PACCAR Inc. (NASDAQ:PCAR) Given Consensus Rating of “Moderate Buy” by Analysts

PACCAR Inc. (NASDAQ:PCAR) has received a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $109.1154.

A number of research analysts have recently issued reports on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of PACCAR in a report on Tuesday, October 21st. Citigroup reissued a “neutral” rating and issued a $115.00 target price (up previously from $105.00) on shares of PACCAR in a research report on Thursday, December 11th. Sanford C. Bernstein restated an “outperform” rating and set a $125.00 price objective on shares of PACCAR in a research report on Friday, December 5th. Morgan Stanley set a $90.00 target price on PACCAR in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. boosted their price target on PACCAR from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd.

PACCAR Trading Down 0.7%

NASDAQ PCAR opened at $112.16 on Wednesday. PACCAR has a 12 month low of $84.65 and a 12 month high of $115.43. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average price is $101.18 and its 200-day moving average price is $98.67. The stock has a market cap of $58.91 billion, a P/E ratio of 21.95, a P/E/G ratio of 15.45 and a beta of 1.01.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.23 billion. PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 earnings per share. As a group, equities analysts forecast that PACCAR will post 7.57 EPS for the current fiscal year.

PACCAR Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, February 11th. PACCAR’s payout ratio is 25.83%.

Insider Buying and Selling

In other PACCAR news, CFO Brice J. Poplawski sold 3,369 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $101.15, for a total value of $340,774.35. Following the transaction, the chief financial officer directly owned 468 shares in the company, valued at approximately $47,338.20. This trade represents a 87.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On PACCAR

A number of hedge funds have recently modified their holdings of PCAR. Hazlett Burt & Watson Inc. raised its holdings in PACCAR by 53.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock worth $28,000 after purchasing an additional 100 shares during the period. Fidelis Capital Partners LLC increased its position in PACCAR by 2.9% in the second quarter. Fidelis Capital Partners LLC now owns 3,759 shares of the company’s stock worth $366,000 after buying an additional 105 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of PACCAR by 3.1% in the third quarter. Foundations Investment Advisors LLC now owns 3,640 shares of the company’s stock worth $358,000 after buying an additional 108 shares during the period. Intellectus Partners LLC raised its stake in shares of PACCAR by 1.0% in the second quarter. Intellectus Partners LLC now owns 10,673 shares of the company’s stock worth $1,015,000 after buying an additional 109 shares during the period. Finally, Matrix Trust Co lifted its position in shares of PACCAR by 3.9% during the 3rd quarter. Matrix Trust Co now owns 2,948 shares of the company’s stock valued at $290,000 after buying an additional 110 shares in the last quarter. Institutional investors own 64.90% of the company’s stock.

PACCAR Company Profile

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.