Tocqueville Asset Management L.P. Invests $7.69 Million in PACCAR Inc. $PCAR

Key Points

• Tocqueville Asset Management initiated a $7.69 million PACCAR stake by purchasing 64,055 shares in the second quarter. Institutional investors collectively own 64.9% of the company.
• PACCAR exceeded quarterly expectations, reporting $1.43 in EPS and $7.55 billion in revenue, while revenue rose 0.5% year over year. The company also declared a $0.35 quarterly dividend, yielding approximately 1.1% annually.
• Analysts maintain a consensus “Hold” rating with an average $131.70 price target, while PACCAR trades near its 52-week high at roughly 26.9 times earnings. Recent insider selling included CEO R. Preston Feight’s sale of approximately $6.8 million in stock.

Tocqueville Asset Management L.P. purchased a new stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 64,055 shares of the company's stock, valued at approximately $7,694,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in PACCAR by 0.3% during the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock worth $9,258,000 after purchasing an additional 290 shares in the last quarter. Focus Partners Wealth lifted its position in PACCAR by 15.4% during the first quarter. Focus Partners Wealth now owns 13,604 shares of the company's stock valued at $1,324,000 after buying an additional 1,812 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in PACCAR by 2.3% during the second quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company's stock valued at $22,886,000 after buying an additional 5,327 shares in the last quarter. Ieq Capital LLC grew its stake in PACCAR by 11.5% during the second 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 during the second quarter worth approximately $81,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PACCAR news, VP William Lance Walters sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $133.50, for a total transaction of $133,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Preston Feight sold 50,975 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $133.07, for a total value of $6,783,243.25. Following the sale, the chief executive officer 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 SEC filing for this sale provides additional information. Insiders sold a total of 56,842 shares of company stock valued at $7,565,677 in the last three months. 1.99% of the stock is owned by insiders.

PACCAR Price Performance

PCAR opened at $127.47 on Thursday. The company has a fifty day simple moving average of $126.00 and a 200 day simple moving average of $121.79. The firm has a market cap of $67.10 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.01 and a beta of 0.97. PACCAR Inc. has a twelve month low of $92.25 and a twelve month high of $139.24. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.07. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The firm had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. Equities research analysts expect that PACCAR Inc. will post 5.89 EPS for the current fiscal year.

PACCAR Dividend Announcement

The firm 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%.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of PACCAR in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of PACCAR from $155.00 to $164.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $148.00 price target on shares of PACCAR in a report on Wednesday, July 29th. Citigroup raised their price objective on PACCAR from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, Morgan Stanley set a $119.00 price objective on PACCAR in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, PACCAR currently has a consensus rating of "Hold" and an average target price of $131.70.

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.

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.

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