PACCAR Inc (PCAR) has experienced fluctuations in its stock performance alongside overall market changes.
Nordea Investment Management AB sold over 1.4 million shares, while
Insight Wealth Strategies LLC and
Sanctuary Advisors LLC boosted their holdings.
PACCAR's stock has periodically outperformed and underperformed the market, with notable Q3 earnings and revenues exceeding estimates. Despite a significant Q3 drop, the stock managed to soar amid some market gains. The company announced a
$3.00 special dividend after strong divisional performance and achieved exceptional quarterly revenues and profits. Forecasts for strong price appreciation have been made, despite underperformance and a Q2 pre-tax profit from the Trucks Unit below estimates. The stock responded favourably to the CEO's appointment on the
Deere Board of Directors. However, it suffered from the recall of over 220,000 US vehicles due to electronic system issues. The stock dipped due to lower deliveries, despite Q3 earning estimates being met. The firm predicts a moderate growth outlook, experiencing fluctuations, with
Goldman Sachs cutting EPS estimates because of higher truck and parts inflation in Q3 results. Nonetheless, its Q3 Revenue of $8.24 billion and EPS of $1.85 surpassed expectations, with the firm setting a regular dividend at 30 cents per share.
Paccar PCAR News Analytics from Mon, 01 Apr 2024 07:00:00 GMT to Fri, 10 Jan 2025 08:30:01 GMT -
Rating -2
- Innovation 3
- Information -1
- Rumor -4
