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

by · The Markets Daily

PACCAR Inc (NASDAQ:PCAR – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Five 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 12 month price objective among brokerages that have issued ratings on the stock in the last year is $96.65.

PCAR has been the subject of a number of research analyst reports. Citigroup boosted their price target on PACCAR from $90.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. StockNews.com initiated coverage on PACCAR in a research report on Thursday, October 5th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft upgraded PACCAR from a “hold” rating to a “buy” rating and boosted their price target for the stock from $94.00 to $115.00 in a research report on Wednesday, October 25th. Bank of America upgraded PACCAR from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $84.00 to $97.00 in a report on Friday. Finally, Morgan Stanley initiated coverage on PACCAR in a report on Monday, January 8th. They issued an “overweight” rating and a $125.00 price objective for the company.

View Our Latest Report on PCAR

Insider Transactions at PACCAR

In related news, VP Todd R. Hubbard sold 3,004 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $83.42, for a total transaction of $250,593.68. Following the transaction, the vice president now directly owns 3,230 shares of the company’s stock, valued at $269,446.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Todd R. Hubbard sold 1,996 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $86.58, for a total transaction of $172,813.68. Following the transaction, the vice president now directly owns 3,230 shares of the company’s stock, valued at $279,653.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd R. Hubbard sold 3,004 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $83.42, for a total value of $250,593.68. Following the transaction, the vice president now directly owns 3,230 shares in the company, valued at $269,446.60. The disclosure for this sale can be found here. Insiders have sold 28,221 shares of company stock valued at $2,426,915 over the last three months. Company insiders own 2.06% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Prudential PLC purchased a new position in PACCAR in the first quarter valued at about $763,000. Vanguard Group Inc. grew its stake in PACCAR by 2.0% in the first quarter. Vanguard Group Inc. now owns 36,485,080 shares of the company’s stock valued at $3,213,241,000 after purchasing an additional 698,784 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in PACCAR by 66.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 68,657 shares of the company’s stock valued at $6,046,000 after purchasing an additional 27,300 shares in the last quarter. Covestor Ltd grew its stake in PACCAR by 73.6% in the first quarter. Covestor Ltd now owns 2,118 shares of the company’s stock valued at $187,000 after purchasing an additional 898 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in PACCAR by 0.7% in the first quarter. Mackenzie Financial Corp now owns 106,723 shares of the company’s stock valued at $9,399,000 after purchasing an additional 792 shares in the last quarter. 65.68% of the stock is owned by institutional investors and hedge funds.

PACCAR Stock Performance

NASDAQ PCAR opened at $96.26 on Wednesday. The firm has a market capitalization of $50.35 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.27 and a beta of 0.92. PACCAR has a 1-year low of $64.89 and a 1-year high of $98.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.61 and a quick ratio of 2.38. The business’s 50-day simple moving average is $94.45 and its 200-day simple moving average is $88.36.

PACCAR (NASDAQ:PCAR – Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.27. The business had revenue of $8.70 billion for the quarter, compared to analyst estimates of $8.19 billion. PACCAR had a return on equity of 31.31% and a net margin of 12.01%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 EPS. Equities analysts predict that PACCAR will post 9.02 EPS for the current year.

PACCAR Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 15th will be given a dividend of $3.20 per share. The ex-dividend date is Wednesday, February 14th. This is a positive change from PACCAR’s previous None dividend of $0.89. PACCAR’s payout ratio is 13.79%.

PACCAR Company Profile

(Get Free Report

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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.

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