PCAR has been the topic of several other reports. ValuEngine lowered PACCAR from a hold rating to a sell rating in a research report on Thursday, January 10th. Vertical Research lowered PACCAR from a hold rating to a sell rating in a research report on Monday, January 7th. Zacks Investment Research reiterated a buy rating and set a $61.00 price objective on shares of PACCAR in a research report on Monday, December 31st. JPMorgan Chase & Co. lowered PACCAR from a neutral rating to an underweight rating and set a $54.00 price objective on the stock. in a research report on Thursday, January 10th. Finally, Piper Jaffray Companies increased their price objective on PACCAR to $75.00 and gave the company an overweight rating in a research report on Tuesday, February 5th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. PACCAR currently has a consensus rating of Hold and an average price target of $67.73.
Shares of PACCAR stock opened at $71.44 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.18 and a current ratio of 2.33. The stock has a market cap of $24.77 billion, a PE ratio of 11.45, a PEG ratio of 1.32 and a beta of 1.24. PACCAR has a 12 month low of $53.43 and a 12 month high of $72.89.
In related news, VP David J. Danforth sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $64.99, for a total transaction of $97,485.00. Following the transaction, the vice president now directly owns 6,571 shares in the company, valued at approximately $427,049.29. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Darrin C. Siver sold 8,088 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $68.81, for a total value of $556,535.28. Following the transaction, the senior vice president now owns 24,335 shares in the company, valued at $1,674,491.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,989 shares of company stock worth $4,160,345. 2.32% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio grew its position in PACCAR by 11.9% during the 1st quarter. Strs Ohio now owns 10,672 shares of the company’s stock worth $727,000 after acquiring an additional 1,137 shares during the last quarter. WESPAC Advisors LLC bought a new stake in shares of PACCAR in the 1st quarter worth approximately $2,604,000. Mycio Wealth Partners LLC grew its position in shares of PACCAR by 98.2% in the 1st quarter. Mycio Wealth Partners LLC now owns 44,186 shares of the company’s stock worth $3,011,000 after buying an additional 21,893 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of PACCAR in the 1st quarter worth approximately $1,880,000. Finally, Gulf International Bank UK Ltd grew its position in shares of PACCAR by 8.7% in the 1st quarter. Gulf International Bank UK Ltd now owns 86,172 shares of the company’s stock worth $5,871,000 after buying an additional 6,880 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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