Shares of PACCAR Inc. (NASDAQ:PCAR – Get Free Report) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $131.70.
PCAR has been the subject of a number of research reports. Morgan Stanley set a $119.00 price objective on PACCAR in a report on Wednesday, July 29th. Sanford C. Bernstein reiterated an “outperform” rating and set a $148.00 price target on shares of PACCAR in a research report on Wednesday, July 29th. Citigroup lifted their price target on shares of PACCAR from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Truist Financial increased their target price on shares of PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of PACCAR in a research report on Tuesday, August 18th.
View Our Latest Stock Report on PACCAR
Insiders Place Their Bets
Institutional Trading of PACCAR
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC purchased a new stake in shares of PACCAR during the 2nd quarter valued at about $16,286,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of PACCAR by 2.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 413,489 shares of the company’s stock valued at $45,281,000 after purchasing an additional 9,524 shares during the last quarter. Geode Capital Management LLC lifted its position in PACCAR by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 12,308,610 shares of the company’s stock valued at $1,350,867,000 after purchasing an additional 50,622 shares during the period. Vanguard Group Inc. lifted its position in PACCAR by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 63,475,226 shares of the company’s stock valued at $6,951,172,000 after purchasing an additional 363,782 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its position in PACCAR by 118.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 638,688 shares of the company’s stock valued at $69,943,000 after purchasing an additional 345,937 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors.
PACCAR Stock Performance
NASDAQ PCAR opened at $125.34 on Monday. The stock has a market capitalization of $65.97 billion, a PE ratio of 26.33, a P/E/G ratio of 0.99 and a beta of 0.97. PACCAR has a 1 year low of $92.25 and a 1 year high of $139.24. The company’s 50 day simple moving average is $127.35 and its two-hundred day simple moving average is $121.89. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90.
PACCAR (NASDAQ:PCAR – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 EPS. Analysts predict that PACCAR will post 5.89 earnings per share for the current fiscal year.
PACCAR Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $1.40 annualized dividend and a yield of 1.1%. PACCAR’s dividend payout ratio (DPR) is 29.41%.
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.
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