1 week Ago By ABMN Staff
PACCAR ( NASDAQ:PCAR – Free Report ) had its price objective lowered by Citigroup from $105.00 to $95.00 in a research report report published on Tuesday morning, Benzinga reports.
Citigroup currently has a neutral rating on the stock. Several other equities research analysts have also recently issued reports on the stock. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.
00 to $121.50 in a report on Tuesday, January 14th. Melius raised PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.
Truist Financial lowered their target price on PACCAR from $113.00 to $104.00 and set a “hold” rating on the stock in a report on Tuesday.
Evercore ISI dropped their target price on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th.
Finally, JPMorgan Chase & Co. reduced their price target on shares of PACCAR from $132.00 to $121.
00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.
46. Read Our Latest Research Report on PCAR PACCAR Stock Down 2.0 % PACCAR ( NASDAQ:PCAR – Get Free Report ) last posted its earnings results on Tuesday, January 28th.
The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.
04). PACCAR had a net margin of 12.36% and a return on equity of 23.
53%. Equities analysts forecast that PACCAR will post 7.57 earnings per share for the current fiscal year.
PACCAR Increases Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a dividend of $0.33 per share.
This is a boost from PACCAR’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 12th.
This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.53%.
PACCAR’s payout ratio is 16.69%. Insider Buying and Selling In other news, CEO R Preston Feight sold 25,200 shares of PACCAR stock in a transaction that occurred on Friday, January 31st.
The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00.
Following the sale, the chief executive officer now owns 206,129 shares in the company, valued at $22,876,196.42. This trade represents a 10.
89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Also, CFO Harrie Schippers sold 28,676 shares of the company’s stock in a transaction on Tuesday, February 18th.
The stock was sold at an average price of $105.97, for a total transaction of $3,038,795.72.
Following the transaction, the chief financial officer now owns 114,659 shares of the company’s stock, valued at approximately $12,150,414.23. This represents a 20.
01 % decrease in their position. The disclosure for this sale can be found here . In the last quarter, insiders sold 165,547 shares of company stock valued at $18,261,908.
Company insiders own 2.02% of the company’s stock. Institutional Trading of PACCAR Institutional investors and hedge funds have recently bought and sold shares of the stock.
Principal Financial Group Inc. increased its holdings in shares of PACCAR by 5.6% in the third quarter.
Principal Financial Group Inc. now owns 3,398,193 shares of the company’s stock worth $335,334,000 after purchasing an additional 178,813 shares during the last quarter. Janus Henderson Group PLC grew its holdings in PACCAR by 3.
0% during the 3rd quarter. Janus Henderson Group PLC now owns 65,511 shares of the company’s stock valued at $6,464,000 after buying an additional 1,900 shares in the last quarter. IHT Wealth Management LLC bought a new stake in PACCAR in the 3rd quarter worth approximately $297,000.
Morse Asset Management Inc purchased a new stake in shares of PACCAR during the 3rd quarter worth approximately $370,000. Finally, Stifel Financial Corp raised its holdings in shares of PACCAR by 6.4% during the 3rd quarter.
Stifel Financial Corp now owns 211,861 shares of the company’s stock worth $20,906,000 after acquiring an additional 12,807 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors.
About PACCAR ( Get Free Report ) 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.
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