PACCAR Inc. (PCAR) Shares Bought by Employees Retirement System of Texas

If the published price targets set by PACCAR Inc analysts have any power to influence the stock's share price, the highest price target set for PCAR is $85.

PACCAR Inc (PCAR) opened the session with a $75 price tag, later ranging from $74.54 to $75.68, the range at which the stock has traded at throughout the day. MD now owns 1,006,172 shares of the company's stock worth $59,143,000 after buying an additional 99,580 shares during the last quarter. Royal Bank of Canada owned about 0.06% of PACCAR worth $13,273,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PCAR. IFP Advisors Inc grew its position in shares of PACCAR by 91.1% during the 2nd quarter. With the constructive P/E value of PACCAR Inc, the investors are able to forecast the positive earnings growth of the company.

The P/E of PACCAR Inc is now valued at 20.02 allowing its investors to analyze the company's stock valuation and its shares relative to the income of the company that it makes. MD boosted its position in shares of Paccar by 11.0% in the third quarter. Vanguard Group Inc. increased its stake in PACCAR by 5.0% during the 2nd quarter.

The company's consensus rating on Reuter's scale remained unchanged from 3.18 to 3.18 during a month. Finally, Davis Selected Advisers boosted its position in PACCAR by 0.4% during the second quarter. The consensus rating is 2.2, suggesting the market has given up on the stock. Institutional investors and hedge funds own 62.13% of the company's stock.

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Employees Retirement System of Texas raised its holdings in PACCAR Inc.

A number of brokerages have issued reports on PCAR.

Analysts on average have given a price target of $76 to PACCAR Inc. Stifel Nicolaus reissued a "buy" rating and set a $72.00 target price (up previously from $64.00) on shares of PACCAR in a report on Wednesday, July 26th. BidaskClub upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company's stock. They now have a $47.00 price objective on the stock, down from their previous price objective of $58.00. PACCAR has a 12 month low of $53.38 and a 12 month high of $75.68. The company has a 50-day moving average of $71.47 and a 200-day moving average of $67.06.

Paccar (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 25th.

As the earnings date approaches, we can see that insider ownership is now 1.40% shares, and institutional ownership is at 64.30% for PACCAR Inc (NASDAQ:PCAR) stock. Revenue during the quarter was $4.4 billion, representing 7% growth from $4.12 billion in year-ago quarter. For the quarter ending Mar-18, 5 analysts have a mean sales target of 4,517.09 million whilst for the year ending Dec-17, 15 analysts have a mean target of 17,332.90 million.

They expect $1.09 EPS, up 10.09% or $0.11 from last year's $0.98 per share. The current market cap of PACCAR Inc exhibits the basic determinant of asset allocation and risk-return parameters for its stocks.

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