Pacer Advisors Inc. Sells 139,819 Shares of PACCAR Inc. $PCAR

Pacer Advisors Inc. decreased its stake in PACCAR Inc. (NASDAQ:PCAR) by 8.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,586,300 shares of the company’s stock after selling 139,819 shares during the period. Pacer Advisors Inc.’s holdings in PACCAR were worth $183,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PCAR. Glenmede Trust Co. NA raised its holdings in PACCAR by 4.3% during the 1st quarter. Glenmede Trust Co. NA now owns 14,065 shares of the company’s stock worth $1,625,000 after purchasing an additional 583 shares during the last quarter. Western Wealth Management LLC bought a new stake in PACCAR during the first quarter valued at $141,000. Edgestream Partners L.P. lifted its stake in shares of PACCAR by 839.7% in the 1st quarter. Edgestream Partners L.P. now owns 35,174 shares of the company’s stock valued at $4,063,000 after purchasing an additional 31,431 shares during the period. Bull Harbor Capital LLC bought a new stake in shares of PACCAR during the 1st quarter valued at about $234,000. Finally, Amundi grew its stake in PACCAR by 42.1% during the first quarter. Amundi now owns 1,531,814 shares of the company’s stock worth $176,924,000 after purchasing an additional 454,006 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR News Summary

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: JPMorgan raised its price target to $164, signaling confidence that PACCAR’s earnings outlook supports additional appreciation. JPMorgan Chase & Co. Increases PACCAR Price Target to $164.00
• Positive Sentiment: Recent Q2 coverage highlighted margin gains and record parts revenue, which strengthen the company’s profitability story and helped drive the previous session’s rally. Why PACCAR Is Up After Q2 Margin Gains and Record Parts Revenue
• Positive Sentiment: Wells Fargo lifted its price target from $125 to $157 while retaining an Equal Weight rating, suggesting analysts see meaningful value even without an outright bullish recommendation. Wells Fargo Raises PACCAR Price Target
• Positive Sentiment: Comparative Zacks coverage is evaluating PACCAR favorably against automotive and truck-sector alternatives, including Tesla and Yamaha Motor, which may support investor interest in PCAR as a value-oriented industrial stock. PCAR vs. TSLA: Which Stock Should Value Investors Buy Now?
• Neutral Sentiment: Citigroup raised its target from $125 to $140 but kept a Neutral rating, while the broader analyst consensus remains Hold. This reflects improved expectations but limited conviction at current levels. Citigroup Issues Positive Forecast for PACCAR
• Negative Sentiment: With PCAR trading near its 12-month high and at roughly 28 times earnings, some investors may be taking profits or questioning whether the strong Q2-related gains are already reflected in the stock.

PACCAR Price Performance

Shares of PCAR opened at $132.68 on Monday. The stock has a market cap of $69.84 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.06 and a beta of 0.97. The business’s fifty day moving average is $121.41 and its 200 day moving average is $120.88. PACCAR Inc. has a 12-month low of $92.25 and a 12-month high of $139.24. The company has a quick ratio of 2.90, a current ratio of 3.12 and a debt-to-equity ratio of 0.49.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 EPS. Sell-side analysts anticipate that PACCAR Inc. will post 5.78 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.1%. PACCAR’s dividend payout ratio is currently 29.41%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PCAR. Morgan Stanley set a $119.00 price target on PACCAR in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of PACCAR from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $148.00 price target on shares of PACCAR in a report on Wednesday. Truist Financial lifted their price target on shares of PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Finally, Evercore set a $139.00 price objective on shares of PACCAR in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, PACCAR currently has an average rating of “Hold” and a consensus target price of $131.70.

PACCAR Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.