PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods. It sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full-service leasing operations under the PacLease trade name. It also provides equipment financing and administrative support services for its franchisees; retail loan and leasing services for small, medium, and large commercial trucking companies, as well as independent owners/operators and other businesses; and truck inventory financing services to independent dealers. In addition, this segment offers loans and leases directly to customers for the acquisition of trucks and related equipment. The company also manufactures and markets industrial winches under the Braden, Carco, and Gearmatic nameplates. PACCAR Inc was founded in 1905 and is headquartered in Bellevue, Washington.
IPO Year:
Exchange: NASDAQ
Website: paccar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $99.00 → $129.00 | In-line → Outperform | Evercore ISI |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 6/26/2024 | $115.00 | Neutral | Citigroup |
| 3/26/2024 | $123.00 | Sector Perform | RBC Capital Mkts |
| 3/15/2024 | Neutral → Buy | UBS | |
| 3/14/2024 | $117.00 | Hold | Truist |
| 1/24/2024 | $91.00 → $108.00 | Market Perform | TD Cowen |
| 1/19/2024 | $84.00 → $97.00 | Underperform → Neutral | BofA Securities |
| 1/8/2024 | $125.00 | Overweight | Morgan Stanley |
| 10/25/2023 | $94.00 → $115.00 | Hold → Buy | Deutsche Bank |
MOLINE, Ill., Nov. 1, 2024 /PRNewswire/ -- Deere & Company (NYSE:DE) today announced the appointment of R. Preston Feight to the company's board of directors. He currently serves as chief executive officer of PACCAR Inc (NASDAQ:PCAR), a Fortune 500 company and a global technology leader in the design, manufacture, and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. Feight's leadership at PACCAR has been characterized by pioneering advancements in engineering, manufacturing, aftermarket, and financial se
Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE:CMI), Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; "Daimler Truck"] and PACCAR (NASDAQ:PCAR) have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric vehicles and is expected to create more than 2,000 U.S. manufacturing jobs, with the option for further expansion as demand grows. The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027. The planned joint venture between Accelera, Daimler
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MOLINE, Ill., Nov. 1, 2024 /PRNewswire/ -- Deere & Company (NYSE:DE) today announced the appointment of R. Preston Feight to the company's board of directors. He currently serves as chief executive officer of PACCAR Inc (NASDAQ:PCAR), a Fortune 500 company and a global technology leader in the design, manufacture, and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. Feight's leadership at PACCAR has been characterized by pioneering advancements in engineering, manufacturing, aftermarket, and financial se
"PACCAR achieved excellent revenues and net income in the third quarter of 2024," said Preston Feight, chief executive officer. "PACCAR's truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance. PACCAR Financial Services achieved good results due to its high quality portfolio. I am very proud of our employees for producing the highest quality trucks and transportation solutions for our customers." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022154137/en/DAF Trucks at the IAA Truck Show (Photo: Business Wire) PACCAR achieved net income of $972.1
PACCAR Inc's Board of Directors today declared a regular quarterly cash dividend of thirty cents ($.30) per share, payable on December 4, 2024, to stockholders of record at the close of business on November 13, 2024. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are traded on the NASDAQ Stock Market, symbol PCAR. Its homepage is www.paccar.com. View source vers
"PACCAR achieved excellent revenues and net income in the second quarter of 2024," said Preston Feight, chief executive officer. "PACCAR's truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance that enhanced customer uptime. PACCAR Financial Services delivered good profitability due to its growing, high quality portfolio. I am very proud of our employees for delivering industry-leading trucks and transportation solutions to our customers." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723272261/en/Peterbilt 579, Kenworth T680 and DAF XG+ Trucks
PACCAR Inc's Board of Directors today declared a regular quarterly cash dividend of thirty cents ($.30) per share, payable on September 5, 2024, to stockholders of record at the close of business on August 15, 2024. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are traded on the NASDAQ Stock Market, symbol PCAR. Its homepage is www.paccar.com. View source ver
Amplify Cell Technologies, a joint venture between Accelera, Daimler Trucks & Buses US Holding LLC and PACCAR, recently broke ground at its new battery cell manufacturing plant in Marshall County, Mississippi. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701093920/en/Amplify Cell Technologies Board Members and Distinguished Guests Break Ground (Photo: Business Wire) The 500-acre site will be home to a two million square-foot, energy efficient facility with an annual manufacturing capacity of 21-gigawatt hours (GWh) for the production of lithium-iron-phosphate (LFP) battery cells. Amplify plans to begin battery cell producti
Accelera by Cummins, the zero-emissions business unit of Cummins Inc. (NYSE:CMI), Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; "Daimler Truck"] and PACCAR (NASDAQ:PCAR) have completed the formation of their joint venture, now known as Amplify Cell Technologies, to localize battery cell production and the battery supply chain in the United States. This strategic collaboration will advance zero-emissions technology for electric commercial vehicles and industrial applications. Amplify will soon begin construction of a 21-gigawatt hour (GWh) factory in Marshall County, Miss., with potential for further expansion as demand grows. The factory is expected to c
Accelera by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have completed the formation of their joint venture, now known as Amplify Cell Technologies, to localize battery cell production and the battery supply chain in the United States. This strategic collaboration will advance zero-emissions technology for electric commercial vehicles and industrial applications. Amplify will soon begin construction of a 21-gigawatt hour (GWh) factory in Marshall County, Miss., with potential for further expansion as demand grows. The factory is expected to create more than 2,000 U.S. manufacturing jobs and is targeting the start of its production operations in 2027. Amplify Cell Technologie
PACCAR will hold meetings with research analysts and institutional shareholders commencing at 9:00 a.m. Eastern time on June 5, 2024, in New York, New York. A real-time Webcast of these events will be available at www.paccar.com. Webcast replays will be available following the event at the same link until June 30, 2024. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. View so
PACCAR Inc's Board of Directors today approved an increase of 11% in the regular quarterly cash dividend from twenty-seven cents ($.27) per share to thirty cents ($.30) per share. The dividend will be payable on June 5, 2024, to stockholders of record at the close of business on May 15, 2024. Mark Pigott, executive chairman, shared, "PACCAR has generated excellent shareholder returns and profitability, for decades, due to its leadership in premium quality vehicles and aftermarket services. PACCAR has delivered annual dividends, including regular quarterly and extra cash dividends, totaling approximately 50% of net income for many years. PACCAR's shareholders have earned returns that have
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Evercore ISI upgraded PACCAR from In-line to Outperform and set a new price target of $129.00 from $99.00 previously
Raymond James initiated coverage of PACCAR with a rating of Mkt Perform
Citigroup initiated coverage of PACCAR with a rating of Neutral and set a new price target of $115.00
RBC Capital Mkts initiated coverage of PACCAR with a rating of Sector Perform and set a new price target of $123.00
UBS upgraded PACCAR from Neutral to Buy
Truist initiated coverage of PACCAR with a rating of Hold and set a new price target of $117.00
TD Cowen reiterated coverage of PACCAR with a rating of Market Perform and set a new price target of $108.00 from $91.00 previously
BofA Securities upgraded PACCAR from Underperform to Neutral and set a new price target of $97.00 from $84.00 previously
Morgan Stanley initiated coverage of PACCAR with a rating of Overweight and set a new price target of $125.00
Deutsche Bank upgraded PACCAR from Hold to Buy and set a new price target of $115.00 from $94.00 previously
"PACCAR achieved excellent revenues and net income in the third quarter of 2024," said Preston Feight, chief executive officer. "PACCAR's truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance. PACCAR Financial Services achieved good results due to its high quality portfolio. I am very proud of our employees for producing the highest quality trucks and transportation solutions for our customers." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022154137/en/DAF Trucks at the IAA Truck Show (Photo: Business Wire) PACCAR achieved net income of $972.1
PACCAR Inc's Board of Directors today declared a regular quarterly cash dividend of thirty cents ($.30) per share, payable on December 4, 2024, to stockholders of record at the close of business on November 13, 2024. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are traded on the NASDAQ Stock Market, symbol PCAR. Its homepage is www.paccar.com. View source vers
"PACCAR achieved excellent revenues and net income in the second quarter of 2024," said Preston Feight, chief executive officer. "PACCAR's truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance that enhanced customer uptime. PACCAR Financial Services delivered good profitability due to its growing, high quality portfolio. I am very proud of our employees for delivering industry-leading trucks and transportation solutions to our customers." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723272261/en/Peterbilt 579, Kenworth T680 and DAF XG+ Trucks
PACCAR Inc's Board of Directors today declared a regular quarterly cash dividend of thirty cents ($.30) per share, payable on September 5, 2024, to stockholders of record at the close of business on August 15, 2024. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are traded on the NASDAQ Stock Market, symbol PCAR. Its homepage is www.paccar.com. View source ver
PACCAR Inc's Board of Directors today approved an increase of 11% in the regular quarterly cash dividend from twenty-seven cents ($.27) per share to thirty cents ($.30) per share. The dividend will be payable on June 5, 2024, to stockholders of record at the close of business on May 15, 2024. Mark Pigott, executive chairman, shared, "PACCAR has generated excellent shareholder returns and profitability, for decades, due to its leadership in premium quality vehicles and aftermarket services. PACCAR has delivered annual dividends, including regular quarterly and extra cash dividends, totaling approximately 50% of net income for many years. PACCAR's shareholders have earned returns that have
"PACCAR reported excellent revenues and net income in the first quarter of 2024," said Preston Feight, chief executive officer. "PACCAR's results reflect ongoing demand for premium quality DAF, Peterbilt and Kenworth trucks, aftermarket parts and financial services. I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430725329/en/Peterbilt 567 Truck (Photo: Business Wire) PACCAR achieved quarterly revenues of $8.74 billion in the first quarter of 2024, compared to the $8.47 billion reported in the same
"PACCAR reported record annual revenues and net income in 2023," said Preston Feight, chief executive officer. "PACCAR's excellent results reflect record deliveries of premium quality DAF, Peterbilt and Kenworth trucks worldwide, record Truck, Parts and Other gross margins and strong financial services performance. I am very proud of our employees and dealers who delivered outstanding trucks and transportation solutions to our customers." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240123849726/en/Kenworth T680 Truck (Photo: Business Wire) PACCAR achieved quarterly revenues of $9.08 billion in the fourth quarter of 2023, comp
PACCAR Inc's Board of Directors today declared an extra cash dividend of three dollars and twenty cents ($3.20) per share, payable on January 4, 2024, to stockholders of record at the close of business on December 15, 2023. Mark Pigott, executive chairman, shared, "PACCAR has generated excellent shareholder returns due to its industry-leading premium quality vehicles, strong growth in aftermarket parts and financial services, and innovative use of technology to enhance customers' operational performance." Preston Feight, chief executive officer, said, "PACCAR's excellent profits and strong cash flow have enabled the company to invest in industry-leading new DAF, Kenworth and Peterbilt t
PACCAR Inc's Board of Directors today declared a regular quarterly cash dividend of twenty-seven cents ($.27) per share, payable on March 6, 2024, to stockholders of record at the close of business on February 15, 2024. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are listed on the NASDAQ Stock Market, symbol PCAR. Its homepage is www.paccar.com. View source
Excellent Margins and Parts Profits Drive Results "PACCAR achieved record net income for the third quarter of 2023," said Preston Feight, chief executive officer. "PACCAR's third quarter results reflect excellent Truck, Parts and Other gross margins of 19.5% and strong PACCAR Parts profits. PACCAR's investments in innovative new DAF, Kenworth and Peterbilt trucks and enhanced manufacturing efficiency are benefiting truck owners' operating performance and delivering strong financial results. PACCAR Parts' excellent performance is the result of providing industry-leading technology that enhances customer uptime. PACCAR Financial Services achieved strong results due to its high quality portf
Deutsche Bank analyst Nicole Deblase maintains PACCAR (NASDAQ:PCAR) with a Buy and lowers the price target from $121 to $109.
JP Morgan analyst Tami Zakaria maintains PACCAR (NASDAQ:PCAR) with a Overweight and lowers the price target from $135 to $115.
Across the recent three months, 5 analysts have shared their insights on PACCAR (NASDAQ:PCAR), expressing a variety of opinions spanning from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $117.6, a high estimate of $130.00, and a low estimate of $107.00. Observing a downward trend, the curr
Truist Securities analyst Jamie Cook maintains PACCAR (NASDAQ:PCAR) with a Hold and lowers the price target from $115 to $107.
Shares of Comcast Corporation (NASDAQ:CMCSA) fell sharply during Tuesday's session after the company reported worse-than-expected second-quarter sales results. Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from Benzinga Pro. Comcast shares declined 6.1% to $37.12 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Azitra, Inc. (NYSE:AZTR) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office grant
PACCAR Inc. (NASDAQ:PCAR) shares are trading lower after the company reported worse-than-expected second-quarter financial results. Quarterly sales of $8.262 billion missed the street view of $8.329 billion. The company reported quarterly earnings per share of $2.13, missing the street view of $2.14. “PACCAR is investing more than $200 million in additional engine manufacturing capacity, and in the construction of a new engine remanufacturing facility, in Columbus, Mississippi. Recent truck factory investments include the expansion at Kenworth Chillicothe, Ohio, and PACCAR Mexico, and the DAF new electric truck assembly plant in Eindhoven, Netherlands,” said Harrie Schippers, presiden
PACCAR (NASDAQ:PCAR) reported quarterly earnings of $2.13 per share which missed the analyst consensus estimate of $2.14 by 0.47 percent. This is a 8.58 percent decrease over earnings of $2.33 per share from the same period last year. The company reported quarterly sales of $8.262 billion which missed the analyst consensus estimate of $8.329 billion by 0.80 percent. This is a 2.12 percent decrease over sales of $8.441 billion the same period last year.
PACCAR's (NYSE:PCAR) short percent of float has risen 7.75% since its last report. The company recently reported that it has 12.57 million shares sold short, which is 2.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.49 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp