PACCAR Inc. (NASDAQ:PCAR) had its price target upped by Credit Suisse Group from $69.00 to $71.00 in a research report report published on Wednesday, October 25th. Credit Suisse Group currently has a neutral rating on the stock.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of PACCAR from a hold rating to a buy rating and set a $74.00 target price for the company in a report on Tuesday, September 5th. Buckingham Research initiated coverage on shares of PACCAR in a report on Tuesday, September 5th. They set a neutral rating and a $65.00 target price for the company. ValuEngine upgraded shares of PACCAR from a hold rating to a buy rating in a report on Thursday, September 7th. Citigroup Inc. lifted their target price on shares of PACCAR from $74.00 to $78.00 and gave the company a buy rating in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada reiterated a buy rating on shares of PACCAR in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $75.95.
Shares of PACCAR (PCAR) traded up $0.17 on Wednesday, reaching $69.59. 1,007,900 shares of the company’s stock traded hands, compared to its average volume of 2,647,466. The company has a quick ratio of 0.97, a current ratio of 2.56 and a debt-to-equity ratio of 0.75. PACCAR has a twelve month low of $58.38 and a twelve month high of $75.68. The stock has a market capitalization of $24,468.54, a price-to-earnings ratio of 17.84, a PEG ratio of 1.66 and a beta of 1.24.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the business posted $0.98 earnings per share. PACCAR’s quarterly revenue was up 19.7% compared to the same quarter last year. analysts anticipate that PACCAR will post 4.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, November 13th. PACCAR’s dividend payout ratio (DPR) is 25.64%.
In related news, insider Mark C. Pigott sold 98,956 shares of PACCAR stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $71.37, for a total transaction of $7,062,489.72. Following the transaction, the insider now owns 2,985,401 shares in the company, valued at approximately $213,068,069.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Alma Lily Ley sold 4,024 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total transaction of $285,704.00. Following the completion of the sale, the vice president now owns 24,319 shares in the company, valued at approximately $1,726,649. The disclosure for this sale can be found here. 2.64% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in PCAR. IFP Advisors Inc lifted its stake in PACCAR by 91.1% in the 2nd quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock worth $123,000 after purchasing an additional 890 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in PACCAR by 18.8% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock worth $125,000 after purchasing an additional 300 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in PACCAR by 29.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock worth $143,000 after purchasing an additional 500 shares in the last quarter. Perkins Coie Trust Co lifted its stake in PACCAR by 102.8% in the 2nd quarter. Perkins Coie Trust Co now owns 2,282 shares of the company’s stock worth $151,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Sun Life Financial INC lifted its stake in PACCAR by 19,884.6% in the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock worth $172,000 after purchasing an additional 2,585 shares in the last quarter. Institutional investors and hedge funds own 62.38% of the company’s stock.
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.
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