OLD National Bancorp IN Acquires 25,003 Shares of PACCAR Inc. $PCAR

Posted by Geri Gentry on Jun 27th, 2026

OLD National Bancorp IN lifted its holdings in shares of PACCAR Inc. (NASDAQ:PCAR – Free Report) by 55.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,377 shares of the company’s stock after purchasing an additional 25,003 shares during the quarter. OLD National Bancorp IN’s holdings in PACCAR were worth $8,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in PACCAR in the fourth quarter worth $727,745,000. Wellington Management Group LLP raised its holdings in PACCAR by 18.6% during the fourth quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock valued at $2,516,272,000 after buying an additional 3,597,283 shares in the last quarter. UBS Group AG lifted its position in shares of PACCAR by 74.4% in the fourth quarter. UBS Group AG now owns 4,548,861 shares of the company’s stock worth $498,146,000 after buying an additional 1,940,260 shares during the last quarter. American Century Companies Inc. lifted its position in shares of PACCAR by 235.9% in the third quarter. American Century Companies Inc. now owns 2,540,688 shares of the company’s stock worth $249,801,000 after buying an additional 1,784,236 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of PACCAR by 129.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,275,921 shares of the company’s stock worth $249,237,000 after acquiring an additional 1,286,056 shares in the last quarter. Institutional investors own 64.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PCAR. Evercore set a $139.00 price objective on PACCAR in a research note on Monday, May 11th. Wells Fargo & Company set a $125.00 target price on PACCAR and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating and set a $125.00 price target (down from $130.00) on shares of PACCAR in a report on Thursday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of PACCAR from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Truist Financial boosted their price objective on shares of PACCAR from $120.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $122.00.

Read Our Latest Stock Analysis on PACCAR

PACCAR Price Performance

Shares of PACCAR stock opened at $120.68 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91. The company has a market cap of $63.51 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.13 and a beta of 0.98. The firm has a fifty day moving average price of $116.95 and a two-hundred day moving average price of $118.42. PACCAR Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $131.88.

PACCAR (NASDAQ:PCAR – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The company had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The business’s revenue was down 9.8% compared to the same quarter last year. Analysts expect that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were paid a dividend of $0.35 per share. This is a positive change from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, May 13th. PACCAR’s dividend payout ratio is presently 29.79%.

PACCAR Company Profile

(Free Report)

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.