Pictet Asset Management Holding SA Raises Stock Position in PACCAR Inc. $PCAR

Pictet Asset Management Holding SA boosted its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 249,955 shares of the company’s stock after purchasing an additional 10,735 shares during the period. Pictet Asset Management Holding SA’s holdings in PACCAR were worth $27,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in shares of PACCAR by 0.3% in the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after purchasing an additional 290 shares during the period. Focus Partners Wealth raised its position in shares of PACCAR by 15.4% during the 1st quarter. Focus Partners Wealth now owns 13,604 shares of the company’s stock worth $1,324,000 after purchasing an additional 1,812 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in PACCAR by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company’s stock valued at $22,886,000 after buying an additional 5,327 shares in the last quarter. Ieq Capital LLC lifted its stake in PACCAR by 11.5% in the 2nd quarter. Ieq Capital LLC now owns 37,404 shares of the company’s stock valued at $3,556,000 after buying an additional 3,858 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in PACCAR in the 2nd quarter worth about $81,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Wells Fargo & Company set a $125.00 price objective on PACCAR and gave the company an “equal weight” rating in a research note on Wednesday. BNP Paribas Exane initiated coverage on PACCAR in a report on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 price objective on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $117.83.

Insider Transactions at PACCAR

In related news, EVP C Michael Dozier sold 79,076 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $127.92, for a total transaction of $10,115,401.92. Following the transaction, the executive vice president owned 34,656 shares of the company’s stock, valued at approximately $4,433,195.52. This represents a 69.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brice J. Poplawski sold 2,200 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $130.41, for a total value of $286,902.00. Following the transaction, the chief financial officer directly owned 903 shares in the company, valued at approximately $117,760.23. The trade was a 70.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 111,664 shares of company stock valued at $14,244,394. Corporate insiders own 1.99% of the company’s stock.

PACCAR Price Performance

Shares of PCAR opened at $118.80 on Friday. The firm has a 50-day simple moving average of $120.92 and a two-hundred day simple moving average of $114.22. The stock has a market cap of $62.52 billion, a PE ratio of 25.28, a P/E/G ratio of 0.99 and a beta of 1.06. PACCAR Inc. has a 1-year low of $88.35 and a 1-year high of $131.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.79 and a quick ratio of 2.79.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, hitting the consensus estimate of $1.15. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.44 billion. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. As a group, analysts forecast that PACCAR Inc. will post 5.56 EPS for the current year.

PACCAR Increases Dividend

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

PACCAR News Roundup

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR reported Q1 results that topped consensus (EPS beat, revenue beat) and management emphasized margin-driven upside—this supports near-term profit improvement expectations for the truck cycle. Read More.
• Positive Sentiment: Company commentary and the earnings presentation reinforce that margins (not just volumes) can drive earnings recovery, which investors often reward more quickly than slow volume rebounds. Read More.
• Positive Sentiment: PACCAR raised its quarterly dividend to $0.35 (6.1% increase), signaling confidence in free cash flow and supporting income-oriented investor demand for the shares.
• Positive Sentiment: Truist nudged its price target up to $126 (maintained a Hold), which is a modest endorsement of the company’s near-term prospects and may temper downside risk. Read More.
• Neutral Sentiment: Industry supplier LKQ reported a mix of revenue beats but margin pressure from tariffs, costs and softer claims demand—this highlights potential aftermarket/parts-cost risks that could flow through to truck OEM margins, an indirect factor for PACCAR. Read More.
• Negative Sentiment: JPMorgan cut its PCAR price target from $150 to $140 despite keeping an Overweight rating — a lower target can weigh on sentiment even though the bank still sees upside vs. current levels. Read More.

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.