Stifel Nicolaus reiterated their hold rating on shares of PACCAR (NASDAQ:PCAR) in a research report report published on Tuesday, January 30th. The firm currently has a $77.00 price target on the stock.
A number of other analysts also recently issued reports on the company. Wells Fargo & Co lifted their price target on PACCAR from $75.00 to $80.00 and gave the company a market perform rating in a research report on Thursday, January 18th. Seaport Global Securities reiterated a neutral rating on shares of PACCAR in a research report on Tuesday, January 16th. Royal Bank of Canada reiterated a buy rating and issued a $82.00 price target on shares of PACCAR in a research report on Thursday, January 11th. Bank of America raised PACCAR from a neutral rating to a buy rating and set a $70.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, Piper Jaffray Companies set a $67.00 price objective on PACCAR and gave the company a hold rating in a research note on Sunday, December 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $76.26.
PACCAR (NASDAQ:PCAR) traded up $0.98 during mid-day trading on Tuesday, hitting $69.12. The stock had a trading volume of 1,627,543 shares, compared to its average volume of 2,467,882. PACCAR has a 52 week low of $61.93 and a 52 week high of $79.69. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $24,260.00, a price-to-earnings ratio of 14.52, a PEG ratio of 1.30 and a beta of 1.22.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. research analysts expect that PACCAR will post 5.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.45%. PACCAR’s dividend payout ratio is presently 21.05%.
Hedge funds have recently bought and sold shares of the business. Koch Industries Inc. purchased a new position in shares of PACCAR during the 2nd quarter worth approximately $213,000. Shell Asset Management Co. boosted its position in shares of PACCAR by 237.7% in the 3rd quarter. Shell Asset Management Co. now owns 74,902 shares of the company’s stock worth $4,260,000 after purchasing an additional 52,722 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of PACCAR in the 2nd quarter worth approximately $2,395,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of PACCAR by 18.3% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,664 shares of the company’s stock worth $4,316,000 after purchasing an additional 9,219 shares in the last quarter. Finally, 361 Capital LLC bought a new stake in shares of PACCAR in the 3rd quarter worth approximately $919,000. Hedge funds and other institutional investors own 62.97% of the company’s stock.
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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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