Traders purchased shares of Paccar Inc. (NASDAQ:PCAR) on weakness during trading on Monday. $25.69 million flowed into the stock on the tick-up and $16.96 million flowed out of the stock on the tick-down, for a money net flow of $8.73 million into the stock. Of all equities tracked, Paccar had the 23rd highest net in-flow for the day. Paccar traded down ($0.34) for the day and closed at $59.21

PCAR has been the topic of a number of research reports. Robert W. Baird reaffirmed a “buy” rating on shares of Paccar in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. lowered shares of 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 note on Thursday, June 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $57.00 price target on shares of Paccar in a research note on Friday, July 29th. Zacks Investment Research raised shares of Paccar from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Jefferies Group raised their price target on shares of Paccar from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Four 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. Paccar currently has a consensus rating of “Hold” and an average target price of $56.00.

The company has a market capitalization of $20.75 billion and a PE ratio of 31.43. The firm’s 50 day moving average is $58.10 and its 200-day moving average is $55.25.

Paccar (NASDAQ:PCAR) last issued its earnings results on Tuesday, July 26th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.04. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.17 billion. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Analysts expect that Paccar Inc. will post $3.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.96 annualized dividend and a yield of 1.62%.

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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