PACCAR (NASDAQ:PCAR - Get Free Report) had its price objective decreased by equities research analysts at Citigroup from $105.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's target price points to a potential upside of 5.01% from the company's current price.
Several other equities research analysts have also recently weighed in on PCAR. Truist Financial decreased their price target on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. UBS Group lowered shares of 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 report on Monday, April 7th. JPMorgan Chase & Co. lowered their target price on shares of PACCAR from $132.00 to $121.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Melius Research set a $120.00 price target on shares of PACCAR in a research report on Tuesday, March 18th. Finally, Melius upgraded PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $112.13.
Check Out Our Latest Research Report on PCAR
PACCAR Stock Performance
PACCAR stock traded up $1.70 during mid-day trading on Tuesday, reaching $90.47. The company's stock had a trading volume of 3,357,834 shares, compared to its average volume of 2,738,077. The firm's fifty day moving average price is $100.92 and its two-hundred day moving average price is $106.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. PACCAR has a 12-month low of $85.10 and a 12-month high of $121.75. The company has a market capitalization of $47.49 billion, a P/E ratio of 11.44, a PEG ratio of 2.77 and a beta of 0.96.
PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. Sell-side analysts predict that PACCAR will post 7.57 EPS for the current fiscal year.
Insider Buying and Selling
In other PACCAR news, VP Michael K. Walton sold 6,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the sale, the vice president now directly owns 951 shares of the company's stock, valued at $100,929.63. The trade was a 86.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the sale, the vice president now owns 5,463 shares of the company's stock, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock worth $18,261,908 in the last quarter. 2.02% of the stock is owned by insiders.
Institutional Trading of PACCAR
Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its holdings in PACCAR by 221.8% during the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock valued at $29,000 after buying an additional 193 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of PACCAR during the fourth quarter valued at about $37,000. Sunbelt Securities Inc. boosted its holdings in shares of PACCAR by 8,750.0% during the fourth quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after purchasing an additional 350 shares during the period. Kestra Investment Management LLC bought a new stake in shares of PACCAR in the fourth quarter worth about $37,000. Finally, Atala Financial Inc purchased a new position in PACCAR during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 64.90% of the company's stock.
About PACCAR
(
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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