PACCARPCAR
Market Cap: $48.9B
About: Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands about 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
Employees: 32,400
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
57% more call options, than puts
Call options by funds: $180M | Put options by funds: $115M
23% more repeat investments, than reductions
Existing positions increased: 406 | Existing positions reduced: 331
1.67% more ownership
Funds ownership: 65.91% [Q1] → 67.58% (+1.67%) [Q2]
5% more first-time investments, than exits
New positions opened: 115 | Existing positions closed: 110
1% more funds holding
Funds holding: 987 [Q1] → 992 (+5) [Q2]
15% less capital invested
Capital invested by funds: $42.7B [Q1] → $36.5B (-$6.23B) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 21 [Q1] → 14 (-7) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Evercore ISI Group David Raso 31% 1-year accuracy 4 / 13 met price target | 6%upside $99 | In-Line Maintained | 19 Aug 2024 |
Citigroup Kyle Menges 80% 1-year accuracy 4 / 5 met price target | 7%upside $100 | Neutral Maintained | 12 Aug 2024 |
Deutsche Bank Nicole Deblase 58% 1-year accuracy 7 / 12 met price target | 17%upside $109 | Buy Maintained | 24 Jul 2024 |
JP Morgan Tami Zakaria 42% 1-year accuracy 13 / 31 met price target | 23%upside $115 | Overweight Maintained | 24 Jul 2024 |
Truist Securities Jamie Cook 62% 1-year accuracy 29 / 47 met price target | 15%upside $107 | Hold Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 3 articles about PCAR published over the past 30 days