Paccar Inc. (NASDAQ:PCAR) Given Average Recommendation of “Hold” by Brokerages
Paccar Inc. (NASDAQ:PCAR) has earned an average rating of “Hold” from the twenty brokerages that are presently covering the company. Four analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $53.60.
PCAR has been the subject of a number of recent research reports. Longbow Research downgraded shares of Paccar from a “neutral” rating to an “underperform” rating and set a $44.00 price objective for the company. in a research note on Tuesday, July 19th. BMO Capital Markets reissued a “hold” rating and issued a $57.00 price objective on shares of Paccar in a research note on Friday, July 29th. Deutsche Bank AG initiated coverage on shares of Paccar in a research note on Tuesday, September 6th. They issued a “hold” rating and a $63.00 price objective for the company. Robert W. Baird reissued a “buy” rating on shares of Paccar in a research note on Tuesday, June 28th. Finally, Barclays PLC set a $47.00 price objective on shares of Paccar and gave the stock a “sell” rating in a research note on Wednesday, July 27th.
Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its stake in Paccar by 64.5% in the first quarter. BlackRock Fund Advisors now owns 8,748,950 shares of the company’s stock valued at $478,480,000 after buying an additional 3,429,092 shares during the last quarter. Clarius Group LLC raised its stake in Paccar by 1.9% in the first quarter. Clarius Group LLC now owns 1,236,889 shares of the company’s stock valued at $67,645,000 after buying an additional 23,500 shares during the last quarter. BlackRock Group LTD raised its stake in Paccar by 5.7% in the first quarter. BlackRock Group LTD now owns 3,770,023 shares of the company’s stock valued at $206,183,000 after buying an additional 203,844 shares during the last quarter. FDO Partners LLC raised its stake in Paccar by 14.1% in the first quarter. FDO Partners LLC now owns 6,920 shares of the company’s stock valued at $378,000 after buying an additional 854 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in Paccar by 22.4% in the first quarter. Teachers Advisors Inc. now owns 712,484 shares of the company’s stock valued at $38,966,000 after buying an additional 130,350 shares during the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.
Paccar (NASDAQ:PCAR) traded up 0.03% during trading on Wednesday, hitting $57.30. The stock had a trading volume of 993,932 shares. Paccar has a 52-week low of $43.46 and a 52-week high of $60.86. The company’s 50 day moving average is $58.34 and its 200 day moving average is $55.71. The firm has a market cap of $20.09 billion, a PE ratio of 30.41 and a beta of 1.49.
Paccar (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The company earned $4.12 billion during the quarter, compared to the consensus estimate of $4.17 billion. Paccar had a net margin of 3.71% and a return on equity of 21.92%. Paccar’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Equities research analysts forecast that Paccar will post $3.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, November 16th. Paccar’s payout ratio is currently 51.34%.
Paccar Company Profile
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.
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