Worth Watching: Paccar Inc (NASDAQ:PCAR) Institutional Investors Sentiment Index Flat in Q2 2016

November 28, 2016 - By Clifton Ray   ·   0 Comments

Worth Watching: Paccar Inc (NASDAQ:PCAR) Institutional Investors Sentiment Index Flat in  Q2 2016

Sentiment for Paccar Inc (NASDAQ:PCAR)

Paccar Inc (NASDAQ:PCAR) institutional sentiment decreased to 1.06 in Q2 2016. Its down -0.06, from 1.12 in 2016Q1. The ratio dropped, as 208 funds increased or opened new stock positions, while 186 reduced and sold stakes in Paccar Inc. The funds in our partner’s database reported: 212.86 million shares, down from 222.22 million shares in 2016Q1. Also, the number of funds holding Paccar Inc in their top 10 stock positions decreased from 5 to 4 for a decrease of 1. Sold All: 39 Reduced: 147 Increased: 158 New Position: 50.

PACCAR Inc is a global technology firm engaged in the design, manufacture and customer support of trucks. The company has a market cap of $21.74 billion. The Firm operates in three divisions: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to clients and dealers. It has a 37.78 P/E ratio. PACCAR’s other businesses include a division of the Company, which makes industrial winches in over two the United States plants and markets them under the Braden, Carco and Gearmatic nameplates.

The stock closed at $62 during the last session. It is down 10.62% since April 25, 2016 and is uptrending. It has outperformed by 4.60% the S&P500.

Analysts await PACCAR Inc (NASDAQ:PCAR) to report earnings on February, 3. They expect $0.87 earnings per share, down 11.22% or $0.11 from last year’s $0.98 per share. PCAR’s profit will be $305.06 million for 17.82 P/E if the $0.87 EPS becomes a reality. After $0.98 actual earnings per share reported by PACCAR Inc for the previous quarter, Wall Street now forecasts -11.22% negative EPS growth.

According to Zacks Investment Research, “PACCAR Inc. is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition, the Bellevue, Washington-based company manufactures industrial winches under the Braden, Gearmatic and Carco nameplates. (Company Press Release)”

Washington Trust Bank holds 24.3% of its portfolio in PACCAR Inc for 1.81 million shares. Thompson Rubinstein Investment Management Inc Or owns 282,971 shares or 5.71% of their US portfolio. Moreover, Dudley & Shanley Llc has 5.03% invested in the company for 425,320 shares. The Washington-based First Washington Corp has invested 4.78% in the stock. Valueworks Llc, a New York-based fund reported 83,919 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 7 selling transactions for $9.94 million net activity.

PACCAR Inc (NASDAQ:PCAR) Ratings Coverage

Ratings analysis reveals 26% of Paccar Inc’s analysts are positive. Out of 19 Wall Street analysts rating Paccar Inc, 5 give it “Buy”, 3 “Sell” rating, while 11 recommend “Hold”. The lowest target is $42 while the high is $85. The stock’s average target of $59.33 is -4.31% below today’s ($62) share price. PCAR was included in 40 notes of analysts from July 30, 2015. Zacks downgraded the shares of PCAR in a report on Monday, August 31 to “Buy” rating. The stock has “Outperform” rating given by Robert W. Baird on Wednesday, April 27. The company was maintained on Wednesday, October 28 by Macquarie Research. The firm has “Neutral” rating by JP Morgan given on Monday, March 14. The firm has “Underweight” rating by Barclays Capital given on Wednesday, July 27. The firm has “Underperform” rating by Longbow given on Tuesday, July 19. The firm earned “Equal Weight” rating on Friday, July 31 by Morgan Stanley. Robert W. Baird downgraded the shares of PCAR in a report on Monday, January 4 to “Neutral” rating. UBS downgraded PACCAR Inc (NASDAQ:PCAR) on Tuesday, October 20 to “Neutral” rating. The rating was maintained by RBC Capital Markets on Wednesday, October 28 with “Outperform”.

PCAR Company Profile

PACCAR Inc (PACCAR), incorporated on November 19, 1971, is a global technology firm engaged in the design, manufacture and customer support of trucks. The Firm operates in three divisions: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to clients and dealers. PACCAR’s other businesses include a division of the company, which makes industrial winches in over two the United States plants and markets them under the Braden, Carco and Gearmatic nameplates.

Another recent and important PACCAR Inc (NASDAQ:PCAR) news was published by Nasdaq.com which published an article titled: “PACCAR Inc. (PCAR) Ex-Dividend Date Scheduled for November 16, 2016” on November 15, 2016.

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By Clifton Ray


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