PACCAR Inc. (NASDAQ:PCAR) Given Consensus Recommendation of “Hold” by Brokerages

PACCAR Inc. (NASDAQ:PCAR) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $133.9091.

A number of brokerages recently commented on PCAR. JPMorgan Chase & Co. increased their price target on PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley set a $125.00 target price on PACCAR and gave the stock an “equal weight” rating in a report on Friday, September 4th. Sanford C. Bernstein restated an “outperform” rating and issued a $148.00 price target on shares of PACCAR in a research report on Wednesday, July 29th. 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 research report on Thursday, July 30th. Finally, 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 note on Thursday, July 30th.

Insider Activity at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 1,970 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $132.50, for a total transaction of $261,025.00. Following the transaction, the chief financial officer directly owned 1,391 shares in the company, valued at $184,307.50. This trade represents a 58.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP William Lance Walters sold 1,000 shares of PACCAR stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.50, for a total value of $133,500.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 56,842 shares of company stock valued at $7,565,677. 1.99% of the stock is owned by insiders.

Institutional Trading of PACCAR

Institutional investors and hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC acquired a new stake in shares of PACCAR in the second quarter valued at approximately $28,000. Paladin Partners LLC bought a new position in PACCAR in the second quarter valued at $27,000. Fiduciary Financial Advisors acquired a new stake in PACCAR in the 2nd quarter valued at $28,000. Continuum Advisory LLC acquired a new stake in PACCAR in the 2nd quarter valued at $29,000. Finally, Steph & Co. bought a new stake in PACCAR during the 1st quarter worth about $29,000. 64.90% of the stock is currently owned by institutional investors.

PACCAR Trading Down 0.7%

Shares of NASDAQ:PCAR opened at $113.90 on Friday. PACCAR has a 1 year low of $92.25 and a 1 year high of $139.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90. The stock’s fifty day moving average price is $127.20 and its 200-day moving average price is $121.33. The company has a market cap of $59.95 billion, a P/E ratio of 23.93, a PEG ratio of 1.31 and a beta of 0.96.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The business had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same period last year, the firm earned $1.37 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts expect that PACCAR will post 5.91 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. PACCAR’s dividend payout ratio (DPR) is presently 29.41%.

PACCAR Company Profile

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.