Brokerages Set PACCAR Inc (NASDAQ:PCAR) PT at $112.73

PACCAR Inc (NASDAQ:PCAR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve research firms that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $112.73.

A number of equities research analysts have commented on PCAR shares. JPMorgan Chase & Co. lowered their target price on PACCAR from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on PACCAR from $121.00 to $109.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Raymond James assumed coverage on shares of PACCAR in a report on Friday, June 28th. They issued a "market perform" rating on the stock. Truist Financial cut their price objective on shares of PACCAR from $115.00 to $107.00 and set a "hold" rating for the company in a research report on Wednesday, July 24th. Finally, Evercore ISI decreased their target price on shares of PACCAR from $109.00 to $99.00 and set an "in-line" rating on the stock in a research report on Monday, August 19th.

PACCAR Price Performance

NASDAQ:PCAR traded down $0.12 during trading hours on Monday, hitting $98.79. The company's stock had a trading volume of 1,832,153 shares, compared to its average volume of 2,631,448. The company has a market capitalization of $51.79 billion, a PE ratio of 10.26, a PEG ratio of 1.48 and a beta of 0.91. PACCAR has a 52-week low of $80.94 and a 52-week high of $125.50. The business's 50-day moving average is $96.95 and its two-hundred day moving average is $106.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.54 and a current ratio of 2.78.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.14 by ($0.01). The business had revenue of $8.26 billion during the quarter, compared to analyst estimates of $8.30 billion. PACCAR had a net margin of 14.07% and a return on equity of 29.87%. PACCAR's revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. As a group, research analysts anticipate that PACCAR will post 8.08 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 13th. PACCAR's dividend payout ratio (DPR) is presently 12.45%.

Insider Transactions at PACCAR

In other news, CEO R Preston Feight sold 27,834 shares of the business's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $98.70, for a total transaction of $2,747,215.80. Following the completion of the sale, the chief executive officer now owns 162,782 shares in the company, valued at approximately $16,066,583.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.02% of the company's stock.

Institutional Trading of PACCAR

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of PACCAR during the second quarter worth about $26,000. YHB Investment Advisors Inc. acquired a new stake in PACCAR in the first quarter valued at approximately $27,000. New Covenant Trust Company N.A. purchased a new stake in shares of PACCAR during the first quarter valued at approximately $27,000. Riverview Trust Co acquired a new position in shares of PACCAR during the first quarter worth $29,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of PACCAR by 269.7% in the second quarter. Meeder Asset Management Inc. now owns 281 shares of the company's stock valued at $29,000 after purchasing an additional 205 shares during the period. 64.90% of the stock is owned by hedge funds and other institutional investors.

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.