Shares of PACCAR Inc (NASDAQ:PCAR – Get Rating) have been assigned an average recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $95.62.
A number of brokerages recently issued reports on PCAR. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PACCAR from $95.00 to $97.00 in a research report on Wednesday, October 26th. Vertical Research cut shares of PACCAR from a “buy” rating to a “hold” rating and lifted their price target for the company from $100.00 to $102.00 in a research report on Wednesday, August 17th. Wolfe Research lowered shares of PACCAR from an “outperform” rating to a “peer perform” rating in a research note on Thursday, November 17th. Raymond James raised their price objective on shares of PACCAR from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 20th. Finally, Morgan Stanley raised their price objective on shares of PACCAR from $89.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 26th.
Insider Buying and Selling
In related news, VP Todd R. Hubbard sold 491 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $95.00, for a total value of $46,645.00. Following the transaction, the vice president now owns 1,628 shares of the company’s stock, valued at $154,660. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO R Preston Feight sold 13,900 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $95.77, for a total value of $1,331,203.00. Following the transaction, the chief executive officer now owns 62,377 shares of the company’s stock, valued at $5,973,845.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Todd R. Hubbard sold 491 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $95.00, for a total transaction of $46,645.00. Following the completion of the transaction, the vice president now directly owns 1,628 shares in the company, valued at approximately $154,660. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,443 shares of company stock valued at $4,156,381. 2.05% of the stock is owned by insiders.
Hedge Funds Weigh In On PACCAR
PACCAR Trading Down 0.1 %
NASDAQ:PCAR opened at $105.89 on Friday. The company has a 50-day moving average price of $92.88 and a 200-day moving average price of $88.57. PACCAR has a 12 month low of $77.00 and a 12 month high of $107.18. The company has a current ratio of 2.66, a quick ratio of 2.38 and a debt-to-equity ratio of 0.55. The stock has a market cap of $36.83 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.30 and a beta of 0.90.
PACCAR (NASDAQ:PCAR – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.21. PACCAR had a net margin of 9.50% and a return on equity of 21.24%. The company had revenue of $6.69 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same period last year, the company posted $1.08 EPS. PACCAR’s revenue was up 41.1% on a year-over-year basis. Equities analysts predict that PACCAR will post 8.15 EPS for the current year.
PACCAR Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 15th will be issued a $0.37 dividend. This is an increase from PACCAR’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. PACCAR’s dividend payout ratio (DPR) is presently 19.81%.
PACCAR Company Profile
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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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