PACCAR (NASDAQ:PCAR) Trading Down 0%

PACCAR Inc (NASDAQ:PCARGet Free Report) shares traded down 0% during mid-day trading on Monday . The stock traded as low as $123.28 and last traded at $123.87. 201,298 shares were traded during mid-day trading, a decline of 91% from the average session volume of 2,288,007 shares. The stock had previously closed at $123.89.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and boosted their target price for the company from $104.00 to $136.00 in a research note on Friday, March 15th. The Goldman Sachs Group boosted their price target on shares of PACCAR from $93.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Morgan Stanley initiated coverage on shares of PACCAR in a report on Monday, January 8th. They set an “overweight” rating and a $125.00 target price for the company. Evercore ISI upped their target price on shares of PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Finally, Bank of America raised shares of PACCAR from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $84.00 to $97.00 in a report on Friday, January 19th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PACCAR has a consensus rating of “Moderate Buy” and an average target price of $109.39.

Read Our Latest Stock Analysis on PCAR

PACCAR Price Performance

The firm has a market cap of $62.88 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.92 and a beta of 0.92. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $111.59 and its 200-day moving average price is $97.77.

PACCAR (NASDAQ:PCARGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.45. The business had revenue of $8.59 billion for the quarter, compared to analysts’ expectations of $8.48 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 earnings per share. On average, equities research analysts forecast that PACCAR Inc will post 8.15 EPS for the current year.

PACCAR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 0.90%. PACCAR’s dividend payout ratio is currently 12.31%.

Insider Transactions at PACCAR

In related news, Chairman Mark C. Pigott sold 74,347 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total transaction of $7,578,189.71. Following the completion of the sale, the chairman now directly owns 4,843,277 shares of the company’s stock, valued at $493,675,224.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other PACCAR news, VP Todd R. Hubbard sold 4,829 shares of PACCAR stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $102.12, for a total value of $493,137.48. Following the completion of the sale, the vice president now owns 5,726 shares in the company, valued at approximately $584,739.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark C. Pigott sold 74,347 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total value of $7,578,189.71. Following the sale, the chairman now owns 4,843,277 shares of the company’s stock, valued at approximately $493,675,224.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,496 shares of company stock worth $15,834,812. Insiders own 2.02% of the company’s stock.

Institutional Trading of PACCAR

A number of institutional investors have recently modified their holdings of PCAR. OFI Invest Asset Management purchased a new stake in shares of PACCAR during the 3rd quarter worth about $26,000. AdvisorNet Financial Inc lifted its position in PACCAR by 188.5% during the 4th quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. ST Germain D J Co. Inc. raised its position in shares of PACCAR by 61.9% in the 3rd quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of PACCAR in the 3rd quarter valued at approximately $30,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of PACCAR in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Company Profile

(Get Free Report)

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.

Featured Stories

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