PACCAR Inc (NASDAQ:PCAR), a leader in the manufacture of premium trucks, witnessed significant activities across different factions. Several institutions, including
Glenmede Trust Co. NA,
Zurcher Kantonalbank Zurich Cantonalbank, and
UBS AM, a unit of UBS ASSET MANAGEMENT AMERICAS LLC, lessened their holdings. Similarly, holdings in PACCAR were also reduced by
Bank of Montreal and
Fmr LLC. However, the company also attracted new investors -
Isthmus Partners LLC purchased more than 63,000 PACCAR shares, positioning itself as an important player to consider.
PACCAR's Q3 earnings surpassed estimates with strong financial performance. Despite increased performance,
PACCAR's stock experienced a minor dip attributed to lower deliveries. Investor interest remains high, with purchases by major entities like the
Healthcare of Ontario Pension Plan Trust Fund,
Daiwa Securities Group Inc, and others.
PACCAR recently divested PACCAR Winch Inc to Black Phoenix Grou and announced excellent quarterly revenues and profits. However, Q2 pre-tax profits from the Trucks Unit lagged estimates, affecting the stock's performance.
Paccar PCAR News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Sat, 30 Nov 2024 11:10:02 GMT -
Rating 6
- Innovation -2
- Rumor -3
