PACCAR Inc (PCAR) Given Consensus Recommendation of “Hold” by Brokerages
PACCAR Inc (NASDAQ:PCAR) has received an average rating of “Hold” from the nineteen analysts that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $69.79.
Several equities analysts have commented on PCAR shares. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of PACCAR in a research report on Thursday, April 20th. Seaport Global Securities reissued a “buy” rating and issued a $80.00 price target on shares of PACCAR in a research note on Thursday, April 6th. Royal Bank of Canada reissued a “buy” rating and issued a $75.00 price target on shares of PACCAR in a research note on Wednesday, March 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $77.00 price target on shares of PACCAR in a research note on Friday, March 17th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $68.00 price target on shares of PACCAR in a research note on Sunday, February 5th.
Shares of PACCAR (NASDAQ:PCAR) traded down 0.10% during mid-day trading on Friday, reaching $62.63. The company had a trading volume of 987,623 shares. The firm’s 50-day moving average price is $65.35 and its 200 day moving average price is $65.73. PACCAR has a 52-week low of $48.17 and a 52-week high of $70.12. The company has a market cap of $22.00 billion, a price-to-earnings ratio of 15.48 and a beta of 1.26.
PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, April 25th. The company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.85 billion. PACCAR had a return on equity of 20.21% and a net margin of 3.12%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. Equities analysts expect that PACCAR will post $3.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Friday, May 19th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.60%. This is a boost from PACCAR’s previous quarterly dividend of $0.24. PACCAR’s dividend payout ratio (DPR) is currently 64.86%.
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In related news, VP Alma Lily Ley sold 904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $67.39, for a total transaction of $60,920.56. Following the completion of the sale, the vice president now owns 1,679 shares of the company’s stock, valued at $113,147.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.62% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its stake in PACCAR by 6.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,588 shares of the company’s stock valued at $107,000 after buying an additional 95 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in PACCAR by 33.3% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,600 shares of the company’s stock valued at $108,000 after buying an additional 400 shares in the last quarter. Private Advisor Group LLC acquired a new stake in PACCAR during the first quarter valued at approximately $175,000. Boltwood Capital Management acquired a new stake in PACCAR during the first quarter valued at approximately $201,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in PACCAR during the first quarter valued at approximately $202,000. 60.60% of the stock is owned by institutional investors and hedge funds.
PACCAR Company Profile
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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