Analysts Set PACCAR Inc (NASDAQ:PCAR) PT at $104.14

Shares of PACCAR Inc (NASDAQ:PCAR - Get Free Report) have been given an average recommendation of "Hold" by the fourteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $104.14.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of PACCAR from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $105.00 to $90.00 in a report on Wednesday, April 30th. Melius Research set a $120.00 price objective on PACCAR in a report on Tuesday, March 18th. Morgan Stanley cut PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price on the stock. in a research report on Wednesday, April 16th. Royal Bank of Canada cut their price target on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of PACCAR from a "sell" rating to a "hold" rating in a research note on Friday, May 9th.

PACCAR Stock Down 1.0%

NASDAQ PCAR traded down $0.97 during trading hours on Friday, reaching $92.59. 1,931,555 shares of the company's stock traded hands, compared to its average volume of 2,758,222. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The firm has a market cap of $48.61 billion, a PE ratio of 11.71, a PEG ratio of 2.77 and a beta of 0.95. PACCAR has a 52-week low of $84.65 and a 52-week high of $118.81. The firm has a 50-day simple moving average of $92.12 and a 200 day simple moving average of $102.40.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.12). The firm had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The firm's quarterly revenue was down 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.27 earnings per share. Sell-side analysts anticipate that PACCAR will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.43%. PACCAR's dividend payout ratio is presently 20.00%.

Insider Buying and Selling at PACCAR

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $89.78 per share, with a total value of $448,900.00. Following the completion of the acquisition, the director now directly owns 13,015 shares in the company, valued at $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On PACCAR

Institutional investors and hedge funds have recently bought and sold shares of the business. PDS Planning Inc increased its holdings in shares of PACCAR by 3.7% in the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company's stock worth $292,000 after purchasing an additional 101 shares during the last quarter. Valley National Advisers Inc. grew its position in PACCAR by 0.6% in the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock worth $1,982,000 after acquiring an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in PACCAR by 14.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after acquiring an additional 107 shares in the last quarter. Claris Advisors LLC MO grew its position in PACCAR by 1.5% in the fourth quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock worth $750,000 after acquiring an additional 108 shares in the last quarter. Finally, Optas LLC grew its position in PACCAR by 4.4% in the fourth quarter. Optas LLC now owns 2,731 shares of the company's stock worth $284,000 after acquiring an additional 116 shares in the last quarter. 64.90% of the stock is owned by 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.