Paccar (PCAR) the International powerhouse in the automotive industry recently demonstrated a volatile performance that outpaced the market.
Epoch Investment Partners Inc., Intech Investment Management LLC, Skandinaviska Enskilda Banken AB publ, and
MQS Mangement LLC, among others, have raised their holdings in PACCAR, reflecting a bullish stand on the stock.
Zega Financial LLC acquired over 10,000 shares of PCAR, while
Renaissance Technologies LLC bought an impressive 859,116 shares. Despite this, Q2 pre-tax profit from PACCAR's truck unit fell short of analysts’ estimates.
Paccar’s Q2 earnings and revenues missed estimates though they were in line with expectations as per some reports.
Quantbot Technologies LP and
Vest Financial LLC hold $6.20 million and $21.32 million positions respectively, in PACCAR, with analysts displaying a bullish stance on the truck manufacturer. However, the Q2 earnings of $2.13 missed estimates, pushing PCAR stocks to decline. Despite the dip, PACCAR announced a $0.30 quarterly
dividend. The
LSV Asset Management and
Dai ichi Life Insurance Company Ltd changed positions in PACCAR. Paccar shares dipped following the release of Q2 earnings, but reported a net income of $1.4 billion. However, future speculations reflect mixed sentiments.
Paccar PCAR News Analytics from Thu, 26 Jan 2023 08:00:00 GMT to Sun, 22 Sep 2024 14:43:27 GMT -
Rating 3
- Innovation 6
- Information 9
- Rumor -4
