PACCAR (NASDAQ:PCAR) Trading 4.7% Higher - What's Next?

PACCAR Inc (NASDAQ:PCAR - Get Free Report) rose 4.7% during trading on Monday . The company traded as high as $115.43 and last traded at $115.19. Approximately 1,289,226 shares traded hands during trading, a decline of 48% from the average daily volume of 2,488,882 shares. The stock had previously closed at $110.06.

Analysts Set New Price Targets

A number of research analysts have weighed in on PCAR shares. Truist Financial lifted their price objective on shares of PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. Evercore ISI cut their price target on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Citigroup reduced their price target on PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on PACCAR from $125.00 to $132.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group downgraded PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.77.

PACCAR Trading Down 1.1 %

The company has a fifty day moving average of $107.42 and a two-hundred day moving average of $106.32. 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 $54.33 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 2.77 and a beta of 0.91.

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

PACCAR Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a $3.00 dividend. 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%.

Insider Buying and Selling

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the sale, the vice president now directly owns 5,463 shares in the company, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $11,565,536.76. Following the completion of the transaction, the executive vice president now owns 61,005 shares of the company's stock, valued at approximately $6,805,717.80. This represents a 62.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,547 shares of company stock valued at $18,261,908. Corporate insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On PACCAR

Several institutional investors and hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of PACCAR in the fourth quarter valued at about $42,432,000. LM Advisors LLC acquired a new position in shares of PACCAR during the 4th quarter worth approximately $1,022,000. Garde Capital Inc. purchased a new stake in PACCAR in the 4th quarter valued at approximately $135,000. Great Valley Advisor Group Inc. grew its holdings in PACCAR by 7.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 46,060 shares of the company's stock valued at $4,791,000 after buying an additional 3,132 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of PACCAR by 6.1% in the fourth quarter. Mackenzie Financial Corp now owns 81,219 shares of the company's stock worth $8,448,000 after acquiring an additional 4,703 shares during the last quarter. 64.90% of the stock is currently 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.