PACCAR Inc. (NASDAQ:PCAR) had its price target cut by analysts at Stifel Nicolaus from $76.00 to $75.00 in a research report issued on Wednesday, October 25th, MarketBeat.com reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 7.77% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. UBS AG reissued a “buy” rating and set a $76.00 price target (up from $75.00) on shares of PACCAR in a report on Wednesday, July 26th. Citigroup Inc. upped their price objective on PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. BidaskClub upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, August 22nd. Finally, Buckingham Research assumed coverage on PACCAR in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $65.00 price objective for the company. 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 stock. The stock has an average rating of “Hold” and an average target price of $75.95.
PACCAR (PCAR) opened at $69.59 on Wednesday. The stock has a market capitalization of $24,468.54, a P/E ratio of 17.84, a P/E/G ratio of 1.66 and a beta of 1.24. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 0.97. PACCAR has a 12-month low of $58.38 and a 12-month high of $75.68.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. equities analysts anticipate that PACCAR will post 4.18 earnings per share for the current fiscal year.
In other PACCAR news, VP Alma Lily Ley sold 4,024 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total value of $285,704.00. Following the completion of the sale, the vice president now owns 24,319 shares of the company’s stock, valued at $1,726,649. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $7,062,489.72. Following the completion of the sale, the insider now directly owns 2,985,401 shares of the company’s stock, valued at approximately $213,068,069.37. The disclosure for this sale can be found here. 2.64% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of PACCAR by 91.1% during the second quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock worth $123,000 after acquiring an additional 890 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of PACCAR by 18.8% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock worth $125,000 after acquiring an additional 300 shares during the period. State of Alaska Department of Revenue increased its position in shares of PACCAR by 29.9% during the second quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock worth $143,000 after acquiring an additional 500 shares during the period. Perkins Coie Trust Co increased its position in shares of PACCAR by 102.8% during the second quarter. Perkins Coie Trust Co now owns 2,282 shares of the company’s stock worth $151,000 after acquiring an additional 1,157 shares during the period. Finally, Sun Life Financial INC increased its position in shares of PACCAR by 19,884.6% during the second quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock worth $172,000 after acquiring an additional 2,585 shares during the period. 62.38% of the stock is currently owned by institutional investors and hedge funds.
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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