UBS set a $79.00 price target on PACCAR (NASDAQ:PCAR) in a research note released on Thursday, www.tipranks.com reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. ValuEngine raised shares of PACCAR from a hold rating to a buy rating in a research report on Thursday, September 7th. Zacks Investment Research raised shares of PACCAR from a hold rating to a buy rating and set a $74.00 price objective on the stock in a research report on Tuesday, September 5th. BidaskClub raised shares of PACCAR from a hold rating to a buy rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a buy rating on shares of PACCAR in a research report on Friday, September 1st. Finally, Citigroup lifted their price objective on shares of PACCAR from $78.00 to $81.00 and gave the stock a buy rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $75.60.

PACCAR (PCAR) traded down $0.68 on Thursday, hitting $69.65. 2,765,412 shares of the company were exchanged, compared to its average volume of 1,831,608. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 2.40. PACCAR has a one year low of $61.93 and a one year high of $75.68. The company has a market capitalization of $24,489.64, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.67 and a beta of 1.23.

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 analysts’ consensus estimates of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the firm earned $0.98 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. analysts predict that PACCAR will post 4.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. PACCAR’s payout ratio is 25.64%.

In related news, VP C Michael Dozier sold 3,618 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark C. Pigott sold 98,956 shares of the business’s stock in a transaction that occurred 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 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. Insiders sold 106,598 shares of company stock valued at $7,597,908 in the last quarter. Corporate insiders own 2.64% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Davis Selected Advisers grew its stake in PACCAR by 0.4% during the second quarter. Davis Selected Advisers now owns 3,144 shares of the company’s stock valued at $208,000 after acquiring an additional 12 shares in the last quarter. Conning Inc. grew its stake in PACCAR by 0.4% during the second quarter. Conning Inc. now owns 10,691 shares of the company’s stock valued at $706,000 after acquiring an additional 39 shares in the last quarter. Teacher Retirement System of Texas grew its stake in PACCAR by 1.2% during the second quarter. Teacher Retirement System of Texas now owns 3,742 shares of the company’s stock valued at $247,000 after acquiring an additional 46 shares in the last quarter. Atlantic Trust Group LLC grew its stake in PACCAR by 0.6% during the second quarter. Atlantic Trust Group LLC now owns 12,279 shares of the company’s stock valued at $810,000 after acquiring an additional 68 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in PACCAR by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,098 shares of the company’s stock valued at $1,724,000 after acquiring an additional 69 shares in the last quarter. 62.35% of the stock is owned by institutional investors.

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PACCAR Company Profile

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.

Analyst Recommendations for PACCAR (NASDAQ:PCAR)

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