Avanza Fonder AB and Decker Retirement Planning Inc. have acquired new holdings in PACCAR Inc (NASDAQ:PCAR). Retireful LLC has invested $716,000, while Brookstone Capital Management and Czech National Bank acquired shares of the company. On the other hand, Burney Co. and International Assets Investment Management LLC sold PACCAR shares, signaling a mix investor sentiments. PACCAR share prices have been volatile, with frequent ascents and dips. However, last earnings reported showed a significant rise with analysts from Truist and JP Morgan Chase forecasting price appreciation. Although some market experts recommend a 'Hold' on PACCAR due to the expected short-term weakness, the company's strong financial performance and positive Q3 earnings are notable. PACCAR faces electronic system issues, triggering a recall of 220,972 vehicles, but maintains robust dividend growth potential. Despite higher truck and parts inflation highlighted by Goldman Sachs, an upgrade from Evercore signals anticipation of higher demand and profitability. PACCAR leadership sees class 8 sales progressing through 2025 and is considered to hold value for investors.
Paccar PCAR News Analytics from Mon, 01 Apr 2024 07:00:00 GMT to Sat, 18 Jan 2025 14:58:32 GMT - Rating 6 - Innovation 5 - Information 8 - Rumor -3
