PACCAR (NASDAQ:PCAR) Trading Up 0.4%

PACCAR Inc (NASDAQ:PCAR - Get Free Report) traded up 0.4% during trading on Thursday . The company traded as high as $116.87 and last traded at $116.44. 464,800 shares traded hands during trading, a decline of 79% from the average session volume of 2,255,215 shares. The stock had previously closed at $115.93.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of research reports. Morgan Stanley assumed coverage on PACCAR in a research note on Monday, January 8th. They issued an "overweight" rating and a $125.00 price objective on the stock. TD Cowen raised their price target on PACCAR from $91.00 to $108.00 and gave the stock a "market perform" rating in a report on Wednesday, January 24th. UBS Group upgraded PACCAR from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $104.00 to $136.00 in a research note 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 report on Tuesday, February 20th. Finally, Royal Bank of Canada initiated coverage on PACCAR in a research report on Tuesday, March 26th. They set a "sector perform" rating and a $123.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $110.82.

PACCAR Price Performance

The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $59.61 billion, a PE ratio of 12.97, a PEG ratio of 1.78 and a beta of 0.92. The business has a fifty day moving average price of $115.86 and a 200-day moving average price of $100.66.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $2.70 EPS 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 firm had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same period last year, the firm posted $1.76 earnings per share. The business's revenue was up 11.1% compared to the same quarter last year. Research analysts expect that PACCAR Inc will post 8.16 EPS for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 0.95%. PACCAR's payout ratio is 12.31%.

Insider Transactions at PACCAR

In other PACCAR news, VP Todd R. Hubbard sold 4,829 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $102.12, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PACCAR news, VP Todd R. Hubbard sold 4,829 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $102.12, for a total value of $493,137.48. Following the sale, the vice president now owns 5,726 shares of the company's stock, valued at approximately $584,739.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kevin D. Baney sold 7,203 shares of the company's 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 transaction, the senior vice president now directly owns 6,621 shares of the company's stock, valued at $682,161.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,496 shares of company stock worth $15,834,812. Company insiders own 2.02% of the company's stock.

Hedge Funds Weigh In On PACCAR

Hedge funds have recently made changes to their positions in the business. Miracle Mile Advisors LLC boosted its holdings in PACCAR by 3.8% in the first quarter. Miracle Mile Advisors LLC now owns 2,480 shares of the company's stock valued at $307,000 after acquiring an additional 91 shares in the last quarter. Morningstar Investment Management LLC boosted its stake in shares of PACCAR by 1.3% during the 4th quarter. Morningstar Investment Management LLC now owns 7,575 shares of the company's stock valued at $740,000 after purchasing an additional 97 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of PACCAR by 3.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,223 shares of the company's stock valued at $315,000 after buying an additional 100 shares during the period. Evanson Asset Management LLC raised its stake in PACCAR by 3.5% in the first quarter. Evanson Asset Management LLC now owns 3,227 shares of the company's stock worth $400,000 after buying an additional 108 shares in the last quarter. Finally, FORVIS Wealth Advisors LLC lifted its holdings in PACCAR by 0.5% in the fourth quarter. FORVIS Wealth Advisors LLC now owns 22,097 shares of the company's stock worth $2,158,000 after buying an additional 109 shares during the period. 64.90% of the stock is owned by hedge funds and other 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.