New insider activity at Paccar ( (PCAR) ) has taken place on February 21, 2025.
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Vice President and General Counsel Michael K. Walton has recently made a significant move in the stock market by selling 6,000 shares of Paccar stock. This transaction was valued at $636,780, highlighting a strategic decision in his investment portfolio.
Recent Updates on PCAR stock
In the last 24 hours, Paccar’s stock has experienced notable developments with various analysts adjusting their price targets based on recent company performance and market trends. JPMorgan raised its price target, expressing optimism for a recovery in the Class 8 truck market in North America due to replacement demand and regulatory changes. Conversely, BofA slightly lowered its target, citing a belief that gross margins are bottoming out amidst emissions concerns. Truist also raised its target marginally following the Q4 earnings report, attributing the increase to strong performance in Paccar’s Parts division and expectations of market outperformance in 2025. Despite a mixed earnings report, Paccar remains focused on strategic investments and innovation, positioning itself for future growth despite challenges like reduced truck deliveries and foreign exchange impacts.
More about Paccar
YTD Price Performance: 3.38%
Average Trading Volume: 2,201,188
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $55.86B