PACCAR Inc (NASDAQ:PCAR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of PACCAR Inc (NASDAQ:PCAR) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $118.23.

A number of research firms recently commented on PCAR. UBS Group cut PACCAR from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $124.00 to $108.00 in a research report on Tuesday, March 18th. Melius Research raised PACCAR to a “strong-buy” rating in a research note on Tuesday, March 18th. Jefferies Financial Group lowered PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, December 6th. Citigroup decreased their price target on PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Evercore ISI decreased their price target on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th.

Insider Activity

In related news, VP Todd R. Hubbard sold 2,000 shares of the firm’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 sale, the vice president now directly owns 5,463 shares in the company, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael K. Walton sold 6,000 shares of the firm’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 in the company, valued at approximately $100,929.63. The trade was a 86.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,547 shares of company stock valued at $18,261,908 in the last three months. Corporate insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On PACCAR

Several hedge funds have recently modified their holdings of the stock. Chancellor Financial Group WB LP purchased a new stake in shares of PACCAR during the 4th quarter valued at about $210,000. 111 Capital purchased a new stake in PACCAR during the 4th quarter worth approximately $421,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PACCAR during the 4th quarter worth approximately $42,432,000. LM Advisors LLC purchased a new stake in PACCAR during the 4th quarter worth approximately $1,022,000. Finally, Garde Capital Inc. purchased a new stake in PACCAR during the 4th quarter worth approximately $135,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Trading Down 1.2 %

PACCAR stock opened at $97.11 on Monday. The stock has a market cap of $50.96 billion, a PE ratio of 12.28, a P/E/G ratio of 2.77 and a beta of 0.91. The stock has a 50-day moving average price of $106.29 and a 200 day moving average price of $106.56. PACCAR has a 52 week low of $90.04 and a 52 week high of $125.50. 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 (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS 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%. Equities research analysts predict that PACCAR will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.33 dividend. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, February 12th. PACCAR’s payout ratio is currently 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.