PACCAR Inc (NASDAQ:PCAR) shares traded -0.17% lower at $82.72 on Wall Street last session.
In accordance with the data, 20 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 $115.00 and a low of $78.00, we find $90.00. Given the previous closing price of $82.86, this indicates a potential upside of 8.62 percent. PCAR stock price is now -2.02% away from the 50-day moving average and 11.26% away from the 200-day moving average. The market capitalization of the company currently stands at $42.97B.
It has been rated a hold by 14 analysts and a buy by 3. Brokers who have rated the stock have averaged $90.41 as their price target over the next twelve months.
With the price target enhanced from $85 to $115, Jefferies Upgraded its rating from Hold to Buy for PACCAR Inc (NASDAQ: PCAR).
In other news, FEIGHT R PRESTON, CHIEF EXECUTIVE OFFICER sold 56,000 shares of the company’s stock on Aug 02. The stock was sold for $4,813,967 at an average price of $85.96. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 128,105 shares in the company, valued at $10.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02, PRESIDENT & CFO SCHIPPERS HARRIE sold 24,000 shares of the business’s stock. A total of $2,065,757 was realized by selling the stock at an average price of $86.07. This leaves the insider owning 93,522 shares of the company worth $7.74 million. Insiders disposed of 318,101 shares of company stock worth roughly $26.31 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 GENUS CAPITAL MANAGEMENT INC. during the first quarter worth $4,617,000. IA GLOBAL ASSET MANAGEMENT INC. invested $4,580,000 in shares of PCAR during the first quarter. In the first quarter, BROOKFIELD CORP /ON/ acquired a new stake in PACCAR Inc valued at approximately $4,048,000. MOUNT LUCAS MANAGEMENT LP acquired a new stake in PCAR for approximately $3,099,000. TRILOGY CAPITAL INC. purchased a new stake in PCAR valued at around $2,577,000 in the second quarter. In total, there are 1,186 active investors with 66.80% ownership of the company’s stock.
During the past 12 months, PACCAR Inc has had a low of $53.15 and a high of $90.05. According to the stock market information, the enterprise value for the company is $49.00B, which is based on a 16.12 price-to-earnings ratio, a 2.39 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for PCAR is $84.52 and a two-hundred day moving average price translates $74.65 for the stock.
The latest earnings results from PACCAR Inc (NASDAQ: PCAR) was released for Jun, 2023. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $2.33, beating analysts’ expectations of $2.18 by 0.15. This compares to $1.38 EPS in the same period last year. The net profit margin was 11.20% and return on equity was 26.50% for PCAR. The company reported revenue of $8.88 billion for the quarter, compared to $7.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.06 percent. For the current quarter, analysts expect PCAR to generate $8.01B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/07/2023. Investors who held shares on 08/17/2023 were paid a $0.27 dividend. On an annualized basis, this represents a $1.08 dividend and a 1.31% percent yield. There was an ex-dividend date of 08/16/2023 for this dividend. In terms of dividend payout ratio, PCAR is presently at 55.30%.
PACCAR Inc(PCAR) Company Profile
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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. It sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full-service leasing operations under the PacLease trade name, as well as provides finance and leasing products and services to customers and dealers. This segment also offers equipment financing and administrative support services for its franchisees; retail loan and leasing services for small, medium, and large commercial trucking companies, as well as independent owners/operators and other businesses; and truck inventory financing services to independent dealers. In addition, this segment offers loans and leases directly to customers for the acquisition of trucks and related equipment. The company also manufactures and markets industrial winches under the Braden, Carco, and Gearmatic nameplates. PACCAR Inc was founded in 1905 and is headquartered in Bellevue, Washington.
