PACCAR (PCAR) stock performances have been showcasing mixed trends; rising by 6% since the last earnings report and also facing some underperformance in the market. Various investment groups like Charles Schwab Investment Management Inc., Massachusetts Financial Services Co., and LGT Capital Partners have increased their stock holdings in PACCAR, indicating a positive sentiment towards the company. Substantial share purchases were also observed by Advisors Asset Management Inc. and Kinsale Capital Group Inc. Simultaneously, a few investment firms, such as Mizuho Securities USA, Navellier & Associates, and Los Angeles Capital Management have reduced their stake in PCAR indicating volatility. Q3 earnings and revenues of PACCAR exceeded market estimates driving the stocks higher; yet, Q3 sales report caused a dip in the stock price due to lower deliveries. Atria Investments and ING Groep NV lowered their holdings in PACCAR amidst this fluctuation. CEO of the company, R. Preston Feight has joined the Deere board. Notably, the future outlook extends to 2025 with PACCAR leaders anticipating sales beginning slow before gaining momentum.
Paccar PCAR News Analytics from Mon, 01 Apr 2024 07:00:00 GMT to Sat, 23 Nov 2024 14:08:19 GMT -
Rating 2
- Innovation 0
- Information 6
- Rumor -3
