Analysts Set PACCAR Inc (NASDAQ:PCAR) PT at $120.35

PACCAR Inc (NASDAQ:PCAR) has been given an average rating of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $118.23.

A number of equities analysts recently issued reports on PCAR shares. UBS Group lowered shares of PACCAR from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $124.00 to $108.00 in a research report on Tuesday. Citigroup dropped their target price on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of PACCAR from $132.00 to $121.00 and set an “overweight” rating on the stock in a research report on Tuesday. Evercore ISI dropped their target price on shares of PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Finally, Melius raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday.

Insider Transactions at PACCAR

In other news, VP Michael K. Walton sold 6,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the sale, the vice president now owns 951 shares of the company’s stock, valued at approximately $100,929.63. This represents a 86.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chancellor Financial Group WB LP acquired a new position in PACCAR during the 4th quarter worth about $210,000. 111 Capital acquired a new position in PACCAR during the 4th quarter worth about $421,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PACCAR during the 4th quarter valued at about $42,432,000. LM Advisors LLC acquired a new position in PACCAR during the 4th quarter valued at about $1,022,000. Finally, Garde Capital Inc. acquired a new position in PACCAR during the 4th quarter valued at about $135,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Price Performance

Shares of PACCAR stock opened at $99.59 on Monday. The firm has a fifty day simple moving average of $106.68 and a 200-day simple moving average of $106.45. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. PACCAR has a 1-year low of $90.04 and a 1-year high of $125.50. The stock has a market capitalization of $52.27 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share 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, sell-side analysts expect that PACCAR will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a $3.00 dividend. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s dividend payout ratio is presently 16.69%.

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.