Mediolanum International Funds and
Perigon Wealth Management have increased their position in
PACCAR Inc, purchasing significant shares.
Record revenues and
strategic growth were highlights of PACCAR's Q4 2024 Earnings call. Despite market headwinds, the company has sustained a
86-Year profit streak. There has been volatility in the stock’s performance with various investment firms adjusting their holdings.
Robeco Institutional Asset Management and
Foster & Motley reduced their shares in PACCAR, indicating possibly a mixed outlook among investors. The company underperformed its Q4 earnings and revenue estimates, causing a drop in stock prices, however, it then posted better-than-expected profits in the parts unit. In addition to developing its infrastructure and tech, PACCAR continued to reward its investors by declaring a massive $3.00 special dividend. The company also boosted its
quarterly dividend by 10% to $0.33. Notwithstanding, PACCAR ended Q4 with revenues of $7.91 billion, exceeding market expectations.
Paccar PCAR News Analytics from Tue, 03 Sep 2024 07:00:00 GMT to Sat, 01 Feb 2025 11:26:15 GMT -
Rating -2
- Innovation 5
- Information 1
- Rumor -7
