Danske Bank A S Invests $44.68 Million in PACCAR Inc. $PCAR

Danske Bank A S bought a new position in PACCAR Inc. (NASDAQ:PCAR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 371,975 shares of the company’s stock, valued at approximately $44,682,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of PACCAR by 0.3% in the 4th 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 in the last quarter. Focus Partners Wealth increased its position in 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 in the last quarter. Treasurer of the State of North Carolina increased its position in PACCAR by 2.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company’s stock worth $22,886,000 after purchasing an additional 5,327 shares in the last quarter. Ieq Capital LLC raised its holdings in PACCAR by 11.5% in the second 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 during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in PACCAR in the second quarter valued at approximately $81,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of NASDAQ:PCAR opened at $127.47 on Thursday. The company has a market cap of $67.10 billion, a P/E ratio of 26.78, a PEG 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. The business’s 50-day simple moving average is $126.00 and its 200 day simple moving average is $121.79.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. The firm had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.PACCAR’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. On average, sell-side analysts forecast that PACCAR Inc. will post 5.89 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company 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. 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 presently 29.41%.

Insider Activity

In related news, CEO R Preston Feight sold 50,975 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.07, for a total transaction of $6,783,243.25. Following the completion of the sale, the chief executive officer directly owned 268,625 shares of the company’s stock, valued at approximately $35,745,928.75. This trade represents a 15.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brice J. Poplawski sold 1,970 shares of PACCAR stock in a transaction on Friday, July 31st. The stock was sold at an average price of $132.50, for a total transaction 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 56,842 shares of company stock valued at $7,565,677. 1.99% of the stock is currently owned by company insiders.

Key Headlines 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.

Analysts Set New Price Targets

PCAR has been the topic of a number of recent research reports. Truist Financial lifted their price target 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. Morgan Stanley set a $119.00 price objective on shares of PACCAR in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Sanford C. Bernstein restated an “outperform” rating and set a $148.00 target price on shares of PACCAR in a report on Wednesday, July 29th. Finally, Citigroup upped their price target on shares of PACCAR from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, PACCAR presently has a consensus 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.