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

Key Points

• Madison Asset Management purchased 1.48 million PACCAR shares worth approximately $177.6 million, making the stock its fifth-largest holding and representing about 0.28% of PACCAR.
• PACCAR exceeded quarterly expectations with $1.43 in EPS and $7.55 billion in revenue, while declaring a $0.35 quarterly dividend that implies a 1.1% annualized yield.
• Analysts maintain a predominantly neutral view, with a consensus “Hold” rating and a $131.70 price target; meanwhile, insiders sold 56,842 shares worth about $7.6 million during the last quarter.

Madison Asset Management LLC purchased a new stake in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,478,618 shares of the company's stock, valued at approximately $177,612,000. PACCAR comprises 2.1% of Madison Asset Management LLC's holdings, making the stock its 5th biggest holding. Madison Asset Management LLC owned approximately 0.28% of PACCAR as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of PACCAR by 0.3% during the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock worth $9,258,000 after purchasing an additional 290 shares during the period. Focus Partners Wealth raised its position in PACCAR by 15.4% during the 1st quarter. Focus Partners Wealth now owns 13,604 shares of the company's stock valued at $1,324,000 after purchasing an additional 1,812 shares during the last quarter. Treasurer of the State of North Carolina raised 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 valued at $22,886,000 after purchasing an additional 5,327 shares during the last quarter. Ieq Capital LLC lifted its holdings in PACCAR by 11.5% in the 2nd quarter. Ieq Capital LLC now owns 37,404 shares of the company's stock worth $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 stake in PACCAR in the 2nd quarter worth approximately $81,000. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Activity at PACCAR

In related news, 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 value of $261,025.00. Following the completion of the sale, the chief financial officer owned 1,391 shares of the company's stock, valued at $184,307.50. The trade was a 58.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP William Lance Walters sold 1,000 shares of the company'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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 56,842 shares of company stock valued at $7,565,677 in the last quarter. 1.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of PACCAR in a research note on Tuesday. Citigroup lifted their price target on shares of PACCAR from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Sanford C. Bernstein reissued an "outperform" rating and set a $148.00 price objective on shares of PACCAR in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of PACCAR from $155.00 to $164.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their target price on shares of PACCAR from $125.00 to $157.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $131.70.

PACCAR Trading Down 0.4%

PACCAR stock opened at $127.47 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90. PACCAR Inc. has a one year low of $92.25 and a one year high of $139.24. The stock has a market capitalization of $67.10 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.01 and a beta of 0.97. The business's fifty day moving average is $126.00 and its 200 day moving average is $121.79.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.07. The business had revenue of $7.55 billion during 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 was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 EPS. On average, sell-side analysts predict that PACCAR Inc. will post 5.89 EPS for the current year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $1.40 annualized dividend and a yield of 1.1%. PACCAR's dividend payout ratio (DPR) is currently 29.41%.

Trending Headlines about 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.

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.

Want to see what other hedge funds are holding PCAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc. (NASDAQ:PCAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source