PACCAR (NASDAQ:PCAR) PT Raised to $140.00 at JPMorgan Chase & Co.

PACCAR (NASDAQ:PCAR - Free Report) had its target price increased by JPMorgan Chase & Co. from $135.00 to $140.00 in a report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. TD Cowen lifted their target price on PACCAR from $91.00 to $108.00 and gave the company a market perform rating in a research report on Wednesday, January 24th. Bank of America raised PACCAR from an underperform rating to a neutral rating and lifted their target price for the company from $84.00 to $97.00 in a research report on Friday, January 19th. UBS Group raised PACCAR from a neutral rating to a buy rating and lifted their target price for the company from $104.00 to $136.00 in a research report on Friday, March 15th. Evercore ISI lifted their target price on PACCAR from $94.00 to $101.00 and gave the company an in-line rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley started coverage on PACCAR in a research report on Monday, January 8th. They set an overweight rating and a $125.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $109.75.

PACCAR Stock Down 0.1 %

PACCAR stock traded down $0.14 during mid-day trading on Monday, reaching $118.02. The stock had a trading volume of 1,958,967 shares, compared to its average volume of 2,284,884. 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 fifty-two week low of $68.40 and a fifty-two week high of $125.50. The stock's 50-day simple moving average is $114.94 and its 200-day simple moving average is $100.01. The firm has a market capitalization of $61.84 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.45. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The firm had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.48 billion. During the same quarter last year, the firm posted $1.76 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, sell-side analysts forecast that PACCAR will post 8.16 EPS for the current fiscal year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.92%. PACCAR's payout ratio is presently 12.31%.

Insider Buying and Selling at PACCAR

In other PACCAR news, SVP Kevin D. Baney sold 7,203 shares of the business's stock in a transaction on Friday, January 26th. The stock was sold at an average price of $103.03, for a total value of $742,125.09. Following the sale, the senior vice president now directly owns 6,621 shares in the company, valued at $682,161.63. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other PACCAR news, CFO Harrie Schippers sold 5,000 shares of the business's stock in a transaction on Friday, January 26th. The stock was sold at an average price of $102.27, for a total value of $511,350.00. Following the sale, the chief financial officer now directly owns 103,547 shares in the company, valued at $10,589,751.69. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kevin D. Baney sold 7,203 shares of the business's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $103.03, for a total value of $742,125.09. Following the completion of the sale, the senior vice president now owns 6,621 shares in the company, valued at $682,161.63. The disclosure for this sale can be found here. Insiders have sold a total of 153,496 shares of company stock worth $15,834,812 over the last ninety days. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of PACCAR

A number of hedge funds and other institutional investors have recently made changes to their positions in PCAR. OFI Invest Asset Management bought a new stake in shares of PACCAR during the 3rd quarter valued at $26,000. AdvisorNet Financial Inc raised its stake in shares of PACCAR by 188.5% during the 4th quarter. AdvisorNet Financial Inc now owns 277 shares of the company's stock valued at $27,000 after purchasing an additional 181 shares during the period. ST Germain D J Co. Inc. raised its stake in shares of PACCAR by 61.9% during the 3rd quarter. ST Germain D J Co. Inc. now owns 340 shares of the company's stock valued at $29,000 after purchasing an additional 130 shares during the period. Riverview Trust Co bought a new stake in shares of PACCAR during the 1st quarter valued at $29,000. Finally, Arlington Trust Co LLC bought a new stake in shares of PACCAR during the 3rd quarter valued at $30,000. 64.90% of the stock is currently owned by institutional investors.

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.