New insider activity at Paccar ( (PCAR) ) has taken place on February 19, 2025.
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In a notable move, Paccar’s President and CFO, Harrie Schippers, has recently sold 28,676 shares of the company’s stock. This transaction amounted to a significant $3,038,508, reflecting a strategic financial decision by the company’s high-ranking executive.
Recent Updates on PCAR stock
In recent developments regarding Paccar (PCAR), JPMorgan raised its price target on the stock to $132, citing a recovery in the North American Class 8 truck market driven by replacement demand and regulatory changes. Conversely, BofA slightly lowered its price target to $120, reflecting concerns about emissions overhang despite an optimistic outlook on gross margins. Truist also made a minor upward adjustment to its price target to $113, noting that foreign exchange was a headwind affecting EPS, but highlighting strong performance in the Parts division exceeding the industry average. Paccar’s latest earnings call reported strong financial results, with significant revenues and profits despite challenges like reduced truck deliveries and geopolitical issues in Europe. The company anticipates a positive 2025, driven by strategic investments in capital projects and research and development.
More about Paccar
YTD Price Performance: 2.18%
Average Trading Volume: 2,186,893
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $55.55B