New York State Common Retirement Fund Purchases 87,100 Shares of PACCAR Inc. $PCAR

New York State Common Retirement Fund lifted its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 13.4% in the third quarter, HoldingsChannel.com reports. The firm owned 735,549 shares of the company’s stock after purchasing an additional 87,100 shares during the period. New York State Common Retirement Fund’s holdings in PACCAR were worth $72,319,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. JT Stratford LLC purchased a new position in PACCAR during the second quarter valued at $1,301,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in PACCAR by 77.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 238,074 shares of the company’s stock worth $22,631,000 after acquiring an additional 103,664 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in PACCAR in the third quarter worth about $3,817,000. Robeco Institutional Asset Management B.V. increased its stake in shares of PACCAR by 77.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 228,946 shares of the company’s stock valued at $22,510,000 after purchasing an additional 100,285 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of PACCAR by 8.3% during the third quarter. Nordea Investment Management AB now owns 108,783 shares of the company’s stock valued at $10,770,000 after purchasing an additional 8,303 shares in the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about PACCAR

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR says it expects 4%–8% annual parts sales growth and cited tariff clarity that should boost margins and market share — a driver for higher-margin recurring revenue. Paccar forecasts parts sales growth
• Positive Sentiment: Industry report cites a “very strong” Class 8 truck order pace entering 2026 — supports better future truck volumes and dealer order backlog. Paccar strong Class 8 orders
• Positive Sentiment: Several analyst/market pieces highlight PCAR as a momentum and top-ranked value stock, which can attract investor interest and buying. Zacks momentum article Zacks value article
• Neutral Sentiment: Q4 EPS came in exactly at expectations ($1.06), limiting downside from an earnings miss but leaving guidance/volume questions. Zacks Q4 earnings match
• Neutral Sentiment: Analysts show mixed views: Citigroup raised its price target to $125 with a neutral rating (small upside) while coverage pieces note conflicting sentiments across industrials — keeps trading range uncertain. Citigroup price target raise Analyst conflicting sentiments
• Negative Sentiment: Revenue declined year-over-year (truck sales weakness) and Q4 revenues missed expectations — a near-term headwind for growth multiple expansion. Revenue miss coverage
• Negative Sentiment: Truist raised its target to $120 but kept a hold rating; that target is below current levels, which could check upside if more analysts follow suit. Truist price target note
• Negative Sentiment: Market commentary noted recent underperformance versus peers, highlighting risk of relative weakness if industrial demand softens. MarketWatch underperformance

PACCAR Trading Up 0.2%

PACCAR stock opened at $123.32 on Friday. PACCAR Inc. has a one year low of $84.65 and a one year high of $125.36. The business’s fifty day moving average is $113.46 and its 200 day moving average is $103.50. The stock has a market capitalization of $64.77 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 14.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.70 and a quick ratio of 2.91.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $6.06 billion. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.PACCAR’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 EPS. On average, sell-side analysts predict that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, February 11th. This represents a $1.32 dividend on an annualized basis and a yield of 1.1%. PACCAR’s payout ratio is currently 25.83%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PCAR shares. Wells Fargo & Company set a $119.00 price target on PACCAR and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Sanford C. Bernstein set a $138.00 price target on PACCAR and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings cut shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Morgan Stanley increased their price objective on shares of PACCAR from $93.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Truist Financial lifted their target price on shares of PACCAR from $108.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $115.92.

PACCAR Company 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.