PACCAR Inc. (NASDAQ:PCAR) Receives $122.00 Average PT from Analysts

Shares of PACCAR Inc. (NASDAQ:PCAR) have received an average rating of “Hold” from the sixteen research firms that are covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $122.00.

A number of equities research analysts recently weighed in on PCAR shares. Evercore set a $139.00 price target on PACCAR in a report on Monday, May 11th. Citigroup reaffirmed a “neutral” rating and set a $125.00 price target (down from $130.00) on shares of PACCAR in a report on Thursday, April 30th. Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Finally, Truist Financial raised their price target on PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, April 29th.

PACCAR Trading Up 1.2%

PCAR stock opened at $111.68 on Friday. The business has a fifty day moving average price of $118.54 and a 200 day moving average price of $115.55. PACCAR has a fifty-two week low of $90.05 and a fifty-two week high of $131.88. The stock has a market capitalization of $58.78 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 1.02 and a beta of 1.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.15. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The firm had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the firm posted $1.46 EPS. The business’s revenue was down 9.8% on a year-over-year basis. Analysts expect that PACCAR will post 5.59 EPS for the current fiscal year.

PACCAR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be paid a $0.35 dividend. This is an increase from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. PACCAR’s payout ratio is 29.79%.

Institutional Investors Weigh In On PACCAR

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ares Financial Consulting LLC acquired a new stake in shares of PACCAR in the 4th quarter valued at $27,000. MCF Advisors LLC boosted its stake in shares of PACCAR by 57.5% in the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 92 shares during the last quarter. Steph & Co. bought a new position in shares of PACCAR in the 1st quarter valued at about $29,000. Elyxium Wealth LLC bought a new position in shares of PACCAR in the 4th quarter valued at about $30,000. Finally, Wealth Watch Advisors INC bought a new position in shares of PACCAR in the 3rd quarter valued at about $32,000. 64.90% of the stock is owned by institutional investors and hedge funds.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.