PACCAR Inc. (NASDAQ:PCAR) Receives Average Rating of “Hold” from Brokerages

Shares of PACCAR Inc. (NASDAQ:PCAR) have earned an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong 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 $116.50.

PCAR has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Morgan Stanley set a $109.00 target price on shares of PACCAR and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Wells Fargo & Company set a $119.00 price objective on shares of PACCAR and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Citigroup raised their price objective on shares of PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th.

Insiders Place Their Bets

In other PACCAR news, VP Paulo Henrique Bolgar sold 12,183 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the transaction, the vice president owned 6,274 shares in the company, valued at approximately $768,125.82. This trade represents a 66.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP C Michael Dozier sold 79,076 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $127.92, for a total value of $10,115,401.92. Following the transaction, the executive vice president owned 34,656 shares of the company’s stock, valued at $4,433,195.52. The trade was a 69.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 133,105 shares of company stock worth $16,869,046 over the last three months. Insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PCAR. Ares Financial Consulting LLC acquired a new stake in PACCAR in the fourth quarter worth $27,000. MCF Advisors LLC increased its position in shares of PACCAR by 57.5% in the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 92 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of PACCAR in the 4th quarter valued at $30,000. Private Wealth Management Group LLC raised its stake in PACCAR by 293.1% during the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after buying an additional 211 shares during the period. Finally, Camelot Portfolios LLC bought a new position in PACCAR during the fourth quarter worth about $33,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Up 1.6%

NASDAQ:PCAR opened at $126.09 on Monday. The company has a market cap of $66.31 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 1.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. The stock’s fifty day moving average price is $120.95 and its two-hundred day moving average price is $107.82. PACCAR has a 52-week low of $84.65 and a 52-week high of $131.88.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.06 billion. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The business’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period last year, the firm earned $1.66 EPS. On average, analysts anticipate that PACCAR will post 7.57 EPS for the current year.

PACCAR Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.0%. PACCAR’s dividend payout ratio is 29.27%.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.