PACCAR (NASDAQ:PCAR)‘s stock had its “neutral” rating reaffirmed by analysts at Seaport Global Securities in a note issued to investors on Tuesday. Seaport Global Securities also issued estimates for PACCAR’s Q4 2017 earnings at $1.09 EPS, FY2017 earnings at $4.17 EPS, Q1 2018 earnings at $1.25 EPS, Q2 2018 earnings at $1.26 EPS, Q3 2018 earnings at $1.25 EPS, Q4 2018 earnings at $1.14 EPS, FY2018 earnings at $4.90 EPS and FY2019 earnings at $4.96 EPS.
A number of other brokerages have also issued reports on PCAR. Royal Bank of Canada reiterated a “buy” rating and set a $82.00 price target on shares of PACCAR in a research note on Thursday, January 11th. Wells Fargo & Co boosted their price target on shares of PACCAR from $74.00 to $77.00 and gave the stock a “market perform” rating in a research note on Friday, October 6th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price target on shares of PACCAR in a research note on Friday, October 20th. JPMorgan Chase & Co. upgraded shares of PACCAR from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $83.00 in a research note on Wednesday, October 4th. Finally, ValuEngine lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $75.58.
PACCAR (NASDAQ PCAR) traded down $0.14 during midday trading on Tuesday, reaching $76.40. 1,670,000 shares of the company’s stock were exchanged, compared to its average volume of 1,960,000. The company has a current ratio of 2.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $26,860.00, a price-to-earnings ratio of 19.59, a PEG ratio of 1.61 and a beta of 1.22. PACCAR has a one year low of $61.93 and a one year high of $77.43.
PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.57 billion. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. PACCAR’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. research analysts anticipate that PACCAR will post 4.19 EPS for the current year.
In related news, insider Mark C. Pigott sold 98,956 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The transaction was disclosed in a legal 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 dated Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total transaction of $285,704.00. Following the sale, the vice president now directly owns 24,319 shares in the company, valued at approximately $1,726,649. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,598 shares of company stock worth $7,597,908. 2.64% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in PCAR. Oppenheimer & Co. Inc. lifted its holdings in shares of PACCAR by 8.3% in the second quarter. Oppenheimer & Co. Inc. now owns 3,360 shares of the company’s stock valued at $222,000 after purchasing an additional 257 shares in the last quarter. CIBC World Markets Inc. lifted its holdings in shares of PACCAR by 2.2% in the second quarter. CIBC World Markets Inc. now owns 5,989 shares of the company’s stock valued at $396,000 after purchasing an additional 131 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of PACCAR by 10.4% in the second quarter. Ameriprise Financial Inc. now owns 330,679 shares of the company’s stock valued at $21,841,000 after purchasing an additional 31,131 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of PACCAR by 3.3% in the second quarter. Thrivent Financial For Lutherans now owns 13,337 shares of the company’s stock valued at $881,000 after purchasing an additional 430 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of PACCAR by 0.5% in the second quarter. Mutual of America Capital Management LLC now owns 43,153 shares of the company’s stock valued at $2,850,000 after purchasing an additional 227 shares in the last quarter. 62.26% of the stock is currently owned by hedge funds and other institutional investors.
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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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