PCAR stock icon

PACCAR
PCAR

$106.48
0.38%
 

About: Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands about 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.

Employees: 32,400

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 14 analysts
0
News positive %
of 8 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

64% more first-time investments, than exits

New positions opened: 141 | Existing positions closed: 86

40% more funds holding in top 10

Funds holding in top 10: 15 [Q4 2023] → 21 (+6) [Q1 2024]

26% more capital invested

Capital invested by funds: $33.3B [Q4 2023] → $41.9B (+$8.61B) [Q1 2024]

15% more call options, than puts

Call options by funds: $236M | Put options by funds: $204M

6% more funds holding

Funds holding: 920 [Q4 2023] → 975 (+55) [Q1 2024]

4% more repeat investments, than reductions

Existing positions increased: 362 | Existing positions reduced: 348

0.35% less ownership

Funds ownership: 65.02% [Q4 2023] → 64.67% (-0.35%) [Q1 2024]

Research analyst outlook

14 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$97
9%
downside
Avg. target
$119
12%
upside
High target
$140
31%
upside

14 analyst ratings

positive
43%
neutral
57%
negative
0%
Truist Securities
Jamie Cook
14%upside
$121
Hold
Reiterated
2 May 2024
JP Morgan
Tami Zakaria
22%upside
$130
Overweight
Maintained
1 May 2024
Goldman Sachs
Jerry Revich
14%upside
$121
Neutral
Maintained
16 Apr 2024
JP Morgan
Tami Zakaria
31%upside
$140
Overweight
Maintained
15 Apr 2024
RBC Capital
Nick Housden
16%upside
$123
Sector Perform
Initiated
26 Mar 2024

Financial journalist opinion

Based on 8 articles about PCAR published over the past 30 days