PACCAR Inc (PCAR) Given Consensus Rating of “Hold” by Analysts

PACCAR Inc (NASDAQ:PCAR) has been assigned an average rating of “Hold” from the twenty-four brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $74.47.

PCAR has been the topic of several research reports. BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of PACCAR in a report on Friday, October 20th. Jefferies Group reissued a “buy” rating and issued a $85.00 target price on shares of PACCAR in a report on Thursday, October 19th. Citigroup upped their price objective on PACCAR from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, October 13th. UBS Group restated a “buy” rating and issued a $82.00 price objective (up from $76.00) on shares of PACCAR in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $77.00 price objective on shares of PACCAR in a research report on Tuesday, October 3rd.

In other news, VP C Michael Dozier sold 3,618 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $69.02, for a total value of $249,714.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark C. Pigott sold 98,956 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $71.37, for a total value of $7,062,489.72. Following the completion of the transaction, the insider now owns 2,985,401 shares in the company, valued at $213,068,069.37. The disclosure for this sale can be found here. Insiders have sold 106,598 shares of company stock worth $7,597,908 over the last quarter. 2.64% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC grew its stake in shares of PACCAR by 3.0% in the third quarter. Parametric Portfolio Associates LLC now owns 763,018 shares of the company’s stock valued at $55,197,000 after buying an additional 22,184 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of PACCAR in the third quarter valued at about $1,144,000. Garde Capital Inc. acquired a new stake in shares of PACCAR in the third quarter valued at about $897,000. Belpointe Asset Management LLC acquired a new stake in shares of PACCAR in the third quarter valued at about $279,000. Finally, IFM Investors Pty Ltd acquired a new stake in shares of PACCAR in the third quarter valued at about $722,000. Institutional investors own 62.26% of the company’s stock.

Shares of PACCAR (NASDAQ:PCAR) traded up $0.25 during mid-day trading on Monday, reaching $75.10. The company had a trading volume of 2,024,500 shares, compared to its average volume of 2,199,900. PACCAR has a 52-week low of $61.93 and a 52-week high of $75.69. The firm has a market capitalization of $26,360.00, a price-to-earnings ratio of 19.26, a PEG ratio of 1.60 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 2.40.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. PACCAR’s quarterly revenue was up 19.7% on a year-over-year basis. equities research analysts anticipate that PACCAR will post 4.19 earnings per share for the current year.

The firm also recently announced a special dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 14th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, December 13th. This represents a yield of 1.4%. PACCAR’s dividend payout ratio (DPR) is presently 25.64%.

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About PACCAR

PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.

Analyst Recommendations for PACCAR (NASDAQ:PCAR)

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