Shares in
Paccar Inc. (PCAR) faced volatility and downward pressure during Q2. Institutions including
SG Americas Securities LLC and
CX Institutional offloaded stocks, however,
Cetera Investment Advisors and
Manning & Napier Advisors LLC increased their holdings. The Q2 performance by Paccar Inc has been described as in line with expectations, however, the
pre-tax profit from the trucks unit missed estimates. This disappointing outcome was further exacerbated by negative comments from
Zacks Research on Paccar Inc's Q3 2024 performance. Despite this, some analysts still recommend holding Paccar Inc. stocks for the long term, citing its solid
dividend output. The company's
international revenue performance is being examined, with a persistent underperformance against market movements capturing interest. Meanwhile,
Paccar's CEO R Preston Feight sold 27,834 shares of stock, leading to more speculation about the company's position. Despite this, Paccar Inc reported strong Q1 2024 earnings, surpassing analyst expectations, and posted record annual revenues and net income for 2023.
Paccar PCAR News Analytics from Fri, 12 Jan 2024 05:22:26 GMT to Sun, 11 Aug 2024 16:28:40 GMT -
Rating -3
- Innovation 5
- Information 7
- Rumor 4
