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

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.

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

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.