PACCAR Inc (NASDAQ:PCAR) Given Consensus Rating of "Hold" by Analysts

Shares of PACCAR Inc (NASDAQ:PCAR - Get Free Report) have been assigned a consensus rating of "Hold" from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $117.83.

Several analysts recently issued reports on PCAR shares. Morgan Stanley cut their target price on shares of PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of PACCAR from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. BNP Paribas raised PACCAR to a "hold" rating in a report on Wednesday, October 16th. Truist Financial boosted their price target on PACCAR from $103.00 to $107.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Finally, Evercore ISI raised PACCAR from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $99.00 to $129.00 in a research note on Wednesday, November 13th.

Insider Buying and Selling at PACCAR

In other PACCAR news, CFO Harrie Schippers sold 20,000 shares of PACCAR stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $106.93, for a total value of $2,138,600.00. Following the sale, the chief financial officer now owns 105,558 shares of the company's stock, valued at $11,287,316.94. The trade was a 15.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO R Preston Feight sold 27,191 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $103.52, for a total transaction of $2,814,812.32. Following the completion of the transaction, the chief executive officer now directly owns 171,776 shares of the company's stock, valued at approximately $17,782,251.52. This trade represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,315 shares of company stock worth $6,358,552. Insiders own 2.02% of the company's stock.

Institutional Trading of PACCAR

Large investors have recently made changes to their positions in the business. Quarry LP bought a new stake in PACCAR during the second quarter worth approximately $26,000. Meeder Asset Management Inc. increased its position in shares of PACCAR by 269.7% during the 2nd 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 last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in PACCAR during the 2nd quarter valued at $36,000. ORG Partners LLC lifted its position in PACCAR by 7,560.0% in the second quarter. ORG Partners LLC now owns 383 shares of the company's stock worth $39,000 after buying an additional 378 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in PACCAR by 28.4% during the third quarter. Grove Bank & Trust now owns 466 shares of the company's stock worth $46,000 after buying an additional 103 shares during the period. 64.90% of the stock is currently owned by institutional investors.

PACCAR Stock Performance

PCAR stock traded down $1.74 on Friday, hitting $115.88. The company had a trading volume of 1,916,392 shares, compared to its average volume of 1,958,968. The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 0.54. PACCAR has a 12-month low of $90.04 and a 12-month high of $125.50. The stock has a market cap of $60.76 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 1.86 and a beta of 0.91. The stock's 50-day simple moving average is $109.14 and its 200 day simple moving average is $103.63.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.82 by $0.03. The company had revenue of $8.24 billion during the quarter, compared to analyst estimates of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. PACCAR's revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 earnings per share. As a group, equities research analysts expect that PACCAR will post 7.98 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.04%. PACCAR's dividend payout ratio is 13.41%.

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.