PACCAR (NASDAQ:PCAR) Shares Down 0.7%

PACCAR Inc (NASDAQ:PCAR - Get Free Report)'s share price fell 0.7% on Friday . The stock traded as low as $117.80 and last traded at $118.06. 308,176 shares changed hands during trading, a decline of 86% from the average session volume of 2,265,711 shares. The stock had previously closed at $118.88.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PCAR. Royal Bank of Canada began coverage on shares of PACCAR in a report on Tuesday, March 26th. They set a "sector perform" rating and a $123.00 price target on the stock. Truist Financial initiated coverage on shares of PACCAR in a report on Thursday, March 14th. They set a "hold" rating and a $117.00 price target on the stock. Evercore ISI lifted their price objective on shares of PACCAR from $94.00 to $101.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 20th. TD Cowen lifted their price objective on shares of PACCAR from $91.00 to $108.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of PACCAR from $93.00 to $106.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 24th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $109.39.

PACCAR Trading Down 0.6 %

The firm's 50 day moving average is $114.94 and its 200 day moving average is $99.79. The company has a market cap of $61.92 billion, a PE ratio of 13.47, a PEG ratio of 1.80 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 2.21.

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

PACCAR Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.91%. PACCAR's dividend payout ratio is presently 12.31%.

Insiders Place Their Bets

In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the transaction, the chief financial officer now owns 103,547 shares of the company's stock, valued at approximately $10,984,265.76. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, VP Todd R. Hubbard sold 2,000 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the sale, the vice president now owns 5,726 shares of the company's stock, valued at approximately $607,814.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Harrie Schippers sold 32,797 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the completion of the sale, the chief financial officer now directly owns 103,547 shares of the company's stock, valued at approximately $10,984,265.76. The disclosure for this sale can be found here. Insiders sold a total of 153,496 shares of company stock valued at $15,834,812 in the last quarter. Corporate insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On PACCAR

A number of institutional investors have recently made changes to their positions in the business. Morningstar Investment Management LLC increased its stake in shares of PACCAR by 1.3% in the 4th quarter. Morningstar Investment Management LLC now owns 7,575 shares of the company's stock worth $740,000 after acquiring an additional 97 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of 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 acquiring an additional 100 shares in the last quarter. FORVIS Wealth Advisors LLC increased its stake 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 acquiring an additional 109 shares in the last quarter. Jacobi Capital Management LLC increased its stake in shares of PACCAR by 2.9% in the 4th quarter. Jacobi Capital Management LLC now owns 4,288 shares of the company's stock worth $419,000 after acquiring an additional 121 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of PACCAR by 1.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,654 shares of the company's stock worth $557,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

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.