PACCAR (NASDAQ:PCAR) Price Target Raised to $126.00 at Truist Financial

PACCAR (NASDAQ:PCAR) had its target price raised by Truist Financial from $120.00 to $126.00 in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

A number of other research firms have also issued reports on PCAR. Wall Street Zen upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Wells Fargo & Company set a $125.00 target price on shares of PACCAR and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Citigroup increased their target price on shares of PACCAR from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $118.25.

PACCAR Stock Performance

Shares of PCAR stock opened at $118.14 on Wednesday. The firm’s 50 day moving average price is $121.04 and its 200-day moving average price is $114.19. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. PACCAR has a one year low of $86.60 and a one year high of $131.88. The firm has a market cap of $62.17 billion, a P/E ratio of 26.20, a P/E/G ratio of 1.06 and a beta of 1.06.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the business posted $1.46 EPS. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. As a group, equities research analysts predict that PACCAR will post 5.55 EPS for the current year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.35 per share. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. PACCAR’s dividend payout ratio (DPR) is currently 28.09%.

Insider Buying and Selling

In other PACCAR news, CFO Brice J. Poplawski sold 2,200 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $130.41, for a total value of $286,902.00. Following the sale, the chief financial officer directly owned 903 shares of the company’s stock, valued at approximately $117,760.23. This represents a 70.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Paulo Henrique Bolgar sold 12,183 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the completion of the sale, the vice president directly owned 6,274 shares in the company, valued at approximately $768,125.82. This represents a 66.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 133,105 shares of company stock worth $16,869,046. Corporate insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On PACCAR

Large investors have recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new stake in shares of PACCAR in the 4th quarter valued at approximately $27,000. Steph & Co. purchased a new stake in shares of PACCAR in the 1st quarter valued at approximately $29,000. MCF Advisors LLC increased its position in shares of PACCAR by 57.5% in the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 92 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of PACCAR in the 4th quarter valued at approximately $30,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of PACCAR in the 4th quarter valued at approximately $33,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

Key PACCAR News

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR raised its quarterly dividend to $0.35 (6.1% increase; ~1.2% yield), a shareholder?friendly move that supports income investors and signals confidence in cash flow. PACCAR Increases Regular Quarterly Dividend
• Positive Sentiment: Q1 operational highlight: PACCAR beat EPS expectations ($1.15 vs $1.13) and reported stronger parts and Financial Services profits, which helped offset weaker truck volumes. This supports near?term earnings resilience. PCAR Q1 Earnings Surpass Estimates on Higher Parts Profit
• Neutral Sentiment: Truist nudged its price target up to $126 (from $120) and kept a “hold” rating — modestly supportive but not a strong buy signal. Analyst Note: Truist Raises Target
• Negative Sentiment: JPMorgan lowered its price target to $140 from $150 while keeping an “overweight” rating; the cut reduces upside expectations and likely contributed to negative sentiment. JPMorgan Lowers Target
• Negative Sentiment: Topline worries: revenue was down ~9.8% year?over?year and several reports noted tepid demand for new trucks — the softer industry backdrop is the main operational risk investors are reacting to. PACCAR’s revenue falls on tepid demand for new trucks
• Negative Sentiment: Market reaction/coverage highlights: outlets flagged a sharp intraday drop and investor concern after the report and call transcripts emphasized weaker truck volumes despite parts strength. That narrative amplified selling. Why PACCAR shares are plunging today

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.