Analysts Set PACCAR Inc (NASDAQ:PCAR) Target Price at $113.92

PACCAR Inc (NASDAQ:PCAR) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $113.92.

PCAR has been the subject of a number of recent analyst reports. UBS Group raised shares of PACCAR from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. JPMorgan Chase & Co. dropped their target price on shares of PACCAR from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Citigroup began coverage on shares of PACCAR in a research note on Wednesday, June 26th. They set a “neutral” rating and a $115.00 price target for the company. StockNews.com upgraded PACCAR from a “hold” rating to a “buy” rating in a research note on Monday, July 8th. Finally, Truist Financial cut their target price on shares of PACCAR from $121.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, July 2nd.

PACCAR Trading Down 0.1 %

PCAR opened at $103.11 on Wednesday. PACCAR has a 1-year low of $80.94 and a 1-year high of $125.50. The company has a fifty day moving average price of $105.92 and a two-hundred day moving average price of $107.97. The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.54. The company has a market cap of $54.05 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The firm had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.25 billion. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 earnings per share. Analysts predict that PACCAR will post 8.37 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, August 15th. PACCAR’s dividend payout ratio (DPR) is 12.45%.

Insider Buying and Selling at PACCAR

In related news, VP Michael K. Walton sold 9,123 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.11, for a total value of $958,918.53. Following the transaction, the vice president now owns 1,468 shares of the company’s stock, valued at $154,301.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other PACCAR news, CEO R Preston Feight sold 33,850 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $106.18, for a total value of $3,594,193.00. Following the transaction, the chief executive officer now owns 154,430 shares in the company, valued at $16,397,377.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael K. Walton sold 9,123 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $105.11, for a total value of $958,918.53. Following the completion of the sale, the vice president now directly owns 1,468 shares in the company, valued at $154,301.48. The disclosure for this sale can be found here. Insiders sold a total of 45,040 shares of company stock worth $4,779,241 over the last three months. 2.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PSI Advisors LLC purchased a new position in PACCAR during the 1st quarter valued at $25,000. YHB Investment Advisors Inc. bought a new position in PACCAR in the first quarter worth about $27,000. New Covenant Trust Company N.A. purchased a new stake in PACCAR in the first quarter worth about $27,000. Riverview Trust Co purchased a new position in shares of PACCAR during the 1st quarter worth approximately $29,000. Finally, Rise Advisors LLC bought a new position in shares of PACCAR in the 1st quarter worth approximately $31,000. Institutional investors own 64.90% of the company’s stock.

About PACCAR

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.