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Citigroup has lowered its price target on PACCAR to $105 from $112 while maintaining a neutral rating. PACCAR, Inc. focuses on designing, manufacturing, and marketing transportation vehicles, with truck sales accounting for 76.4% of net sales, followed by accessories and financing services. In 2023, the company sold 204,200 vehicles, with significant distribution in the United States, Europe, and other regions.
PACCAR Inc has an average rating of "Moderate Buy" with a target price of $118.38. Recent insider sales included VP Michael K. Walton selling 6,000 shares and CFO Harrie Schippers selling 28,676 shares, reflecting significant decreases in their holdings. The company reported a quarterly dividend increase to $0.33 and has a market cap of $50.87 billion, with institutional investors owning 64.90% of the stock.
Corporate insiders hold 2.02% of PACCAR's stock, while institutional investors own 64.90%. Recent changes include significant increases in holdings by Meeder Asset Management and Sunbelt Securities, alongside new stakes from several firms. Analysts have mixed ratings, with JPMorgan lowering its price target to $121, indicating a potential upside of 19.60%. PACCAR's stock opened at $101.17, with a market cap of $53.09 billion and a P/E ratio of 12.79. In recent insider trading, VP Todd R. Hubbard and VP Michael K. Walton sold substantial shares, reflecting a decrease in their positions.
PACCAR Inc. has seen significant insider selling, with 165,547 shares sold valued at over $18 million, while insiders hold 2.02% of the stock. Institutional investors own 64.90% of shares, with recent modifications in holdings, including Everence Capital Management's new stake of approximately $1.98 million. Analysts have mixed ratings on PACCAR, with UBS downgrading it to "neutral" and a price target of $108, while Bank of America upgraded it to "buy" with a target of $121.50. The stock opened at $101.17, with a market cap of $53.09 billion and a P/E ratio of 12.79.
Paccar, Inc. specializes in developing and marketing goods transport vehicles, with truck sales accounting for 76.4% of net sales. In 2023, the company sold 204,200 vehicles, primarily under the DAF, Kenworth, and Peterbilt brands, with significant sales in the U.S. (53.6%) and Europe (24.9%). The company also generates revenue from accessories, spare parts, and financing services, but faces demand uncertainties due to political and market risks.
Shares of Paccar fell 0.4% to $100.72 after UBS downgraded its rating from "neutral" to "buy," citing political uncertainties regarding tariffs and emissions regulations. UBS revised its price target from $124 to $108, reflecting concerns over truck demand recovery in 2025. The stock has declined approximately 3% year-to-date, while the S&P 500 Construction Machinery & Heavy Transportation Equipment sub-index is down nearly 6%.
Paccar's shares fell 0.4% to $100.72 after UBS downgraded the stock to 'neutral' from 'buy', citing uncertainties around tariffs and emissions regulations that could hinder truck demand recovery in 2025. UBS reduced its price target from $124 to $108, reflecting a cautious outlook amid shifting government policies. The stock has declined approximately 3% year-to-date, contrasting with a nearly 6% drop in the S&P 500 Construction Machinery & Heavy Transportation Equipment sub-index.
UBS has downgraded Paccar from "Buy" to "Neutral," reducing its price target from $124 to $108 due to uncertainties surrounding truck demand recovery. Analyst Steven Fisher highlighted concerns over tariffs and potential changes in emissions regulations, suggesting trucking companies may delay orders in 2025.
Paccar has been downgraded to Neutral by UBS due to a challenging truck market. This decision reflects concerns about the current conditions affecting the industry, signaling a cautious outlook for the company's performance in the near term.
PACCAR reported $1.85 EPS for the quarter, surpassing estimates, with revenue of $8.24 billion, though down 5.2% year-over-year. Analysts maintain a "Hold" rating, with a consensus price target of $117.64, while a quarterly dividend of $0.30 per share is set for December 4th.
PACCAR Inc
Companies
| Symbol | PCAR |
| Name | PACCAR Inc |
| Currency | USD |
| Sector | Industrials |
| IndustryGroup | Capital Goods |
| Industry | Machinery |
| Market | NASDAQ Global Select |
| Country | United States |
| State | WA |
| City | Bellevue |
| Zipcode | 98004 |
| Website | http://www.paccar.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Citigroup lowers PACCAR price target while maintaining neutral rating
13:14 31.03.2025
paccar stock sees insider selling amid moderate buy rating and price targets
10:28 31.03.2025
paccar sees significant institutional investment changes and analyst rating adjustments
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13:39 19.03.2025
paccar insider sales and institutional trading insights revealed
13:05 19.03.2025
Paccar faces demand challenges amid political and market uncertainties
15:43 18.03.2025
Paccar shares decline after UBS downgrade amid tariff and emissions concerns
15:11 18.03.2025
Paccar shares decline as UBS downgrades outlook amid regulatory uncertainties
15:11 18.03.2025
ubs downgrades paccar to neutral amid truck demand uncertainty
14:50 18.03.2025
Paccar receives neutral rating from UBS amid tough truck market conditions
12:55 18.03.2025
paccar reports earnings beat but analysts favor other stocks for investment
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