PACCAR Inc (NASDAQ:PCAR) Given Average Rating of “Hold” by Analysts

Shares of PACCAR Inc (NASDAQ:PCAR) have been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $114.00.

Several equities research analysts recently weighed in on the stock. Citigroup increased their price objective on shares of PACCAR from $100.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. BNP Paribas upgraded shares of PACCAR to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of PACCAR from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Truist Financial decreased their target price on shares of PACCAR from $107.00 to $103.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of PACCAR from $121.00 to $109.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th.

Insiders Place Their Bets

In related news, CEO R Preston Feight sold 27,834 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $98.70, for a total transaction of $2,747,215.80. Following the completion of the sale, the chief executive officer now directly owns 162,782 shares in the company, valued at approximately $16,066,583.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PCAR. Integrated Advisors Network LLC bought a new position in shares of PACCAR in the fourth quarter valued at $225,000. SageView Advisory Group LLC acquired a new stake in PACCAR during the 4th quarter valued at $320,000. Rise Advisors LLC acquired a new stake in PACCAR during the 1st quarter valued at $31,000. Wedmont Private Capital increased its stake in shares of PACCAR by 12.1% in the first quarter. Wedmont Private Capital now owns 8,434 shares of the company’s stock worth $1,005,000 after acquiring an additional 913 shares during the last quarter. Finally, Apella Capital LLC increased its stake in shares of PACCAR by 1.9% in the first quarter. Apella Capital LLC now owns 7,866 shares of the company’s stock worth $937,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

PCAR opened at $104.79 on Friday. The firm has a market cap of $54.93 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91. PACCAR has a fifty-two week low of $80.94 and a fifty-two week high of $125.50. The company’s 50-day moving average price is $98.78 and its 200 day moving average price is $103.41. The company has a quick ratio of 2.54, a current ratio of 2.78 and a debt-to-equity ratio of 0.52.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.01). The business had revenue of $8.26 billion for the quarter, compared to analyst estimates of $8.30 billion. PACCAR had a return on equity of 29.87% and a net margin of 14.07%. PACCAR’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 EPS. As a group, sell-side analysts expect that PACCAR will post 8.08 earnings per share for the current year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. PACCAR’s dividend payout ratio (DPR) is 12.71%.

About PACCAR

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.