PACCAR (NASDAQ:PCAR) Sets New 1-Year High Following Analyst Upgrade

PACCAR Inc. (NASDAQ:PCAR) shares reached a new 52-week high on Wednesday after Truist Financial raised their price target on the stock from $108.00 to $120.00. Truist Financial currently has a hold rating on the stock. PACCAR traded as high as $124.68 and last traded at $123.9560, with a volume of 912075 shares traded. The stock had previously closed at $120.81.

Several other research analysts also recently commented on PCAR. Zacks Research raised shares of PACCAR from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Raymond James Financial reaffirmed a “market perform” rating on shares of PACCAR in a report on Tuesday, October 21st. UBS Group set a $103.00 price target on PACCAR and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price objective on PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Morgan Stanley raised their target price on PACCAR from $93.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $115.50.

Trending Headlines about PACCAR

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: Management said Class 8 truck order pace entering 2026 is “very strong,” which supports future build rates and dealer deliveries — a demand signal investors favor. Read More.
• Positive Sentiment: PACCAR guided to 4%–8% annual parts sales growth and noted tariff clarity that should boost margins and market share — recurring parts/service revenue and margin tailwinds are a structural positive. Read More.
• Positive Sentiment: Quant/value analysts highlight PACCAR as a top‑ranked value stock, which may attract bargain‑hunting and income‑oriented flows given the company’s dividend and relative valuation metrics. Read More.
• Neutral Sentiment: Analysts at Truist raised their price target to $120 (from $108) but maintained a “hold” rating — a mixed signal: higher PT but limited upside implied by the rating. Read More.
• Neutral Sentiment: Q4 EPS of $1.06 matched consensus, showing earnings per share resilience despite softer top line; that limited the negative reaction versus a bigger miss. Read More.
• Negative Sentiment: Revenue (≈$4.61B) missed expectations (≈$6.06B) and was down ~15% year‑over‑year as truck deliveries fell — a clear top‑line headwind that pressured sentiment after the print. Read More.
• Negative Sentiment: The stock underperformed peers on the initial reaction to the weaker revenue and some commentary flagged a near‑term business slowdown, which keeps near‑term investor caution elevated. Read More. Read More.

Institutional Trading of PACCAR

Large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in PACCAR in the second quarter valued at approximately $472,520,000. Pacer Advisors Inc. increased its holdings in shares of PACCAR by 2,389.2% in the 3rd quarter. Pacer Advisors Inc. now owns 2,010,837 shares of the company’s stock worth $197,705,000 after buying an additional 1,930,056 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of PACCAR by 235.9% in the 3rd quarter. American Century Companies Inc. now owns 2,540,688 shares of the company’s stock worth $249,801,000 after buying an additional 1,784,236 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of PACCAR by 25.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,798,439 shares of the company’s stock valued at $551,211,000 after buying an additional 1,165,443 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of PACCAR by 20.3% during the 3rd quarter. Capital Research Global Investors now owns 5,971,153 shares of the company’s stock worth $587,084,000 after acquiring an additional 1,009,134 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

The company has a market capitalization of $64.63 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 14.28 and a beta of 1.01. The company has a quick ratio of 2.91, a current ratio of 1.70 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average is $112.94 and its 200-day moving average is $103.36.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s revenue was down 15.1% compared to the same quarter last year. Equities analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be given a $0.33 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $1.32 dividend on an annualized basis and a yield of 1.1%. PACCAR’s payout ratio is presently 25.83%.

About PACCAR

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.