PACCAR Inc. (NASDAQ:PCAR) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• PACCAR Inc. (NASDAQ:PCAR) has received an average recommendation of "Moderate Buy" from analysts, with eight hold ratings, four buy ratings, and two strong buy ratings.
• The company reported $1.37 EPS for the last quarter, surpassing estimates, and had a revenue of $6.96 billion, reflecting a 15.7% decrease year-over-year.
• PACCAR declared a quarterly dividend of $0.33 per share, with a yield of 1.3%, set to be paid on December 3rd to shareholders on record by November 12th.

Shares of PACCAR Inc. (NASDAQ:PCAR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $107.6818.

A number of analysts recently issued reports on PCAR shares. Vertical Research raised PACCAR to a "strong-buy" rating in a research report on Wednesday, July 23rd. UBS Group raised PACCAR from a "sell" rating to a "neutral" rating and lifted their target price for the company from $81.00 to $100.00 in a research report on Wednesday, July 23rd. Evercore ISI set a $114.00 target price on PACCAR and gave the company an "outperform" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. lifted their target price on PACCAR from $95.00 to $97.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Truist Financial lowered their target price on PACCAR from $102.00 to $98.00 and set a "hold" rating on the stock in a research report on Wednesday, July 23rd.

PACCAR Stock Performance

PCAR opened at $99.08 on Friday. The business's 50-day moving average price is $99.10 and its two-hundred day moving average price is $95.66. PACCAR has a 1 year low of $84.65 and a 1 year high of $118.81. The company has a market capitalization of $52.03 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 3.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.02 and a quick ratio of 2.80.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter last year, the business posted $2.13 EPS. The company's revenue for the quarter was down 15.7% on a year-over-year basis. Equities analysts expect that PACCAR will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 12th. PACCAR's payout ratio is 22.60%.

Insider Buying and Selling

In other PACCAR news, CEO R Preston Feight sold 39,965 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.52, for a total transaction of $3,977,316.80. Following the transaction, the chief executive officer owned 223,190 shares of the company's stock, valued at $22,211,868.80. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brice J. Poplawski sold 5,000 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $100.94, for a total value of $504,700.00. Following the transaction, the chief financial officer directly owned 468 shares in the company, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their position. The disclosure for this sale can be found here. 2.02% of the stock is owned by insiders.

Institutional Investors Weigh In On PACCAR

Institutional investors have recently made changes to their positions in the company. FORA Capital LLC bought a new stake in shares of PACCAR during the first quarter worth approximately $597,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of PACCAR by 15.1% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 794,946 shares of the company's stock worth $77,404,000 after acquiring an additional 104,281 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of PACCAR by 62.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company's stock valued at $3,533,000 after buying an additional 13,904 shares during the period. China Universal Asset Management Co. Ltd. boosted its stake in shares of PACCAR by 51.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company's stock valued at $1,262,000 after buying an additional 4,429 shares during the period. Finally, Moran Wealth Management LLC boosted its stake in shares of PACCAR by 28.8% in the first quarter. Moran Wealth Management LLC now owns 235,167 shares of the company's stock valued at $22,898,000 after buying an additional 52,525 shares during the period. 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.

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