PACCAR Inc (NASDAQ:PCAR) Receives Consensus Rating of “Hold” from Analysts

Shares of PACCAR Inc (NASDAQ:PCAR) have received an average rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $121.77.

A number of brokerages have recently commented on PCAR. Morgan Stanley dropped their price objective on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and lifted their price target for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of PACCAR from $125.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Citigroup dropped their price target on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $119.00 price target on shares of PACCAR in a research note on Monday, November 4th.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $107.21 on Thursday. The stock has a market capitalization of $56.21 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 2.75 and a beta of 0.92. PACCAR has a 12 month low of $90.04 and a 12 month high of $125.50. The firm’s 50 day simple moving average is $107.80 and its 200-day simple moving average is $105.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.39.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. Analysts expect that PACCAR will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from PACCAR’s previous dividend of $0.89. PACCAR’s payout ratio is 16.69%.

Insiders Place Their Bets

In other news, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the transaction, the vice president now owns 5,463 shares in the company, valued at $612,129.15. The trade was a 26.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darrin C. Siver sold 103,671 shares of PACCAR stock in a transaction on Friday, January 31st. The stock was sold at an average price of $111.56, for a total value of $11,565,536.76. Following the transaction, the executive vice president now owns 61,005 shares in the company, valued at approximately $6,805,717.80. This represents a 62.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,547 shares of company stock valued at $17,625,128 in the last 90 days. 2.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PCAR. Creative Planning raised its holdings in shares of PACCAR by 2.6% during the 3rd quarter. Creative Planning now owns 74,672 shares of the company’s stock worth $7,369,000 after acquiring an additional 1,920 shares during the period. Stratos Wealth Advisors LLC raised its holdings in PACCAR by 3.8% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,245 shares of the company’s stock valued at $419,000 after buying an additional 155 shares during the period. Blue Trust Inc. raised its holdings in PACCAR by 172.6% in the 3rd quarter. Blue Trust Inc. now owns 3,816 shares of the company’s stock valued at $393,000 after buying an additional 2,416 shares during the period. Raymond James & Associates raised its holdings in PACCAR by 15.2% in the 3rd quarter. Raymond James & Associates now owns 195,504 shares of the company’s stock valued at $19,292,000 after buying an additional 25,867 shares during the period. Finally, Foundations Investment Advisors LLC raised its holdings in PACCAR by 5.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,297 shares of the company’s stock valued at $325,000 after buying an additional 185 shares during the period. Hedge funds and other 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.