Here's Why You Should Hold PACCAR (PCAR) Stock for Long Term
PACCAR (PCAR) has been benefiting from its strong market position, diversified revenue streams, robust financial health, commitment to advanced technologies and consistent dividend payments.
Paccar (PCAR) Falls More Steeply Than Broader Market: What Investors Need to Know
Paccar (PCAR) concluded the recent trading session at $102.94, signifying a -0.99% move from its prior day's close.
Paccar (PCAR) Ascends While Market Falls: Some Facts to Note
Paccar (PCAR) concluded the recent trading session at $106.89, signifying a +0.88% move from its prior day's close.
Paccar (PCAR) Stock Sinks As Market Gains: Here's Why
Paccar (PCAR) concluded the recent trading session at $107.70, signifying a -0.05% move from its prior day's close.
Here's Why Paccar (PCAR) Gained But Lagged the Market Today
In the latest trading session, Paccar (PCAR) closed at $106.72, marking a +0.68% move from the previous day.
Paccar (PCAR) Suffers a Larger Drop Than the General Market: Key Insights
The latest trading day saw Paccar (PCAR) settling at $109.10, representing a -0.83% change from its previous close.
Paccar (PCAR) Rises As Market Takes a Dip: Key Facts
The latest trading day saw Paccar (PCAR) settling at $105.75, representing a +0.48% change from its previous close.
Paccar: A Dividend Growth Stock Long-Term Investors Should Add To Their Watchlist
PACCAR Inc is a dividend stock worth considering for investors, with strong growth and a growing market share in the trucking industry. The company has a fortress balance sheet with no debt and an A+ credit rating, making it an attractive investment option. PACCAR also offers a well-covered dividend and has a history of paying special dividends, making it appealing to dividend investors.
Meridian Wealth Management LLC Sells 3,300 Shares of PACCAR Inc (NASDAQ:PCAR)
Meridian Wealth Management LLC trimmed its holdings in shares of PACCAR Inc (NASDAQ:PCAR – Free Report) by 49.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,368 shares of the company’s stock after selling 3,300 shares during the quarter. Meridian Wealth Management LLC’s holdings in PACCAR were worth $329,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PCAR. Raymond James Financial Services Advisors Inc. raised its holdings in PACCAR by 18.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 107,018 shares of the company’s stock valued at $10,450,000 after acquiring an additional 16,360 shares during the period. abrdn plc boosted its stake in PACCAR by 50.9% in the 4th quarter. abrdn plc now owns 264,756 shares of the company’s stock worth $25,853,000 after purchasing an additional 89,359 shares during the period. Aigen Investment Management LP purchased a new stake in PACCAR during the 3rd quarter valued at approximately $319,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of PACCAR by 42.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 558,909 shares of the company’s stock valued at $47,518,000 after acquiring an additional 166,628 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in PACCAR by 29.6% during the fourth quarter. Pacer Advisors Inc. now owns 71,727 shares of the company’s stock valued at $7,004,000 after purchasing an additional 16,390 shares during the period. 64.90% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at PACCAR In other PACCAR news, VP Michael K. Walton sold 9,123 shares of PACCAR stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.11, for a total transaction of $958,918.53. Following the sale, the vice president now owns 1,468 shares of the company’s stock, valued at approximately $154,301.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other PACCAR news, VP Brice J. Poplawski sold 2,067 shares of PACCAR stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $109.40, for a total transaction of $226,129.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael K. Walton sold 9,123 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.11, for a total value of $958,918.53. Following the sale, the vice president now directly owns 1,468 shares of the company’s stock, valued at approximately $154,301.48. The disclosure for this sale can be found here. Insiders sold 45,040 shares of company stock valued at $4,779,241 over the last quarter. 2.02% of the stock is currently owned by insiders. Wall Street Analysts Forecast Growth PCAR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on PACCAR from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. The Goldman Sachs Group raised their price target on shares of PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. UBS Group raised shares of PACCAR from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $104.00 to $136.00 in a research report on Friday, March 15th. TD Cowen raised their target price on shares of PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Finally, Evercore ISI increased their price objective on PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.62. Get Our Latest Analysis on PACCAR PACCAR Trading Up 0.1 % Shares of NASDAQ:PCAR opened at $106.00 on Monday. The company has a market capitalization of $55.56 billion, a PE ratio of 11.00, a PEG ratio of 1.64 and a beta of 0.96. PACCAR Inc has a 12-month low of $68.40 and a 12-month high of $125.50. The business has a 50 day moving average of $115.26 and a two-hundred day moving average of $104.48. The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.54. PACCAR (NASDAQ:PCAR – Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The firm had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same period last year, the firm earned $2.25 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, analysts forecast that PACCAR Inc will post 8.26 EPS for the current year. PACCAR Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. This is a positive change from PACCAR’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, May 14th. PACCAR’s payout ratio is 12.45%. PACCAR Company Profile (Free Report) PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.
Dividend Watch: 3 Companies Boosting Payouts
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