In recent updates, Paccar (PCAR) has outperformed market returns and managed to sustain its profit streak for 86 years, despite market headwinds. Various financial institutions including Victory Capital Management Inc., Eliot Finkel Investment Counsel LLC, and Mengis Capital Management Inc. have however reduced their position in the company. Notably, PACCAR announced a massive $3.00 special dividend following strong performance across divisions. Q3 2024 saw strong financial performance but there were mixed results in Q4 of the same year with PACCAR exceeding market returns but lagging behind earnings and revenue estimates. Despite this, Zacks Research forecast strong earnings for PACCAR's Q3. Meanwhile, other investors have infused capital, with substantial shares being bought by Fisher Asset Management, Cullen Frost Bankers Inc., and SVB Wealth LLC, among others. There are positive predictions for Q2 earnings but with a warning that coming quarters may be volatile. Recent movements highlight a 6% rise since the last earnings report. More institutional investors like Empirical Finance and FourThought Financial Partners have grown their positions. Notwithstanding swings in the market, PACCAR seems to display resilience and financial strength.
Paccar PCAR News Analytics from Tue, 03 Sep 2024 07:00:00 GMT to Sat, 08 Mar 2025 13:02:45 GMT -
Innovation 8
- Information 7
- Rumor -2
