Associate Mechanical Design Engineer

PACCAR (NASDAQ:PCAR) price target raised to $157.00 at Wells Fargo & Company. July 30, 2026 Key points. * Wells Fargo raised PACCAR's price target from $125 to $157 while maintaining an "equal weight" rating, implying 18.47% potential upside. * Analyst sentiment remains cautious: PACCAR has an average "Hold" rating and a consensus price target of $130.20, despite JPMorgan's recent upgrade to a $164 target. * PACCAR exceeded quarterly expectations, reporting $1.43 in EPS versus $1.36 expected and revenue of $7.55 billion versus $7.05 billion estimated. * MarketBeat previews the top five stocks to own by August 1st. PACCAR (NASDAQ:PCAR - Get Free Report) had its target price boosted by investment analysts at Wells Fargo & Company from $125.00 to $157.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target points to a potential upside of 18.47% from the stock's current price. Other research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of PACCAR from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, May 21st. JPMorgan Chase & Co. boosted their target price on shares of PACCAR from $155.00 to $164.00 and gave the company an "overweight" rating in a research report on Wednesday. Evercore set a $139.00 target price on PACCAR in a report on Monday, May 11th. Truist Financial boosted their target price on shares of PACCAR from $126.00 to $131.00 and gave the company a "hold" rating in a research note on Thursday, July 2nd. Finally, Morgan Stanley set a $119.00 target price on PACCAR in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $130.20. PACCAR stock performance. Shares of NASDAQ:PCAR traded down $1.34 during trading on Thursday, reaching $132.53. The stock had a trading volume of 636,584 shares, compared to its average volume of 3,151,533. The firm has a market capitalization of $69.75 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 1.27 and a beta of 0.97. The stock has a fifty day simple moving average of $120.46 and a two-hundred day simple moving average of $120.68. 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 has a 52 week low of $92.25 and a 52 week high of $139.24. PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The firm had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The business's revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts anticipate that PACCAR will post 5.66 earnings per share for the current fiscal year. Institutional trading of PACCAR. Several hedge funds have recently made changes to their positions in PCAR. Nomura Asset Management Co. Ltd. grew its holdings in PACCAR by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 413,489 shares of the company's stock worth $45,281,000 after acquiring an additional 9,524 shares in the last quarter. Merit Financial Group LLC boosted its position in PACCAR by 165.8% in the 4th quarter. Merit Financial Group LLC now owns 24,319 shares of the company's stock valued at $2,663,000 after buying an additional 15,169 shares during the period. Vanguard Group Inc. increased its stake in PACCAR by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 63,475,226 shares of the company's stock valued at $6,951,172,000 after purchasing an additional 363,782 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PACCAR by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 12,308,610 shares of the company's stock worth $1,350,867,000 after purchasing an additional 50,622 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its stake in shares of PACCAR by 118.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 638,688 shares of the company's stock valued at $69,943,000 after purchasing an additional 345,937 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider PACCAR, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PACCAR wasn't on the list. While PACCAR currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. 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Paccar to keep selling current heavy-duty truck engines in '27. OEM to meet customer requests as EPA NOx fallout escalates. Staff Reporter July 29, 2026 12:49 PM, EDT Key takeaways: Paccar will continue to sell current heavy-duty truck engine configurations that do not meet incoming emissions regulations, executives said, staggering the introduction of model-year 2027 engines as at least one of its peers already committed to doing. The parent company of Kenworth and Peterbilt - which saw a jump in profit and truck sales in the second quarter of 2026 - expects the slower than previously expected introduction of model-year 2027 engines to boost sales in 2027, Paccar CEO Preston Feight and President Kevin Baney said July 28. A Biden-era requirement that nitrogen oxide emissions for heavy-duty trucks fall to 35 milligrams per horsepower-hour from 200 mg/hp-hr will become effective Jan. 1, but OEMs were offered wiggle room by the Trump administration on implementation, noncompliance penalties and NOx credits. "We are planning on selling the current product to our customers. That's the engagement we've had with many, many customers that that's their preferred approach is to ease into this thing," Feight told analysts during the truck maker's second-quarter earnings call. Nonconformance penalties (NCPs) will be a key factor, the executives said, agreeing with analysts that an additional cost of $8,000 to $10,000 for a newer model engine adhering to the stricter emissions rules would be trumped by expected NCP prices of between $6,000 and $7,000. Paccar's decision mirrors Cummins' plans to stagger the introduction of two model-year 2027 engines that meet the tighter emissions standards after reviewing the draft Environmental Protection Agency regulations announced July 9. Traton Group, parent company of International Motors, is investigating phasing in its model-year 2027 engines, CEO Christian Levin said during the Volkswagen Group unit's Q2 earnings call July 23. Levin also offered context for the changes, noting that uncertainty lingered while the regulations remained in draft form just five months before they are scheduled to become effective - a status he termed "bothersome." Paccar CEO Preston Feight (left) and ATA President Chris Spear listen as EPA Administrator Lee Zeldin discusses the nitrogen-oxide emissions proposal. (American Trucking Associations) However, Paccar said a brighter truck demand outlook in 2027 will build on existing momentum in sales. Paccar's global third-quarter 2026 sales are expected to grow to around 42,000 trucks even as build rate increases are partially offset by the normal European summer shutdown, Feight said. Paccar is also the parent company of DAF, which is headquartered in Eindhoven, Netherlands. Bellevue, Wash.-based Paccar's global truck deliveries totaled 38,700 units in Q2, down 1.5% compared with 39,300 in the year-ago period but up 16.9% compared with 33,100 in the first three months of 2026. Truck sales in the U.S. and Canada in the most recent quarter totaled 22,000 vehicles, a decrease of 4.3% compared with 23,000 in the same period a year earlier but up 23.6% compared with 17,800 trucks in Q1 2026. Brad Gulick of Eaton Mobile Power Group discusses hydraulic systems that power trucks. He addresses dump pump sizing and more. Tune in above or by going to RoadSigns.ttnews.com. Still, Paccar's forecast for industrywide U.S. and Canada Class 8 truck retail sales remained unchanged at a range between 230,000 and 270,000 trucks in 2026. But the jump in sales aided Paccar's margins and profit, with the gross margin increasing to 14.4% from 13.1% a year earlier. Paccar posted net income of $752 million in Q2, a 3.9% increase compared with $723.8 million in the same period a year earlier. Q2 sales and financial services revenues totaled $7.55 billion compared with $7.51 billion in the 2025 period. "Customers are benefiting from higher freight rates due to constrained industry freight capacity. Fleet age has increased as well, providing an opportunity for customers to refresh their fleets with newer, more fuel-efficient trucks," said John Rich, Paccar executive vice president and chief technology officer. Some 90% of Kenworth and Peterbilt's build slots for the rest of 2026 are filled even though the OEMs' build rates were expanded earlier in the year. That appetite for additional trucks is also offering Paccar more flexibility on pricing, executives said.

PACCAR reported second-quarter 2026 revenues of $7.5 billion and net income of $752 million, marking a 24% increase from the first quarter. The truck manufacturer's strong performance was driven by increased production across its factories worldwide. PACCAR Parts achieved record quarterly revenues of $1.75 billion with pre-tax income of $417 million. PACCAR Financial generated pre-tax income of $124 million. The company projects the 2026 US and Canadian heavy truck market will reach approximately 250,000 units, with first-half retail sales of 105,000 trucks and an expected second-half total of around 145,000 units. PACCAR estimates the European above-16-ton truck market will reach roughly 310,000 trucks in 2026. Chief Executive Officer Preston Feight credited the company's employees for increasing production whilst maintaining quality standards.