Empowered Funds LLC Purchases 46,865 Shares of PACCAR Inc. $PCAR

Empowered Funds LLC boosted its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 89.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,442 shares of the company’s stock after acquiring an additional 46,865 shares during the period. Empowered Funds LLC’s holdings in PACCAR were worth $11,486,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ares Financial Consulting LLC bought a new position in shares of PACCAR during the 4th quarter worth about $27,000. MCF Advisors LLC lifted its stake in shares of PACCAR by 57.5% in the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 92 shares during the period. Steph & Co. bought a new stake in shares of PACCAR in the first quarter valued at about $29,000. Elyxium Wealth LLC acquired a new stake in PACCAR during the fourth quarter worth about $30,000. Finally, Wealth Watch Advisors INC acquired a new stake in PACCAR during the third quarter worth about $32,000. 64.90% of the stock is currently owned by institutional investors.

PACCAR News Roundup

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR’s second-quarter results exceeded expectations, with earnings per share of $1.43 versus the $1.36 consensus estimate and revenue of $7.55 billion compared with expectations of $7.05 billion. Revenue increased slightly year over year, while margin gains and record parts revenue reinforced the company’s earnings quality. Why PACCAR Is Up After Q2 Margin Gains and Record Parts Revenue
• Positive Sentiment: Management’s earnings-call commentary highlighted stable truck demand, regulatory clarity and continued strategic investments, supporting expectations for relatively resilient margins and a firm outlook. PACCAR Earnings Call Highlights Strong Momentum
• Positive Sentiment: JPMorgan raised its PACCAR price target from $155 to $164 and maintained an “overweight” rating, indicating confidence that earnings strength can support additional appreciation. JPMorgan Raises PACCAR Price Target
• Positive Sentiment: Wells Fargo increased its target from $125 to $157, while Citigroup raised its target from $125 to $140. These revisions suggest analysts see improved fundamentals, even though both firms retained neutral-style ratings. Analyst Price Target Revisions
• Neutral Sentiment: Analysts continue to assign an average “hold” rating to PACCAR. The cautious consensus, combined with Citigroup’s “neutral” and Wells Fargo’s “equal weight” ratings, indicates that valuation and the already-strong share performance remain areas of investor concern. PACCAR Receives Average Hold Rating

PACCAR Stock Performance

NASDAQ PCAR opened at $133.76 on Friday. The stock has a market cap of $70.40 billion, a P/E ratio of 28.10, a PEG ratio of 1.23 and a beta of 0.97. The company’s 50-day simple moving average is $120.95 and its 200 day simple moving average is $120.78. PACCAR Inc. has a twelve month low of $92.25 and a twelve month high of $139.24. The company has a quick ratio of 2.91, a current ratio of 1.82 and a debt-to-equity ratio of 0.52.

PACCAR (NASDAQ:PCAR) last posted 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. The firm had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 earnings per share. As a group, research analysts forecast that PACCAR Inc. will post 5.66 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.0%. PACCAR’s dividend payout ratio is presently 29.79%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PCAR. Truist Financial boosted their price target on PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Evercore set a $139.00 price objective on PACCAR in a research report on Monday, May 11th. Citigroup boosted their price objective on PACCAR from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings lowered PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their target price on PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $131.70.

PACCAR 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.