PACCAR (PCAR) – Research Analysts’ Recent Ratings Updates

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

  • 1/25/2024 – PACCAR had its price target raised by analysts at UBS Group AG from $90.00 to $104.00. They now have a “neutral” rating on the stock.
  • 1/24/2024 – PACCAR had its price target raised by analysts at The Goldman Sachs Group, Inc. from $93.00 to $106.00. They now have a “neutral” rating on the stock.
  • 1/24/2024 – PACCAR had its price target raised by analysts at TD Cowen from $91.00 to $108.00. They now have a “market perform” rating on the stock.
  • 1/19/2024 – PACCAR was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “neutral” rating. They now have a $97.00 price target on the stock, up previously from $84.00.
  • 1/18/2024 – PACCAR had its price target raised by analysts at JPMorgan Chase & Co. from $107.00 to $113.00. They now have an “overweight” rating on the stock.
  • 1/8/2024 – PACCAR is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $125.00 price target on the stock.

PACCAR Stock Up 0.6 %

Shares of PACCAR stock opened at $101.97 on Wednesday. The stock’s fifty day moving average is $95.88 and its 200-day moving average is $89.16. The firm has a market capitalization of $53.34 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.62 and a beta of 0.92. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.49. PACCAR Inc has a 12-month low of $67.48 and a 12-month high of $103.40.

PACCAR (NASDAQ:PCARGet Free Report) last announced its earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.45. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.48 billion. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. PACCAR’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 earnings per share. Equities analysts anticipate that PACCAR Inc will post 7.96 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, March 6th. Investors of record on Wednesday, February 15th will be given a dividend of $3.20 per share. This is a positive change from PACCAR’s previous None dividend of $0.89. The ex-dividend date of this dividend is Wednesday, February 14th. PACCAR’s payout ratio is presently 12.31%.

Insider Activity at PACCAR

In related news, SVP Kevin D. Baney sold 7,203 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $103.03, for a total transaction of $742,125.09. Following the transaction, the senior vice president now directly owns 6,621 shares of the company’s stock, valued at $682,161.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Kevin D. Baney sold 7,203 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $103.03, for a total transaction of $742,125.09. Following the transaction, the senior vice president now directly owns 6,621 shares of the company’s stock, valued at $682,161.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Harrie Schippers sold 23,221 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $86.28, for a total value of $2,003,507.88. Following the completion of the transaction, the chief financial officer now owns 93,522 shares in the company, valued at approximately $8,069,078.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,420 shares of company stock valued at $3,429,797. Company insiders own 2.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PCAR. FORVIS Wealth Advisors LLC boosted its stake in shares of PACCAR by 0.5% during the 4th quarter. FORVIS Wealth Advisors LLC now owns 22,097 shares of the company’s stock worth $2,158,000 after acquiring an additional 109 shares in the last quarter. BDO Wealth Advisors LLC boosted its stake in shares of PACCAR by 1.4% during the 2nd quarter. BDO Wealth Advisors LLC now owns 8,789 shares of the company’s stock worth $735,000 after acquiring an additional 120 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of PACCAR by 0.9% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 14,478 shares of the company’s stock worth $1,231,000 after acquiring an additional 124 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of PACCAR by 1.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,654 shares of the company’s stock worth $557,000 after acquiring an additional 124 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in PACCAR by 8.2% during the 1st quarter. Penserra Capital Management LLC now owns 1,653 shares of the company’s stock valued at $145,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 65.68% of the company’s stock.

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.

See Also

Receive News & Ratings for PACCAR Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR Inc and related companies with MarketBeat.com's FREE daily email newsletter.