Stifel Nicolaus set a $69.00 price objective on PACCAR (NASDAQ:PCAR) in a report released on Sunday. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Piper Jaffray Companies set a $67.00 price objective on shares of PACCAR and gave the stock a hold rating in a research report on Sunday, December 10th. Bank of America raised shares of PACCAR from a neutral rating to a buy rating and set a $70.00 target price for the company in a report on Tuesday, January 2nd. ValuEngine cut shares of PACCAR from a buy rating to a hold rating in a report on Friday, November 17th. Zacks Investment Research cut shares of PACCAR from a buy rating to a hold rating in a report on Monday, December 11th. Finally, BidaskClub raised shares of PACCAR from a hold rating to a buy rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. PACCAR currently has a consensus rating of Hold and a consensus target price of $76.26.

Shares of PACCAR (NASDAQ PCAR) opened at $68.14 on Friday. PACCAR has a 52-week low of $61.93 and a 52-week high of $79.69. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 1.08. The firm has a market cap of $23,960.00, a PE ratio of 14.35, a P/E/G ratio of 1.29 and a beta of 1.22.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. PACCAR’s revenue was up 36.0% compared to the same quarter last year. analysts expect that PACCAR will post 5.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.47%. PACCAR’s dividend payout ratio (DPR) is presently 21.05%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Koch Industries Inc. bought a new position in PACCAR in the 2nd quarter valued at approximately $213,000. Shell Asset Management Co. raised its holdings in PACCAR by 237.7% in the 3rd quarter. Shell Asset Management Co. now owns 74,902 shares of the company’s stock valued at $4,260,000 after buying an additional 52,722 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in PACCAR by 18.3% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,664 shares of the company’s stock valued at $4,316,000 after buying an additional 9,219 shares during the last quarter. 361 Capital LLC bought a new position in PACCAR in the 3rd quarter valued at approximately $919,000. Finally, Cubist Systematic Strategies LLC raised its holdings in PACCAR by 195.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 15,946 shares of the company’s stock valued at $1,154,000 after buying an additional 10,546 shares during the last quarter. Institutional investors and hedge funds own 62.97% of the company’s stock.

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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.

Analyst Recommendations for PACCAR (NASDAQ:PCAR)

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