PACCAR (NASDAQ:PCAR) PT Lowered to $130.00 at JPMorgan Chase & Co.

PACCAR (NASDAQ:PCAR - Free Report) had its price target cut by JPMorgan Chase & Co. from $140.00 to $130.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

PCAR has been the topic of a number of other research reports. Royal Bank of Canada initiated coverage on PACCAR in a report on Tuesday, March 26th. They issued a sector perform rating and a $123.00 target price on the stock. TD Cowen increased their target price on PACCAR from $91.00 to $108.00 and gave the company a market perform rating in a report on Wednesday, January 24th. The Goldman Sachs Group increased their target price on PACCAR from $106.00 to $121.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Evercore ISI increased their target price on PACCAR from $94.00 to $101.00 and gave the company an in-line rating in a report on Tuesday, February 20th. Finally, UBS Group raised PACCAR from a neutral rating to a buy rating and increased their target price for the company from $104.00 to $136.00 in a report on Friday, March 15th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $112.31.

PACCAR Stock Up 0.2 %

Shares of PACCAR stock traded up $0.23 during trading hours on Wednesday, reaching $106.34. 4,020,628 shares of the company were exchanged, compared to its average volume of 2,431,174. PACCAR has a 1 year low of $68.40 and a 1 year high of $125.50. The stock's fifty day moving average is $116.62 and its 200 day moving average is $102.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40. The firm has a market cap of $55.72 billion, a PE ratio of 12.13, a PEG ratio of 1.71 and a beta of 0.92.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.07. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The business had revenue of $8.24 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the prior year, the company earned $2.25 earnings per share. The company's revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts forecast that PACCAR will post 8.21 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. This is an increase from PACCAR's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.13%. PACCAR's dividend payout ratio is 12.31%.

Insider Transactions at PACCAR

In other news, VP Todd R. Hubbard sold 4,829 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $102.12, for a total transaction of $493,137.48. Following the completion of the sale, the vice president now owns 5,726 shares in the company, valued at $584,739.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the transaction, the vice president now directly owns 5,726 shares of the company's stock, valued at $607,814.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd R. Hubbard sold 4,829 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $102.12, for a total transaction of $493,137.48. Following the transaction, the vice president now directly owns 5,726 shares of the company's stock, valued at $584,739.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,946 shares of company stock worth $7,003,148. Company insiders own 2.02% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PCAR. PSI Advisors LLC purchased a new position in PACCAR during the first quarter worth about $25,000. OFI Invest Asset Management purchased a new position in PACCAR in the third quarter valued at about $26,000. AdvisorNet Financial Inc increased its holdings in PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company's stock valued at $27,000 after buying an additional 181 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in PACCAR in the first quarter valued at about $27,000. Finally, Riverview Trust Co purchased a new position in PACCAR in the first quarter valued at about $29,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

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.