PACCAR (NASDAQ:PCAR) Hits New 12-Month High After Analyst Upgrade

PACCAR Inc. (NASDAQ:PCAR) hit a new 52-week high during mid-day trading on Wednesday after Truist Financial raised their price target on the stock from $108.00 to $120.00. Truist Financial currently has a hold rating on the stock. PACCAR traded as high as $124.68 and last traded at $123.9560, with a volume of 912075 shares traded. The stock had previously closed at $120.81.

PCAR has been the subject of a number of other reports. Wall Street Zen cut PACCAR from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Morgan Stanley boosted their target price on shares of PACCAR from $93.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Zacks Research upgraded shares of PACCAR from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Sanford C. Bernstein reiterated an “outperform” rating and set a $125.00 price objective on shares of PACCAR in a research note on Friday, December 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of PACCAR from $133.00 to $142.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, PACCAR presently has an average rating of “Hold” and a consensus target price of $115.50.

More PACCAR News

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: Management guided to 4%–8% annual parts-sales growth and said tariff clarity should help margins and market share, which supports services/aftermarket revenue resilience. Paccar forecasts parts growth
• Neutral Sentiment: Earnings per share of $1.06 matched analyst expectations, meaning there was no EPS surprise to drive a rally or crash; management hosted the Q4 call and transcripts are available for details. Earnings call transcript
• Negative Sentiment: Revenue missed materially: $4.61B reported vs. ~$6.06B consensus, a 15.1% year-over-year decline — a primary reason investors moved to sell. MarketBeat revenue report
• Negative Sentiment: EPS fell from $1.66 one year ago to $1.06 this quarter, signaling margin/volume pressure versus last year and contributing to bearish sentiment. Sales below estimates
• Negative Sentiment: Market commentary and screens highlighted PCAR’s underperformance versus peers and covered reasons for the stock drop (industry demand softness, revenue miss). Underperformance note
• Negative Sentiment: Analyst and media write-ups explain why the stock pulled back after the release — the headline EPS tie wasn’t enough to offset the revenue shortfall and weakening comparative earnings. Why Paccar stock dropped

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of PACCAR by 20.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 414,576 shares of the company’s stock valued at $46,057,000 after buying an additional 69,928 shares during the last quarter. Optas LLC grew its stake in PACCAR by 6.5% during the 4th quarter. Optas LLC now owns 2,601 shares of the company’s stock valued at $285,000 after purchasing an additional 158 shares during the last quarter. Highview Capital Management LLC DE purchased a new stake in PACCAR during the 4th quarter valued at about $1,724,000. Lakeside Advisors INC. increased its holdings in shares of PACCAR by 0.3% in the fourth quarter. Lakeside Advisors INC. now owns 34,053 shares of the company’s stock valued at $3,729,000 after purchasing an additional 92 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of PACCAR by 22.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 270,158 shares of the company’s stock worth $29,585,000 after purchasing an additional 49,725 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

The stock has a fifty day moving average of $112.41 and a 200 day moving average of $103.22. The stock has a market cap of $65.08 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 14.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.12 and a quick ratio of 2.91.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The company had revenue of $4.61 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period last year, the firm posted $1.66 EPS. PACCAR’s revenue for the quarter was down 15.1% compared to the same quarter last year. On average, analysts expect that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, February 11th. PACCAR’s dividend payout ratio (DPR) is 25.83%.

About PACCAR

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.