Paccar (PCAR), a renowned truck manufacturer, has seen various fluctuations in market performance recently. Despite several underperformances, the company managed to maintain its Q1
Earnings Beat Streak and also observed ascends amidst market downturns. Increasing
investment adjustments were noted as Tidal Investments LLC, Franklin Resources Inc., and Sanctuary Advisors LLC altered their positions in PACCAR. However, notable growth in holdings was noted by Orion Portfolio Solutions, Worldquant Millennium Advisors, and HighTower Advisors. Unfortunately,
electronic system issues have led to the recall of roughly 221,000 vehicles in the US. Despite this, the company managed to beat market returns and
Q3 earnings estimates. Several analysts have adjusted the company's price target, with Truist Financial raising it to $110. Despite a few dips, their Q3 2024 earnings call revealed
strong financial performance, demonstrating resilience amidst market challenges. However, potential investors should also be aware of some divestments, such as PACCAR's Winch Inc divestiture to Black Phoenix Group.
Paccar PCAR News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Fri, 20 Dec 2024 21:51:00 GMT -
