PACCAR Inc stock is trading -11.38% below its average target price of $120.58 after dropping -2.1% during today's afternoon session. Analysts are giving the Large-Cap Auto Manufacturers company an average rating of hold and target prices ranging from $97.22 to $147.0 per share.
The stock has an average amount of shares sold short at 2.1%, and a short ratio of 3.61. The company's insiders own 1.86% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 68.7% of PACCAR Inc's shares being owned by this investor type.
Institutions Invested in PACCAR Inc
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 12% | 61,680,353 | $6,591,162,559 |
| 2024-03-31 | Blackrock Inc. | 7% | 37,618,269 | $4,019,888,248 |
| 2023-12-31 | State Street Corporation | 4% | 21,639,073 | $2,312,351,353 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 12,625,245 | $1,349,133,688 |
| 2023-12-31 | FMR, LLC | 2% | 12,084,007 | $1,291,296,995 |
| 2023-12-31 | Bank of America Corporation | 2% | 11,055,596 | $1,181,400,995 |
| 2023-12-31 | Massachusetts Financial Services Co. | 1% | 7,813,702 | $834,972,200 |
| 2023-12-31 | Morgan Stanley | 1% | 6,461,963 | $690,525,370 |
| 2023-12-31 | Northern Trust Corporation | 1% | 5,304,143 | $566,800,724 |
| 2024-03-31 | Dimensional Fund Advisors LP | 1% | 5,244,320 | $560,408,038 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on PACCAR Inc.
