PACCAR Inc (NASDAQ:PCAR) shares traded -1.63% lower at $82.28 on Wall Street last session.
In accordance with the data, 21 analysts cover PACCAR Inc (NASDAQ:PCAR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $90.00 and a low of $74.00, we find $80.00. Given the previous closing price of $83.64, this indicates a potential downside of -4.35 percent. PCAR stock price is now 10.00% away from the 50-day moving average and 19.33% away from the 200-day moving average. The market capitalization of the company currently stands at $41.99B.
It has been rated a hold by 15 analysts and a buy by 2. Brokers who have rated the stock have averaged $80.54 as their price target over the next twelve months.
In other news, FEIGHT R PRESTON, CHIEF EXECUTIVE OFFICER sold 46,523 shares of the company’s stock on May 08. The stock was sold for $3,379,640 at an average price of $72.64. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 128,105 shares in the company, valued at $10.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03, SR. VICE PRESIDENT/CONTROLLER BARKLEY MICHAEL T sold 1 shares of the business’s stock. A total of $57 was realized by selling the stock at an average price of $71.63. Insiders disposed of 320,101 shares of company stock worth roughly $26.34 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PCAR stock. A new stake in PACCAR Inc shares was purchased by FISHER ASSET MANAGEMENT, LLC during the first quarter worth $390,931,000. HOLOCENE ADVISORS, LP invested $155,526,000 in shares of PCAR during the first quarter. In the first quarter, EAM INVESTORS, LLC acquired a new stake in PACCAR Inc valued at approximately $38,821,000. J. GOLDMAN & CO LP acquired a new stake in PCAR for approximately $15,178,000. VARMA MUTUAL PENSION INSURANCE CO purchased a new stake in PCAR valued at around $13,841,000 in the second quarter. In total, there are 1,181 active investors with 66.80% ownership of the company’s stock.
PACCAR Inc (NASDAQ: PCAR) opened at $82.96 on Wednesday. During the past 12 months, PACCAR Inc has had a low of $49.93 and a high of $85.18. The fifty day moving average price for PCAR is $74.99 and a two-hundred day moving average price translates $69.63 for the stock.
The latest earnings results from PACCAR Inc (NASDAQ: PCAR) was released for Mar, 2023. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $2.25, beating analysts’ expectations of $1.81 by 0.44. This compares to $1.15 EPS in the same period last year. The net profit margin was 10.20% and return on equity was 24.00% for PCAR. The company reported revenue of $8.47 billion for the quarter, compared to $6.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.91 percent. For the current quarter, analysts expect PCAR to generate $8.19B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/07/2023. Investors who held shares on 05/17/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 1.22% percent yield. There was an ex-dividend date of 05/16/2023 for this dividend. In terms of dividend payout ratio, PCAR is presently at 56.80%.
