PACCAR Inc. (NASDAQ:PCAR) Receives $133.91 Average Target Price from Analysts

PACCAR Inc. (NASDAQ:PCAR) has earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $133.9091.

PCAR has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of PACCAR from $125.00 to $157.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on shares of PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a 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 report on Thursday, July 30th. Morgan Stanley set a $125.00 price target on shares of PACCAR and gave the company an “equal weight” rating in a report on Friday, September 4th. Finally, Truist Financial upped their price objective on shares of PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd.

PACCAR Price Performance

Shares of PCAR opened at $116.06 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.90 and a debt-to-equity ratio of 0.49. PACCAR has a 1 year low of $92.25 and a 1 year high of $139.24. The stock has a market cap of $61.09 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. The stock’s 50-day moving average price is $127.59 and its two-hundred day moving average price is $121.45.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $7.55 billion during 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 revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 EPS. On average, equities analysts predict that PACCAR will post 5.91 earnings per share for the current year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 10th. PACCAR’s payout ratio is presently 29.41%.

Insiders Place Their Bets

In other news, CEO R Feight sold 50,975 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $133.07, for a total transaction of $6,783,243.25. Following the sale, the chief executive officer owned 268,625 shares of the company’s stock, valued at $35,745,928.75. This trade represents a 15.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brice J. Poplawski sold 1,970 shares of PACCAR stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $132.50, for a total value of $261,025.00. Following the transaction, the chief financial officer owned 1,391 shares in the company, valued at $184,307.50. This trade represents a 58.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 56,842 shares of company stock valued at $7,565,677 over the last ninety days. 1.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Paladin Partners LLC bought a new stake in PACCAR in the 2nd quarter valued at $27,000. MCF Advisors LLC increased its holdings in PACCAR by 57.5% during the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 92 shares in the last quarter. Fiduciary Financial Advisors acquired a new stake in shares of PACCAR in the 2nd quarter valued at about $28,000. Compass Financial Management LLC acquired a new stake in shares of PACCAR in the 2nd quarter valued at about $28,000. Finally, Steph & Co. bought a new stake in shares of PACCAR in the first quarter valued at about $29,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

About PACCAR

PACCAR Inc is a global manufacturer of heavy-duty, medium-duty and light-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company serves the over-the-road, vocational and construction markets, offering vehicles designed for freight transportation and other commercial applications.

In addition to truck manufacturing, PACCAR operates PACCAR Parts, which distributes replacement parts and related services through a global network. The company also provides truck financing and leasing through PACCAR Financial, supporting customers and dealers in several major markets.

PACCAR traces its history to 1905 and has grown from a regional equipment manufacturer into an international transportation company.