PACCAR (PCAR) Earns Hold Rating from Stifel Nicolaus
A number of other research analysts have also recently issued reports on PCAR. Deutsche Bank reaffirmed a hold rating and issued a $78.00 price target (up previously from $75.00) on shares of PACCAR in a report on Monday, October 9th. ValuEngine cut shares of PACCAR from a buy rating to a hold rating in a report on Tuesday, October 10th. Robert W. Baird reaffirmed a hold rating and issued a $80.00 price target on shares of PACCAR in a report on Thursday, October 12th. Citigroup raised their price target on shares of PACCAR from $78.00 to $81.00 and gave the stock a buy rating in a report on Friday, October 13th. Finally, Jefferies Group reaffirmed a buy rating and issued a $85.00 price target on shares of PACCAR in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $76.58.
PACCAR (NASDAQ PCAR) opened at $68.69 on Monday. The stock has a market cap of $24,690.00, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. PACCAR has a fifty-two week low of $61.93 and a fifty-two week high of $79.69. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.75.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. PACCAR’s dividend payout ratio (DPR) is presently 21.05%.
In related news, VP C Michael Dozier sold 3,618 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.64% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Nwam LLC grew its position in PACCAR by 16.8% during the fourth quarter. Nwam LLC now owns 36,776 shares of the company’s stock valued at $2,614,000 after buying an additional 5,282 shares during the period. Sentry Investment Management LLC grew its position in PACCAR by 60.7% during the fourth quarter. Sentry Investment Management LLC now owns 20,245 shares of the company’s stock valued at $1,439,000 after buying an additional 7,647 shares during the period. Heritage Investors Management Corp grew its position in PACCAR by 0.3% during the fourth quarter. Heritage Investors Management Corp now owns 285,340 shares of the company’s stock valued at $20,282,000 after buying an additional 920 shares during the period. Candriam Luxembourg S.C.A. grew its position in PACCAR by 268.8% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 184,358 shares of the company’s stock valued at $13,104,000 after buying an additional 134,366 shares during the period. Finally, RWC Asset Management LLP grew its position in PACCAR by 11.4% during the fourth quarter. RWC Asset Management LLP now owns 286,314 shares of the company’s stock valued at $20,351,000 after buying an additional 29,193 shares during the period. 62.37% of the stock is owned by hedge funds and other institutional investors.
PACCAR Company Profile
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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