Comerica Bank Sells 14,250 Shares of PACCAR Inc. $PCAR

Comerica Bank cut its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,293 shares of the company's stock after selling 14,250 shares during the period. Comerica Bank's holdings in PACCAR were worth $13,830,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of PACCAR by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 63,475,226 shares of the company's stock valued at $6,951,172,000 after acquiring an additional 363,782 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of PACCAR by 20.3% in the third quarter. Capital Research Global Investors now owns 5,971,153 shares of the company's stock valued at $587,084,000 after acquiring an additional 1,009,134 shares in the last quarter. Invesco Ltd. grew its holdings in shares of PACCAR by 3.5% in the third quarter. Invesco Ltd. now owns 5,396,888 shares of the company's stock valued at $530,622,000 after acquiring an additional 184,502 shares in the last quarter. UBS Group AG grew its holdings in PACCAR by 74.4% during the fourth quarter. UBS Group AG now owns 4,548,861 shares of the company's stock valued at $498,146,000 after purchasing an additional 1,940,260 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in PACCAR by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 3,256,671 shares of the company's stock valued at $320,196,000 after purchasing an additional 22,941 shares during the period. 64.90% of the stock is owned by institutional investors.

More PACCAR News

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: Board raised the regular quarterly dividend, supporting income investors and signaling confidence in cash flow. PACCAR Increases Regular Quarterly Dividend
• Positive Sentiment: Q1 EPS of $1.15 beat consensus ($1.13), helped by higher parts margins and Financial Services results — these segments partially offset weak truck volumes. PCAR Q1 Earnings Surpass Estimates on Higher Parts Profit
• Neutral Sentiment: Management commentary and prepared remarks emphasize solid parts/finance performance and operational execution; the earnings call transcript provides more color on margins, backlog and dealer inventories for investors digging into guidance and outlook. PACCAR Inc (PCAR) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Company press release highlights sequential improvement and an increasing production backlog, which could point to firmer demand ahead if sustained. PACCAR Achieves Good Financial Performance
• Negative Sentiment: Revenue of $6.23B missed consensus ($6.37B) and was down ~9.8% year-over-year, reflecting softer new-truck demand — a key driver of the share decline. PACCAR NASDAQ: PCAR Misses Q1 CY2026 Revenue Estimates
• Negative Sentiment: Industry-wide overcapacity and tepid demand for new trucks were cited by analysts and Reuters as the main drivers of the revenue decline and investor concern, contributing to the stock drop. PACCAR's revenue falls on tepid demand for new trucks
• Negative Sentiment: Market coverage notes the selloff is driven by the revenue miss and weak truck outlook despite the EPS beat and dividend raise — headlines and high trading volume amplified intraday selling. Why PACCAR (PCAR) shares are plunging today

Insider Buying and Selling

In other PACCAR news, CEO R Preston Feight sold 9,258 shares of the firm's stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $129.70, for a total transaction of $1,200,762.60. Following the sale, the chief executive officer owned 258,566 shares in the company, valued at $33,536,010.20. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP C Michael Dozier sold 79,076 shares of the firm's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total value of $10,115,401.92. Following the sale, the executive vice president owned 34,656 shares in the company, valued at $4,433,195.52. The trade was a 69.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 133,105 shares of company stock valued at $16,869,046 in the last ninety days. 1.99% of the stock is owned by insiders.

PACCAR Trading Down 6.0%

Shares of PCAR stock opened at $119.61 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $131.88. The company has a market capitalization of $62.95 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.06 and a beta of 1.06. The business's fifty day moving average is $121.18 and its 200 day moving average is $114.16.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the business posted $1.46 earnings per share. The firm's revenue was down 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that PACCAR Inc. will post 5.55 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from PACCAR's previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. PACCAR's dividend payout ratio (DPR) is 29.27%.

Analyst Ratings Changes

PCAR has been the subject of several research reports. BNP Paribas Exane initiated coverage on PACCAR in a report on Tuesday, March 31st. They set a "neutral" rating and a $126.00 price objective for the company. Morgan Stanley set a $109.00 price objective on PACCAR and gave the company an "equal weight" rating in a report on Tuesday, February 3rd. Truist Financial increased their price objective on PACCAR from $108.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. increased their price objective on PACCAR from $133.00 to $142.00 and gave the company an "overweight" rating in a report on Wednesday, January 14th. Finally, Citigroup increased their price objective on PACCAR from $125.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $117.42.

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.

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