Investors Sell Paccar Inc. (PCAR) on Strength (PCAR)
Traders sold shares of Paccar Inc. (NASDAQ:PCAR) on strength during trading on Tuesday. $16.71 million flowed into the stock on the tick-up and $37.33 million flowed out of the stock on the tick-down, for a money net flow of $20.62 million out of the stock. Of all stocks tracked, Paccar had the 0th highest net out-flow for the day. Paccar traded up $0.05 for the day and closed at $58.88
A number of analysts recently commented on the company. Robert W. Baird reaffirmed a “buy” rating on shares of Paccar in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. downgraded Paccar from a “buy” rating to a “neutral” rating and decreased their price target for the company from $67.00 to $63.00 in a research report on Thursday, June 2nd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Paccar in a research report on Wednesday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $53.00 price target (up from $52.00) on shares of Paccar in a research report on Wednesday, April 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Paccar in a research report on Wednesday, April 27th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $55.87.
The stock has a 50 day moving average price of $55.36 and a 200 day moving average price of $54.37. The firm has a market cap of $20.64 billion and a P/E ratio of 31.25.
Paccar (NASDAQ:PCAR) last announced its earnings results on Tuesday, July 26th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Paccar’s quarterly revenue was down 14.0% on a year-over-year basis. Analysts expect that Paccar Inc. will post $3.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 12th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.63%.
A number of large investors recently made changes to their positions in PCAR. Calvert Investment Management Inc. raised its stake in shares of Paccar by 49.2% in the fourth quarter. Calvert Investment Management Inc. now owns 25,243 shares of the company’s stock worth $1,197,000 after buying an additional 8,328 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Paccar by 2.7% in the fourth quarter. BlackRock Advisors LLC now owns 1,185,567 shares of the company’s stock worth $56,195,000 after buying an additional 31,370 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Paccar by 75.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,880,915 shares of the company’s stock worth $89,160,000 after buying an additional 806,887 shares in the last quarter.
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.
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