PACCAR (PCAR)

• Market cap: $55.2B
• 1 day: -2.04%
• 5 days: -7.06%
• 1 month: -4.25%
• 3 months: 6.48%
• 6 months: -1.78%
• Year to date: 8.82%
• 1 year: 9.82%
• 5 years: 97.04%
• 10 years: 128.31%
• Sector: Consumer Discretionary
• Industry: Motor Vehicles & Passenger Car Bodies

About: Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt (primarily sold in the NAFTA region and Australia), and DAF trucks (sold in Europe and South America). The company's trucks are sold through more than 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands roughly 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 Q3 regulatory filings by fund managers ($100M+ AUM)

71% more call options, than puts

Call options by funds: $169M | Put options by funds: $98.9M

7% more funds holding in top 10

Funds holding in top 10: 14 [Q2] → 15 (+1) [Q3]

4% less repeat investments, than reductions

Existing positions increased: 359 | Existing positions reduced: 375

1.58% less ownership

Funds ownership: 68.93% [Q2] → 67.35% (-1.58%) [Q3]

6% less funds holding

Funds holding: 1,003 [Q2] → 940 (-63) [Q3]

6% less capital invested

Capital invested by funds: $37.2B [Q2] → $34.8B (-$2.37B) [Q3]

47% less first-time investments, than exits

New positions opened: 71 | Existing positions closed: 134

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $110 4% upside
• Avg. target: $122 15% upside
• High target: $129 22% upside

7 analyst ratings

• positive: 3 43%
• neutral: 4 57%
• negative: 0 0%

Truist Securities Jamie Cook 71% 1-year accuracy 56 / 79 met price target	4% upside $110	Hold Maintained	19 Dec 2024
Citigroup Kyle Menges 29% 1-year accuracy 5 / 17 met price target	19% upside $125	Neutral Maintained	9 Dec 2024
Jefferies Stephen Volkmann 20% 1-year accuracy 2 / 10 met price target	14% upside $120	Hold Downgraded	6 Dec 2024
Evercore ISI Group David Raso 56% 1-year accuracy 10 / 18 met price target	22% upside $129	Outperform Upgraded	13 Nov 2024
RBC Capital Nick Housden 0 / 0 met price target	13% upside $119	Sector Perform Reiterated	4 Nov 2024