PACCAR Inc(PCAR) has witnessed several dynamic financial activities recently, with various entities, including Illinois Municipal Retirement Fund, Mengis Capital Management Inc., and QRG Capital Management Inc., reducing their holdings. On the contrary, investors such as Flputnam Investment Management Co., Oppenheimer Asset Management Inc., and National Pension Service increased their stakes in the company. Despite recent market headwinds, the company boasts an 86-year profit streak and boosted its quarterly dividend to $0.33. The financial forecast for PACCAR sees increased revenue generation and a record-breaking annual revenue and net income despite a number of shares being sold by executive individuals. Moreover, experts foresee an undervaluation of PACCAR's stocks, and JPMorgan Chase & Co predicts a significant price appreciation for the company's stock. Regardless, cautious investor sentiments prevail due to reported recalls over electronic system issues in their truck units and expected volatility in the coming quarters.
Paccar PCAR News Analytics from Tue, 23 Jul 2024 07:00:00 GMT to Sat, 01 Mar 2025 10:38:39 GMT -
Rating -4
- Innovation -2
- Information 7
- Rumor -3
