Is there a Bearish outlook for PACCAR Inc (NASDAQ:PCAR) this week?

November 10, 2018 - By Peter Kolinski

PACCAR Inc (NASDAQ:PCAR) LogoInvestors sentiment decreased to 0.98 in 2018 Q2. Its down 0.16, from 1.14 in 2018Q1. It is negative, as 52 investors sold PACCAR Inc shares while 158 reduced holdings. 54 funds opened positions while 151 raised stakes. 206.66 million shares or 3.53% less from 214.22 million shares in 2018Q1 were reported.
Cleararc Cap invested 0.08% of its portfolio in PACCAR Inc (NASDAQ:PCAR). 22,426 are held by Susquehanna Intl Gru Llp. 132,924 were reported by Northwestern Mutual Wealth Mgmt. Moreover, Stratos Wealth Prtnrs Limited has 0.05% invested in PACCAR Inc (NASDAQ:PCAR). Bancorp Of America De has 16.11M shares for 0.17% of their portfolio. Thrivent Financial For Lutherans holds 14,773 shares or 0% of its portfolio. Richard Bernstein Advsr Limited stated it has 73,155 shares. Moreover, Amf Pensionsforsakring Ab has 0.21% invested in PACCAR Inc (NASDAQ:PCAR) for 351,381 shares. Natixis has 0.04% invested in PACCAR Inc (NASDAQ:PCAR) for 108,283 shares. New York-based Garnet Equity Cap Holdg Inc has invested 3.22% in PACCAR Inc (NASDAQ:PCAR). Icon Advisers holds 17,000 shares. Plante Moran Advsr Limited Liability holds 724 shares. Mcdaniel Terry And Company holds 2.9% in PACCAR Inc (NASDAQ:PCAR) or 254,952 shares. Selway Asset Management accumulated 38,780 shares or 1.47% of the stock. Ny State Teachers Retirement has 0.08% invested in PACCAR Inc (NASDAQ:PCAR).

Since May 14, 2018, it had 0 insider purchases, and 1 sale for $635,200 activity.

PACCAR Inc (NASDAQ:PCAR) Ratings Coverage

Among 12 analysts covering Paccar Inc (NASDAQ:PCAR), 2 have Buy rating, 2 Sell and 8 Hold. Therefore 17% are positive. Paccar Inc had 15 analyst reports since May 30, 2018 according to SRatingsIntel. Macquarie Research upgraded PACCAR Inc (NASDAQ:PCAR) on Tuesday, June 5 to “Buy” rating. As per Wednesday, October 24, the company rating was maintained by JP Morgan. The stock of PACCAR Inc (NASDAQ:PCAR) has “Hold” rating given on Wednesday, May 30 by Goldman Sachs. Citigroup maintained it with “Neutral” rating and $62 target in Wednesday, October 24 report. The rating was maintained by Morgan Stanley on Wednesday, July 25 with “Underweight”. Credit Suisse maintained PACCAR Inc (NASDAQ:PCAR) on Wednesday, July 25 with “Neutral” rating. The stock of PACCAR Inc (NASDAQ:PCAR) earned “Market Perform” rating by BMO Capital Markets on Wednesday, July 18. As per Wednesday, October 24, the company rating was downgraded by Argus Research. As per Monday, July 2, the company rating was downgraded by Robert W. Baird. On Wednesday, October 24 the stock rating was upgraded by PiperJaffray to “Overweight”. Below is a list of PACCAR Inc (NASDAQ:PCAR) latest ratings and price target changes.

24/10/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $69 New Target: $60 Maintain
24/10/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $67 New Target: $62 Maintain
24/10/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $72 New Target: $63 Maintain
24/10/2018 Broker: Argus Research Old Rating: Buy New Rating: Hold Downgrade
24/10/2018 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight New Target: $67 Upgrade
18/10/2018 Broker: Loop Capital Rating: Hold New Target: $68 Initiates Coverage On
25/07/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $70 New Target: $69 Maintain
25/07/2018 Broker: Robert W. Baird Old Rating: Underperform New Rating: Underperform Old Target: $56 New Target: $59 Maintain
25/07/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $69 New Target: $64 Maintain
25/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $65 New Target: $67 Maintain

The stock decreased 2.52% or $1.51 during the last trading session, reaching $58.36. About 1.64 million shares traded. PACCAR Inc (NASDAQ:PCAR) has risen 4.81% since November 10, 2017 and is uptrending. It has underperformed by 10.81% the S&P500.

PACCAR Inc, together with its subsidiaries, designs, makes, and distributes light, medium, and heavy-duty commercial trucks worldwide. The company has market cap of $20.39 billion. It operates in three divisions: Truck, Parts, and Financial Services. It has a 9.98 P/E ratio. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

More recent PACCAR Inc (NASDAQ:PCAR) news were published by: Seekingalpha.com which released: “Paccar downgraded at Argus but Piper says buy” on October 24, 2018. Also Seekingalpha.com published the news titled: “PACCAR -2% after revenue miss” on October 23, 2018. Nasdaq.com‘s news article titled: “3 Top Dividend Stocks to Buy in November” with publication date: November 08, 2018 was also an interesting one.

PACCAR Inc (NASDAQ:PCAR) Institutional Positions Chart

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