Sei Investments Co. Increases Holdings in PACCAR Inc. $PCAR

Sei Investments Co. boosted its position in PACCAR Inc. (NASDAQ:PCAR) by 7.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 134,291 shares of the company’s stock after purchasing an additional 9,410 shares during the period. Sei Investments Co.’s holdings in PACCAR were worth $15,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new stake in PACCAR during the 4th quarter valued at approximately $27,000. MCF Advisors LLC boosted its holdings 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 acquiring an additional 92 shares during the last quarter. Steph & Co. acquired a new stake in shares of PACCAR in the first quarter worth $29,000. Elyxium Wealth LLC acquired a new stake in shares of PACCAR in the fourth quarter worth $30,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of PACCAR during the third quarter worth $32,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PCAR shares. Truist Financial boosted their target price on shares of PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $148.00 price target on shares of PACCAR in a research report on Wednesday. Evercore set a $139.00 price objective on PACCAR in a research note on Monday, May 11th. Morgan Stanley set a $119.00 price objective on PACCAR in a report on Wednesday. Finally, Weiss Ratings downgraded PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, PACCAR currently has a consensus rating of “Hold” and a consensus price target of $131.70.

PACCAR Stock Performance

PCAR opened at $133.76 on Friday. The firm has a fifty day moving average price of $120.95 and a 200 day moving average price of $120.78. PACCAR Inc. has a 1 year low of $92.25 and a 1 year high of $139.24. The stock has a market cap of $70.40 billion, a P/E ratio of 28.10, a P/E/G ratio of 1.23 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.82 and a quick ratio of 2.91.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.36 by $0.07. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same quarter last year, the business earned $1.37 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. Equities research analysts anticipate that PACCAR Inc. will post 5.66 earnings per share for the current year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, August 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.0%. PACCAR’s dividend payout ratio (DPR) is 29.79%.

Key Stories Impacting PACCAR

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR’s second-quarter results exceeded expectations, with earnings per share of $1.43 versus the $1.36 consensus estimate and revenue of $7.55 billion compared with expectations of $7.05 billion. Revenue increased slightly year over year, while margin gains and record parts revenue reinforced the company’s earnings quality. Why PACCAR Is Up After Q2 Margin Gains and Record Parts Revenue
• Positive Sentiment: Management’s earnings-call commentary highlighted stable truck demand, regulatory clarity and continued strategic investments, supporting expectations for relatively resilient margins and a firm outlook. PACCAR Earnings Call Highlights Strong Momentum
• Positive Sentiment: JPMorgan raised its PACCAR price target from $155 to $164 and maintained an “overweight” rating, indicating confidence that earnings strength can support additional appreciation. JPMorgan Raises PACCAR Price Target
• Positive Sentiment: Wells Fargo increased its target from $125 to $157, while Citigroup raised its target from $125 to $140. These revisions suggest analysts see improved fundamentals, even though both firms retained neutral-style ratings. Analyst Price Target Revisions
• Neutral Sentiment: Analysts continue to assign an average “hold” rating to PACCAR. The cautious consensus, combined with Citigroup’s “neutral” and Wells Fargo’s “equal weight” ratings, indicates that valuation and the already-strong share performance remain areas of investor concern. PACCAR Receives Average Hold Rating

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.