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Brokerages Set PACCAR Inc. (NASDAQ:PCAR) PT at $104.59

PACCAR logo with Auto/Tires/Trucks background

Shares of PACCAR Inc. (NASDAQ:PCAR - Get Free Report) have received an average recommendation of "Hold" from the thirteen analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $104.59.

A number of analysts have weighed in on PCAR shares. Citigroup increased their price target on PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday. UBS Group cut PACCAR from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $108.00 to $78.00 in a research note on Monday, April 7th. Wall Street Zen upgraded PACCAR from a "sell" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. cut PACCAR from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $105.00 to $90.00 in a report on Wednesday, April 30th. Finally, Evercore ISI lowered their price objective on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, May 19th.

View Our Latest Report on PCAR

Insider Buying and Selling at PACCAR

In related news, Director Pierre R. Breber acquired 5,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the purchase, the director now owns 13,015 shares in the company, valued at approximately $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.02% of the company's stock.

Institutional Trading of PACCAR

Institutional investors and hedge funds have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its position in PACCAR by 666.7% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock worth $27,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of PACCAR by 221.8% in the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after buying an additional 193 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of PACCAR in the first quarter valued at approximately $29,000. Sunbelt Securities Inc. increased its position in shares of PACCAR by 8,750.0% during the fourth quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock valued at $37,000 after acquiring an additional 350 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in PACCAR by 234.2% during the first quarter. Bayforest Capital Ltd now owns 391 shares of the company's stock worth $38,000 after acquiring an additional 274 shares during the period. Hedge funds and other institutional investors own 64.90% of the company's stock.

PACCAR Trading Up 0.0%

NASDAQ:PCAR traded up $0.01 on Wednesday, reaching $94.89. 3,274,031 shares of the stock traded hands, compared to its average volume of 2,717,629. The firm has a market capitalization of $49.81 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 3.51 and a beta of 0.95. The company's 50 day moving average is $92.69 and its 200-day moving average is $99.62. The company has a current ratio of 2.35, a quick ratio of 2.19 and a debt-to-equity ratio of 0.55. PACCAR has a 1-year low of $84.65 and a 1-year high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a net margin of 10.73% and a return on equity of 20.79%. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. Equities research 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 was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.32 annualized dividend and a yield of 1.39%. PACCAR's payout ratio is 20.00%.

PACCAR Company Profile

(Get Free Report

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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Analyst Recommendations for PACCAR (NASDAQ:PCAR)

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