The market has observed strategic moves around PACCAR Inc (NASDAQ:PCAR), involving significant buying, selling, and divesting of shares among a spectrum of investors and company executives. Despite market fluctuations, the company managed to extend its profit streak to 86-years, a remarkable testament to its resilience. The fourth quarter of 2024 brought about record revenues and strategic growth, despite share sell-offs by ING Groep NV and Kentucky Retirement Systems Insurance Trust Fund among others. A number of institutions increased their stake, including but not limited to Paradigm Asset Management, McDaniel Terry & Co, CIBC Asset Management while others like Allspring Global Investments Holdings and Certuity LLC opted to reduce their stake. The company's CFO sold off significant shares worth over $3 million. Two multi-million dollar sell-offs by the top executive raised eyebrows. Analysts believe the stock is undervalued, even though it had a lag in Q4 earnings and fell in Q3. The company announced a massive $3 special dividend following strong performance across divisions. Looking forward to 2026, one analyst predicts the company will generate over 5% dividend yield.
Paccar PCAR News Analytics from Tue, 23 Jul 2024 07:00:00 GMT to Sat, 22 Feb 2025 12:29:31 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor -5
