Edgestream Partners L.P. Raises Stock Holdings in PACCAR Inc. $PCAR

Edgestream Partners L.P. raised its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 839.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 35,174 shares of the company’s stock after acquiring an additional 31,431 shares during the period. Edgestream Partners L.P.’s holdings in PACCAR were worth $4,063,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of PACCAR in the fourth quarter worth approximately $727,745,000. Wellington Management Group LLP lifted its position in PACCAR by 18.6% during the fourth quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock valued at $2,516,272,000 after purchasing an additional 3,597,283 shares during the period. UBS Group AG lifted its position in PACCAR by 74.4% during the fourth quarter. UBS Group AG now owns 4,548,861 shares of the company’s stock valued at $498,146,000 after purchasing an additional 1,940,260 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in PACCAR by 129.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,275,921 shares of the company’s stock worth $249,237,000 after purchasing an additional 1,286,056 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in PACCAR by 17,292.6% in the fourth quarter. Focus Partners Wealth now owns 1,202,700 shares of the company’s stock worth $131,725,000 after purchasing an additional 1,195,785 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Trending Headlines about PACCAR

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 Stock Performance

Shares of NASDAQ PCAR opened at $132.68 on Friday. PACCAR Inc. has a 12-month low of $92.25 and a 12-month high of $139.24. The firm has a market capitalization of $69.84 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $121.41 and a 200 day moving average of $120.87.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. The business had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.05 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. On average, research analysts anticipate that PACCAR Inc. will post 5.78 earnings per share for the current year.

PACCAR Announces Dividend

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

Wall Street Analyst Weigh In

PCAR has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of PACCAR from $125.00 to $157.00 and gave the company an “equal weight” rating in a research note on Thursday. Evercore set a $139.00 price target on PACCAR in a research note on Monday, May 11th. Weiss Ratings lowered PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Truist Financial upped their price objective on PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $148.00 target price on shares of PACCAR in a report on Wednesday. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $131.70.

PACCAR Company 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.