PACCAR Inc (NASDAQ: PCAR) stock jumped 0.82% on Thursday to $71.02 against a previous-day closing price of $70.44. With 2.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.03 million shares. During the session, the Farm & Heavy Construction Machinery company that operates in wider Industrials sector, reached to the highest price of $71.10 whereas the lowest price it dropped to was $69.80. The 52-week range on PCAR shows that it touched its highest point at $76.71 and its lowest point at $49.93 during that stretch. It currently has a 1-year price target of $81.37. With its current market cap of 37.04 billion, PCAR has annualized dividend of $1.00 while the current yield stands at 1.41%. Beta for the stock currently stands at 0.92.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PCAR was down-trending over the past week, with a drop of -0.82%, but this was down by -2.85% over a month. Three-month performance dropped to -1.77% while six-month performance rose 3.30%. The stock gained 33.16% in the past year, while it has gained 7.64% so far this year. A look at the trailing 12-month EPS for PCAR yields 5.42 with Next year EPS estimates of 6.42. For the next quarter, that number is 2.17. This implies an EPS growth rate of 61.20% for this year and -18.51% for next year. EPS is expected to decline by -10.68% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.20%.
Float and Shares Shorts:
At present, 785.25 million PCAR shares are outstanding with a float of 515.79 million shares on hand for trading. On May 14, 2023, short shares totaled 8.41 million, which was 1.61% higher than short shares on Apr 13, 2023. In addition to Mr. R. Preston Feight as the firm’s CEO & Director, Mr. Harrie C. A. M. Schippers serves as its Pres & CFO.
Institutional Ownership:
Through their ownership of 69.90% of PCAR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.95% of PCAR, in contrast to 39.24% held by mutual funds. Shares owned by individuals account for 30.12%. As the largest shareholder in PCAR with 11.43% of the stake, The Vanguard Group, Inc. holds 59,713,117 shares worth 59,713,117. A second-largest stockholder of PCAR, BlackRock Fund Advisors, holds 25,328,666 shares, controlling over 4.85% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in PCAR, holding 21,345,321 shares or 4.09% stake. With a 3.11% stake in PCAR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 16,233,860 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.35% of PCAR stock, is the second-largest Mutual Fund holder. It holds 12,251,991 shares valued at 915.1 million. Vanguard Mid Cap Index Fund holds 2.33% of the stake in PCAR, owning 12,194,867 shares worth 910.83 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PCAR reported revenue of $7.16B and operating income of $894.30M. The EBITDA in the recently reported quarter was $1.09B and diluted EPS was $1.38.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PCAR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PCAR analysts setting a high price target of $103.00 and a low target of $73.00, the average target price over the next 12 months is $81.14. Based on these targets, PCAR could surge 45.03% to reach the target high and rise by 2.79% to reach the target low. Reaching the average price target will result in a growth of 14.25% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, PCAR has a current ratio of $1.0, which is $1.0 over the trailing 12-months, while a dividend of $0.84 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PCAR currently yields $1.37. In the past year, PCAR’s dividend yield has been $1.37, but when looking at the stock over the past five years, its yield has been $1.58. Accordingly, PCAR has a current buyback yield of $0.01. This was $0.01 for the TTM, and it was $0.41 for the past five years.
Summary of Insider Activity:
Insiders traded PCAR stock several times over the past three months with 22 Buys and 13 Sells. In these transactions, 76,592 shares were bought while 59,668 shares were sold. The number of buy transactions has increased to 75 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 361,713 while 273,578 shares were sold.
