Allspring Global Investments Holdings LLC Sells Shares of PACCAR

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PACCAR ($NASDAQ:PCAR) Inc is a leading manufacturer of heavy duty trucks. Allspring Global Investments Holdings LLC sold shares of PACCAR Inc. on Tuesday, March 3rd. PACCAR Inc has a long history of innovative design and manufacturing excellence.

The company’s trucks are known for their durability, reliability, and fuel efficiency. PACCAR Inc‘s products are used in a variety of applications, including long-haul trucking, construction, and logging.

Price History

PACCAR Inc. stock opened at $90.6 and closed at $90.7. The company has received mostly positive media exposure recently.

VI Analysis

The company’s fundamentals reflect its long term potential. The company has strong asset, dividend, profitability, and medium growth potential. The company is classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. The company has a high health score of 8/10 considering its cashflows and debt, is capable to safely ride out any crisis without the risk of bankruptcy.

VI Peers

PACCAR Inc is one of the world’s leading truck manufacturers. The company’s main competitors are Oshkosh Corp, Daimler Truck Holding AG, Caterpillar Inc. PACCAR Inc manufactures and sells a wide range of trucks and related parts and services. The company operates in three segments: Truck, Parts, and Financial Services. PACCAR Inc is headquartered in Bellevue, Washington, and has manufacturing facilities in the United States, Mexico, Australia, the Netherlands, and the United Kingdom.

– Oshkosh Corp ($NYSE:OSK)

Oshkosh Corporation is a leading manufacturer and marketer of access equipment, specialty vehicles and vehicle bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire & emergency. Oshkosh Corporation manufactures, sells and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®.

– Daimler Truck Holding AG ($OTCPK:DTRUY)

Daimler Truck Holding AG is a holding company that provides trucks and services for the transportation sector. The company has a market capitalization of 21.1 billion as of 2022 and a return on equity of 8.52%. Daimler Truck Holding AG operates in three segments: Daimler Trucks, Daimler Buses, and Daimler Financial Services. The company offers a range of trucks for different applications, including heavy-duty trucks, medium-duty trucks, and light-duty trucks. Daimler Truck Holding AG also provides financing, leasing, and insurance services for its customers.

– Caterpillar Inc ($NYSE:CAT)

Caterpillar Inc.’s market capitalization is 97.35 billion as of 2022. Its return on equity is 33.83%. The company manufactures construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. It also provides financing and leasing services through its subsidiaries.

Summary

PACCAR Inc is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced diesel engines, provides financial services and information technology, and distributes truck parts related to its principal business. The company’s trucks are used in a variety of applications, including over-the-road haulage, construction, distribution, agriculture, mining and logging. PACCAR’s commitment to quality, customer satisfaction and environmental leadership has resulted in the company’s products being recognized with numerous awards over the years, including the J.D. Power and Associates Initial Quality Award and the Truck Dealer of the Year award. PACCAR Inc is a publicly traded company with its shares listed on the Nasdaq Stock Market under the ticker symbol PCAR.

Investing in PACCAR Inc could offer investors exposure to a global leader in the design and manufacture of trucks. The company’s strong market position and commitment to quality could provide potential for growth in the future. PACCAR also has a history of paying dividends to shareholders, which could provide income for investors.