Tocqueville Asset Management L.P. Acquires Shares of 64,055 PACCAR Inc. $PCAR

Tocqueville Asset Management L.P. acquired a new position in shares of PACCAR Inc. (NASDAQ:PCAR) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 64,055 shares of the company’s stock, valued at approximately $7,694,000.

A number of other hedge funds have also bought and sold shares of PCAR. Ares Financial Consulting LLC acquired a new stake in PACCAR during the fourth quarter valued at approximately $27,000. Paladin Partners LLC acquired a new position in shares of PACCAR in the 2nd quarter worth approximately $27,000. MCF Advisors LLC grew 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 worth $28,000 after acquiring an additional 92 shares in the last quarter. Steph & Co. bought a new stake in shares of PACCAR in the 1st quarter valued at approximately $29,000. Finally, Elyxium Wealth LLC bought a new stake in shares of PACCAR in the 4th quarter valued at approximately $30,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Brice J. Poplawski sold 1,970 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $132.50, for a total value of $261,025.00. Following the sale, the chief financial officer directly owned 1,391 shares in the company, valued at $184,307.50. This trade represents a 58.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paulo Henrique Bolgar sold 2,897 shares of PACCAR stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.90, for a total value of $387,908.30. Following the sale, the vice president directly owned 3,831 shares in the company, valued at $512,970.90. The trade was a 43.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 56,842 shares of company stock valued at $7,565,677. Corporate insiders own 1.99% of the company’s stock.

Key Stories Impacting PACCAR

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: Zacks Research raised earnings estimates across multiple periods. The firm lifted its 2026 EPS forecast to $5.66 from $5.34, 2027 EPS to $6.82 from $6.30, and 2028 EPS to $7.55 from $7.24. Quarterly estimates were also increased, including Q3 2026 to $1.53, Q4 2026 to $1.55, Q1 2027 to $1.51, Q2 2027 to $1.67, Q3 2027 to $1.78, Q4 2027 to $1.86, and Q1 and Q2 2028 to $1.66 and $1.86, respectively. These revisions indicate improving expectations for PACCAR’s earnings trajectory. PACCAR analyst estimate revisions
• Neutral Sentiment: The improved forecasts do not represent a change in PACCAR’s official outlook. The current-year consensus EPS estimate remains $5.85, above Zacks Research’s $5.66 forecast, so the revisions are supportive but do not necessarily signal an immediate earnings beat or a new fundamental development.
• Negative Sentiment: PCAR’s valuation leaves less room for disappointment: the stock trades at roughly 26.9 times earnings and remains near its 52-week high. With no new orders, guidance increase, or operating update in these reports, investors may be taking profits or waiting for additional evidence that the projected earnings growth will materialize.

PACCAR Stock Down 0.4%

PACCAR stock opened at $127.47 on Thursday. The company has a 50-day simple moving average of $126.00 and a 200-day simple moving average of $121.79. The firm has a market capitalization of $67.10 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.01 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12. PACCAR Inc. has a one year low of $92.25 and a one year high of $139.24.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share 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 firm had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same period last year, the firm posted $1.37 EPS. PACCAR’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts expect that PACCAR Inc. will post 5.89 earnings per share for the current year.

PACCAR Announces Dividend

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

Analysts Set New Price Targets

PCAR has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of PACCAR in a research note on Tuesday. Citigroup boosted their target price on shares of PACCAR from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. 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 note on Thursday, July 2nd. 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 report on Wednesday, July 29th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $148.00 price target on shares of PACCAR in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, PACCAR has a consensus rating of “Hold” and an average 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.