4. PACCAR (PCAR - Get Report) engages in the design, manufacture and support of light, medium and heavy-duty trucks under the Kenworth, Peterbilt and DAF brands. Broadly, the company's major operating segments are design, manufacture, and distribution of light-, medium- and heavy-duty trucks and related aftermarket parts, finance and leasing products and services to customers and dealers.
Net sales for the first quarter of 2011 came in at $3.04 billion as compared to $1.98 billion in the same quarter of the earlier year. Net income for the current quarter more than doubled to $193.3 million or 53 cents per share from $68.3 million or 19 cents per share in year-ago quarter.
PACCAR Leasing Company, part of the PACCAR group, continues to expand its franchise network in North America with the addition of four locations in the U.S., in an effort to find more ways to serve its customers and markets. In mid-May, the company went ex-dividend and paid a dividend of 12 cents per share.PACCAR recently said that it plans to invest almost $200 million over a span of two years in Brazil to build a truck manufacturing plant to cater to the strong demand in the region. The plant would produce three models of trucks under its DAF nameplate. Of the 19 analysts covering the stock, 37% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. According to Bloomberg consensus, the stock is expected to gain an average 26.4% to $60.31 over the next 12 months.