Several brokerages have updated their recommendations and price targets on shares of PACCAR (NASDAQ: PCAR) in the last few weeks:

  • 1/11/2019 – PACCAR was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “PACCAR’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy through regular dividend payments and share buyback programs. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. However, declining used truck prices due to excess supply pose a concern for PACCAR. Also, rising commodity prices puts pressure in the company’s profit. Over the past three months, shares of the company have underperformed the industry it belongs to.”
  • 1/10/2019 – PACCAR was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $54.00 price target on the stock.
  • 1/10/2019 – PACCAR was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/7/2019 – PACCAR was downgraded by analysts at Vertical Research from a “hold” rating to a “sell” rating.
  • 12/31/2018 – PACCAR had its “hold” rating reaffirmed by analysts at Mizuho.
  • 12/31/2018 – PACCAR had its “buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $61.00 price target on the stock. According to Zacks, “PACCAR’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy through regular dividend payments and share buyback programs. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. However, declining used truck prices pose a concern for PACCAR. The company also faces tough competition in the commercial trucks market. The company's shares have underperformed the industry it belongs to over the past three months.”
  • 12/25/2018 – PACCAR was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/21/2018 – PACCAR was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/11/2018 – PACCAR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PACCAR’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy through regular dividend payments and share buyback programs. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. However, declining used truck prices pose a concern for PACCAR. The company also faces tough competition in the commercial trucks market. The company's shares have underperformed the industry it belongs to over the past three months.”
  • 12/5/2018 – PACCAR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PACCAR’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses.However, declining used truck prices pose a concern for PACCAR. The company also faces tough competition in the commercial trucks market. The company's shares have  underperformed the industry it belongs to over the past three months.”
  • 12/3/2018 – PACCAR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “PACCAR’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses.”
  • 11/28/2018 – PACCAR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In third-quarter 2018, the PACCAR’s earnings per share beat the Zacks Consensus Estimate. Also, the figure improved year over year. The company’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. However, rise in commodity prices and tough competition in the commercial truck market is concerns for the company. Also, the company’s shares have underperformed the industry it belongs to over the past three months.”
  • 11/27/2018 – PACCAR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $68.00 price target on the stock. According to Zacks, “In third-quarter 2018, the PACCAR’s earnings per share beat the Zacks Consensus Estimate. Also, the figure improved year over year. The company’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. However, rise in commodity prices and tough competition in the commercial truck market is concerns for the company. Also, the company’s shares have underperformed the industry it belongs to over the past three months.”
  • 11/22/2018 – PACCAR was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/20/2018 – PACCAR was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In third-quarter 2018, the PACCAR’s earnings per share beat the Zacks Consensus Estimate. Also, the figure improved year over year. The company’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. However, rise in commodity prices and tough competition in the commercial truck market is concerns for the company. Also, the company’s shares have underperformed the industry it belongs to over the past three months.”
  • 11/15/2018 – PACCAR was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “The Zacks Consensus Estimate for PACCAR’s quarterly and yearly earnings have been rising. In third-quarter 2018, the company’s earnings per share beat the Zacks Consensus Estimate. Also, it improved year over year. The company’s class 8 truck retail sales are rising primarily due to a robust economy and strong freight demand, which is expected to drive its financials. Increasing profits and positive cash flow has enabled the company to pursue an active capital deployment policy. Also, it is well-positioned in its key markets on the back of its strong cash flow, enabling it to undertake capital investments and research and development expenses. However, rise in commodity prices and tough competition in the commercial truck market is concerns for the company.”

PACCAR stock opened at $59.44 on Monday. The company has a quick ratio of 2.44, a current ratio of 2.63 and a debt-to-equity ratio of 0.72. The stock has a market cap of $20.55 billion, a PE ratio of 13.95, a PEG ratio of 0.87 and a beta of 1.26. PACCAR Inc has a 1-year low of $53.43 and a 1-year high of $79.69.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, October 23rd. The company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.04. The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.50 billion. PACCAR had a net margin of 9.73% and a return on equity of 23.52%. PACCAR’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. Sell-side analysts predict that PACCAR Inc will post 6.16 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Friday, January 4th. Stockholders of record on Friday, December 14th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Thursday, December 13th. PACCAR’s dividend payout ratio is currently 26.29%.

In related news, VP Douglas S. Grandstaff sold 607 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $59.67, for a total transaction of $36,219.69. Following the completion of the sale, the vice president now owns 5,284 shares of the company’s stock, valued at $315,296.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark C. Pigott sold 194,004 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $58.84, for a total transaction of $11,415,195.36. Following the sale, the insider now directly owns 3,080,449 shares of the company’s stock, valued at approximately $181,253,619.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 195,262 shares of company stock valued at $11,490,110. 2.64% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in PCAR. Bank of New York Mellon Corp boosted its holdings in PACCAR by 33.3% in the third quarter. Bank of New York Mellon Corp now owns 6,026,604 shares of the company’s stock worth $410,954,000 after purchasing an additional 1,505,929 shares during the last quarter. FMR LLC boosted its holdings in PACCAR by 26.1% in the third quarter. FMR LLC now owns 6,043,716 shares of the company’s stock worth $412,121,000 after purchasing an additional 1,249,446 shares during the last quarter. Schroder Investment Management Group boosted its holdings in PACCAR by 934.2% in the second quarter. Schroder Investment Management Group now owns 869,356 shares of the company’s stock worth $53,935,000 after purchasing an additional 785,295 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in PACCAR by 75.1% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,780,223 shares of the company’s stock worth $121,393,000 after purchasing an additional 763,338 shares during the last quarter. Finally, Man Group plc boosted its holdings in PACCAR by 2,061.7% in the third quarter. Man Group plc now owns 391,586 shares of the company’s stock worth $26,703,000 after purchasing an additional 373,471 shares during the last quarter. 60.55% of the stock is owned by institutional investors.

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

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