PACCAR Inc (NASDAQ:PCAR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PACCAR Inc (NASDAQ:PCAR) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $110.82.

PCAR has been the topic of a number of research reports. The Goldman Sachs Group increased their target price on shares of PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. TD Cowen increased their target price on shares of PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Royal Bank of Canada initiated coverage on shares of PACCAR in a report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 target price on the stock. Truist Financial initiated coverage on shares of PACCAR in a report on Thursday, March 14th. They set a “hold” rating and a $117.00 target price on the stock. Finally, Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $84.00 to $97.00 in a report on Friday, January 19th.

Insider Activity at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the transaction, the vice president now directly owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the transaction, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the transaction, the vice president now directly owns 5,726 shares in the company, valued at $607,814.90. The disclosure for this sale can be found here. Insiders have sold 141,293 shares of company stock valued at $14,581,337 in the last ninety days. Insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its position in PACCAR by 18.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 107,018 shares of the company’s stock worth $10,450,000 after purchasing an additional 16,360 shares during the last quarter. abrdn plc lifted its stake in shares of PACCAR by 50.9% in the 4th quarter. abrdn plc now owns 264,756 shares of the company’s stock worth $25,853,000 after acquiring an additional 89,359 shares during the period. Aigen Investment Management LP acquired a new stake in shares of PACCAR in the 3rd quarter worth $319,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of PACCAR by 42.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 558,909 shares of the company’s stock worth $47,518,000 after acquiring an additional 166,628 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of PACCAR by 29.6% in the 4th quarter. Pacer Advisors Inc. now owns 71,727 shares of the company’s stock worth $7,004,000 after acquiring an additional 16,390 shares during the period. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Stock Performance

Shares of PCAR stock opened at $112.62 on Friday. The firm’s 50 day moving average price is $116.49 and its 200-day moving average price is $101.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40. PACCAR has a one year low of $68.40 and a one year high of $125.50. The firm has a market cap of $59.01 billion, a P/E ratio of 12.84, a P/E/G ratio of 1.70 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.25 by $0.45. The firm had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.48 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 EPS. As a group, equities research analysts predict that PACCAR will post 8.21 EPS for the current year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Wednesday, February 14th. PACCAR’s dividend payout ratio (DPR) is 12.31%.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.