PACCAR (NASDAQ:PCAR) Stock Price Up 0.3%

PACCAR Inc (NASDAQ:PCAR - Get Free Report)'s share price rose 0.3% during trading on Monday . The company traded as high as $122.70 and last traded at $122.57. Approximately 329,403 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 2,278,975 shares. The stock had previously closed at $122.21.

Analyst Ratings Changes

PCAR has been the subject of a number of recent research reports. Morgan Stanley began coverage on shares of PACCAR in a research note on Monday, January 8th. They set an "overweight" rating and a $125.00 price target for the company. The Goldman Sachs Group upped their target price on shares of PACCAR from $93.00 to $106.00 and gave the stock a "neutral" rating in a report on Wednesday, January 24th. Truist Financial began coverage on PACCAR in a research note on Thursday, March 14th. They set a "hold" rating and a $117.00 price target for the company. Royal Bank of Canada began coverage on PACCAR in a report on Tuesday, March 26th. They set a "sector perform" rating and a $123.00 price objective for the company. Finally, TD Cowen raised 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. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.39.

PACCAR Trading Up 0.2 %

The stock has a market capitalization of $64.20 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92. The stock's fifty day moving average price is $113.17 and its two-hundred day moving average price is $98.78. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts forecast that PACCAR Inc will post 8.16 EPS for the current year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, February 14th. PACCAR's dividend payout ratio is presently 12.31%.

Insider Buying and Selling

In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of PACCAR stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the transaction, the chief financial officer now directly owns 103,547 shares of the company's stock, valued at approximately $10,984,265.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Kevin D. Baney sold 7,203 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $103.03, for a total transaction of $742,125.09. Following the completion of the sale, the senior vice president now directly owns 6,621 shares in the company, valued at $682,161.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Harrie Schippers sold 32,797 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the sale, the chief financial officer now directly owns 103,547 shares in the company, valued at $10,984,265.76. 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 in the last ninety days. 2.02% of the stock is owned by insiders.

Institutional Investors Weigh In On PACCAR

Several institutional investors and hedge funds have recently bought and sold shares of PCAR. Morningstar Investment Management LLC raised its holdings in shares of PACCAR by 1.3% during the fourth quarter. Morningstar Investment Management LLC now owns 7,575 shares of the company's stock valued at $740,000 after acquiring an additional 97 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in PACCAR by 3.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,223 shares of the company's stock worth $315,000 after purchasing an additional 100 shares in the last quarter. FORVIS Wealth Advisors LLC lifted its position in shares of PACCAR by 0.5% in the 4th quarter. FORVIS Wealth Advisors LLC now owns 22,097 shares of the company's stock worth $2,158,000 after purchasing an additional 109 shares during the period. Jacobi Capital Management LLC boosted its stake in shares of PACCAR by 2.9% during the 4th quarter. Jacobi Capital Management LLC now owns 4,288 shares of the company's stock valued at $419,000 after purchasing an additional 121 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in shares of PACCAR by 0.9% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 14,478 shares of the company's stock valued at $1,231,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other 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.