Madison Asset Management LLC Makes New Investment in PACCAR Inc. $PCAR

Madison Asset Management LLC purchased a new position in shares of PACCAR Inc. (NASDAQ:PCAR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,478,618 shares of the company’s stock, valued at approximately $177,612,000. PACCAR comprises approximately 2.1% of Madison Asset Management LLC’s portfolio, making the stock its 5th biggest holding.

A number of other hedge funds have also recently modified their holdings of the business. Ares Financial Consulting LLC purchased a new position in PACCAR during the fourth quarter valued at $27,000. Paladin Partners LLC bought a new stake in PACCAR during the second quarter valued at about $27,000. MCF Advisors LLC increased its position in PACCAR by 57.5% in the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock worth $28,000 after buying an additional 92 shares in the last quarter. Steph & Co. bought a new position in shares of PACCAR in the first quarter worth about $29,000. Finally, Elyxium Wealth LLC bought a new position in shares of PACCAR in the fourth quarter worth about $30,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

Shares of PACCAR stock opened at $127.47 on Thursday. The stock has a 50 day moving average of $126.00 and a 200 day moving average of $121.79. PACCAR Inc. has a 12 month low of $92.25 and a 12 month high of $139.24. The firm has a market cap of $67.10 billion, a PE ratio of 26.78, a PEG ratio of 1.01 and a beta of 0.97. The company has a current ratio of 3.12, a quick ratio of 2.90 and a debt-to-equity ratio of 0.49.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results 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 return on equity of 12.73% and a net margin of 9.00%.The business had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter last year, the business posted $1.37 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts expect that PACCAR Inc. will post 5.89 EPS 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 is Wednesday, August 12th. PACCAR’s dividend payout ratio is currently 29.41%.

Insider Buying and Selling at PACCAR

In related news, VP William Lance Walters sold 1,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.50, for a total value of $133,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brice J. Poplawski sold 1,970 shares of the business’s 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 completion of the sale, the chief financial officer owned 1,391 shares in the company, valued at $184,307.50. This represents a 58.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 56,842 shares of company stock valued at $7,565,677. 1.99% of the stock is owned by company insiders.

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.

Analyst Upgrades and Downgrades

PCAR has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on PACCAR from $125.00 to $157.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Citigroup raised their target price on shares of PACCAR from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PACCAR in a report on Tuesday. 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 report on Thursday, July 2nd. Finally, Evercore set a $139.00 price target on shares of PACCAR in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $131.70.

PACCAR 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.