew its position in shares of PACCAR by 0.6% in the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company’s stock worth $1,982,000 after buying an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company’s stock worth $88,000 after buying an additional 107 shares during the last quarter. Claris Advisors LLC MO raised its stake in shares of PACCAR by 1.5% during the 4th quarter. Claris Advisors LLC MO now owns 7,209 shares of the company’s stock worth $750,000 after acquiring an additional 108 shares in the last quarter. Finally, Optas LLC lifted its position in PACCAR by 4.4% during the fourth quarter. Optas LLC now owns 2,731 shares of the company’s stock valued at $284,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.