PACCAR Inc (NASDAQ:PCAR) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of PACCAR Inc (NASDAQ:PCAR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $118.23.

A number of research firms recently commented on PCAR. Citigroup decreased their price objective on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Evercore ISI decreased their price objective on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective on shares of PACCAR from $132.00 to $121.00 and set an "overweight" rating for the company in a research note on Tuesday. UBS Group lowered shares of PACCAR from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $124.00 to $108.00 in a research note on Tuesday. Finally, Truist Financial raised their price objective on shares of PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th.

Insider Activity

In other news, EVP Darrin C. Siver sold 103,671 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the transaction, the executive vice president now owns 61,005 shares in the company, valued at approximately $6,805,717.80. This trade represents a 62.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael K. Walton sold 6,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total transaction of $636,780.00. Following the transaction, the vice president now owns 951 shares in the company, valued at $100,929.63. This represents a 86.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is owned by corporate insiders.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 193 shares in the last quarter. Golden State Wealth Management LLC bought a new position in PACCAR in the 4th quarter worth $37,000. Kestra Investment Management LLC bought a new position in PACCAR in the 4th quarter worth $37,000. Sunbelt Securities Inc. raised its holdings in PACCAR by 8,750.0% in the 4th quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after acquiring an additional 350 shares during the period. Finally, OFI Invest Asset Management bought a new position in PACCAR in the 4th quarter worth $43,000. Institutional investors own 64.90% of the company's stock.

PACCAR Price Performance

PACCAR stock traded down $1.25 during mid-day trading on Monday, hitting $98.34. The company's stock had a trading volume of 1,356,616 shares, compared to its average volume of 2,501,581. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $51.61 billion, a P/E ratio of 12.43, a P/E/G ratio of 2.77 and a beta of 0.91. PACCAR has a twelve month low of $90.04 and a twelve month high of $125.50. The stock's fifty day moving average price is $106.68 and its two-hundred day moving average price is $106.45.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. Research analysts forecast that PACCAR will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio (DPR) is currently 16.69%.

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.