PACCAR Inc. (PCAR) has seen a significant shift in stock ownership, with several wealth management groups, investment businesses, national banks and various advisors modulating their positions. Increased holdings were reported by
Swedbank AB and
IFM Investors Pty Ltd while, others like
Aaron Wealth Advisors and
Sumitomo Mitsui DS Asset Management decreased their shares.
Goldman Sachs Group and
Jones Financial Companies Lllp notably invested heavily, purchasing hundreds of thousands of shares. Recently, despite slight market gains, Paccar's stock value dipped, which could be attributed to Q2 earnings reports and other key metrics which were expected to reveal a slowdown in the company's growth. Post Q2 earnings, PCAR shares fell, missing sales targets. However,
PCAR's Parts Division achieved a record $1.72B revenue despite challenges in truck sales. Currently, questions linger about
PACCAR's value as some analysts suggest the stocks are undervalued, yet the wider perspective remains somewhat bearish with anticipation of volatility over the next few quarters. The consensus recommendation for the company from brokerages is a 'Moderate Buy.'
Paccar PCAR News Analytics from Tue, 07 Jan 2025 08:00:00 GMT to Sat, 20 Sep 2025 10:03:44 GMT -
Rating -3
- Innovation 0
- Information 5
- Rumor -2
