PACCAR (NASDAQ:PCAR) Trading Down 0.3%

Shares of PACCAR Inc (NASDAQ:PCAR - Get Free Report) fell 0.3% during trading on Tuesday . The stock traded as low as $117.00 and last traded at $117.65. 296,060 shares were traded during trading, a decline of 87% from the average session volume of 2,257,040 shares. The stock had previously closed at $118.02.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. 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 note on Tuesday, February 20th. Royal Bank of Canada began coverage on PACCAR in a report on Tuesday, March 26th. They issued a "sector perform" rating and a $123.00 price target on the stock. UBS Group raised PACCAR from a "neutral" rating to a "buy" rating and upped their price target for the company from $104.00 to $136.00 in a report on Friday, March 15th. TD Cowen upped their price target on PACCAR from $91.00 to $108.00 and gave the company a "market perform" rating in a report on Wednesday, January 24th. Finally, Morgan Stanley began coverage on PACCAR in a report on Monday, January 8th. They issued an "overweight" rating and a $125.00 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $110.82.

PACCAR Stock Performance

The firm's fifty day moving average price is $115.22 and its 200 day moving average price is $100.23. 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 firm has a market capitalization of $61.59 billion, a PE ratio of 13.44, a PEG ratio of 1.79 and a beta of 0.92.

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, beating 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 for the quarter, compared to analysts' expectations of $8.48 billion. During the same period in the previous year, the company posted $1.76 EPS. PACCAR's revenue was up 11.1% on a year-over-year basis. On average, research analysts anticipate that PACCAR Inc will post 8.16 earnings per share for the current year.

PACCAR Announces Dividend

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

Insider Buying and Selling

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction on 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 owns 5,726 shares of the company's stock, valued at approximately $607,814.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction on 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 owns 5,726 shares of the company's stock, valued at approximately $607,814.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Harrie Schippers sold 32,797 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.08, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders sold 153,496 shares of company stock worth $15,834,812. Corporate insiders own 2.02% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. OneAscent Wealth Management LLC acquired a new position in shares of PACCAR during the first quarter valued at about $225,000. Indiana Trust & Investment Management CO raised its position in shares of PACCAR by 337.9% during the first quarter. Indiana Trust & Investment Management CO now owns 543 shares of the company's stock valued at $67,000 after buying an additional 419 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of PACCAR during the first quarter valued at about $3,605,000. Vanguard Capital Wealth Advisors acquired a new position in shares of PACCAR during the first quarter valued at about $213,000. Finally, RMR Wealth Builders raised its position in shares of PACCAR by 3.8% during the first quarter. RMR Wealth Builders now owns 8,920 shares of the company's stock valued at $1,105,000 after buying an additional 329 shares during the last quarter. Institutional investors and hedge funds 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.