Investment Analysts’ Recent Ratings Changes for PACCAR (PCAR)

PACCAR (NASDAQ: PCAR) has recently received a number of price target changes and ratings updates:

• 1/16/2025 – PACCAR had its price target raised by analysts at Truist Financial Co. from $110.00 to $112.00. They now have a “hold” rating on the stock.
• 1/14/2025 – PACCAR had its price target lowered by analysts at Citigroup Inc. from $125.00 to $115.00. They now have a “neutral” rating on the stock.
• 1/14/2025 – PACCAR was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $121.50 price target on the stock, up previously from $116.00.
• 1/13/2025 – PACCAR had its price target raised by analysts at JPMorgan Chase & Co. from $122.00 to $125.00. They now have an “overweight” rating on the stock.
• 12/19/2024 – PACCAR had its price target raised by analysts at Truist Financial Co. from $107.00 to $110.00. They now have a “hold” rating on the stock.
• 12/9/2024 – PACCAR had its price target raised by analysts at Citigroup Inc. from $120.00 to $125.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – PACCAR was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $120.00 price target on the stock.

PACCAR Trading Down 0.2 %

Shares of PCAR stock traded down $0.27 during mid-day trading on Wednesday, reaching $109.84. The company’s stock had a trading volume of 2,135,823 shares, compared to its average volume of 2,185,540. The company’s 50 day simple moving average is $110.84 and its 200-day simple moving average is $104.19. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.54. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50. The firm has a market capitalization of $57.59 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 2.78 and a beta of 0.93.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the previous year, the firm posted $2.34 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. On average, research analysts predict that PACCAR Inc will post 7.93 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a dividend of $3.00 per share. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio is 14.75%.

Insiders Place Their Bets

In other news, SVP Kevin D. Baney sold 9,894 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $107.00, for a total value of $1,058,658.00. Following the completion of the sale, the senior vice president now owns 7,121 shares in the company, valued at $761,947. This represents a 58.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO R Preston Feight sold 27,191 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 171,776 shares of the company’s stock, valued at $17,782,251.52. The trade was a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,315 shares of company stock valued at $6,358,552 over the last three months. Company insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On PACCAR

A number of large investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of PACCAR by 53.3% during the 3rd quarter. Wellington Management Group LLP now owns 13,434,115 shares of the company’s stock valued at $1,325,678,000 after buying an additional 4,669,172 shares during the period. Massachusetts Financial Services Co. MA boosted its position in PACCAR by 47.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,194,903 shares of the company’s stock valued at $1,006,033,000 after purchasing an additional 3,296,146 shares during the last quarter. JPMorgan Chase & Co. grew its stake in PACCAR by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company’s stock valued at $346,878,000 after purchasing an additional 1,164,692 shares in the last quarter. Erste Asset Management GmbH acquired a new position in PACCAR in the 3rd quarter worth about $63,186,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of PACCAR by 115.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,074,653 shares of the company’s stock worth $106,047,000 after purchasing an additional 576,532 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

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.