Could Paccar Inc (NASDAQ:PCAR) See a Reversal After More Sellers Came In?

August 9, 2018 - By Matthew Richard

PACCAR Inc (NASDAQ:PCAR) Logo

Investors sentiment decreased to 1.14 in Q1 2018. Its down 0.26, from 1.4 in 2017Q4. It turned negative, as 48 investors sold PACCAR Inc shares while 155 reduced holdings. 69 funds opened positions while 162 raised stakes. 214.22 million shares or 0.22% less from 214.70 million shares in 2017Q4 were reported.
Louisiana State Employees Retirement Systems owns 21,500 shares. 9,201 were reported by Dorsey Whitney Co Ltd Limited Liability Company. Two Sigma Limited Co invested in 13,556 shares. Stratos Wealth Prtn reported 16,796 shares. Brighton Jones Ltd Company stated it has 0.46% of its portfolio in PACCAR Inc (NASDAQ:PCAR). Voya Investment Mngmt Ltd Liability holds 0.03% in PACCAR Inc (NASDAQ:PCAR) or 177,450 shares. Carroll Finance Assoc reported 0% of its portfolio in PACCAR Inc (NASDAQ:PCAR). Lvm Cap Mngmt Ltd Mi holds 0.05% or 3,062 shares in its portfolio. Finance Advisers Ltd Liability holds 618,860 shares. Moreover, Laurion Capital Mgmt L P has 0.01% invested in PACCAR Inc (NASDAQ:PCAR) for 11,895 shares. Aperio Group Inc Limited Liability Corp has 0.07% invested in PACCAR Inc (NASDAQ:PCAR). Lvw Advsrs Ltd Co stated it has 15,547 shares. Cleararc Cap has 0.09% invested in PACCAR Inc (NASDAQ:PCAR) for 8,972 shares. Dupont Capital Mngmt Corp has invested 0.19% in PACCAR Inc (NASDAQ:PCAR). Brandywine Inv Management Limited Liability Company, a Pennsylvania-based fund reported 339,200 shares.

Since February 16, 2018, it had 1 insider purchase, and 3 insider sales for $2.09 million activity. 10,000 shares were sold by DOZIER C MICHAEL, worth $635,200. 9,964 PACCAR Inc (NASDAQ:PCAR) shares with value of $644,550 were sold by Quinn T. Kyle.

The stock of Paccar Inc (NASDAQ:PCAR) registered an increase of 0.31% in short interest. PCAR’s total short interest was 8.73M shares in August as published by FINRA. Its up 0.31% from 8.71M shares, reported previously. With 2.83M shares average volume, it will take short sellers 3 days to cover their PCAR’s short positions. The short interest to Paccar Inc’s float is 2.54%.

The stock decreased 0.31% or $0.2 during the last trading session, reaching $64.24. About 167,809 shares traded. PACCAR Inc (NASDAQ:PCAR) has risen 6.67% since August 9, 2017 and is uptrending. It has underperformed by 5.90% 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 $22.52 billion. It operates in three divisions: Truck, Parts, and Financial Services. It has a 10.98 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.

PACCAR Inc (NASDAQ:PCAR) Ratings Coverage

Among 16 analysts covering Paccar Inc (NASDAQ:PCAR), 2 have Buy rating, 3 Sell and 11 Hold. Therefore 13% are positive. Paccar Inc had 24 analyst reports since February 22, 2018 according to SRatingsIntel. The stock of PACCAR Inc (NASDAQ:PCAR) has “Neutral” rating given on Wednesday, July 25 by Credit Suisse. As per Wednesday, April 25, the company rating was maintained by BMO Capital Markets. Longbow upgraded the stock to “Buy” rating in Tuesday, March 6 report. The stock has “Hold” rating by Wells Fargo on Wednesday, April 25. On Wednesday, May 30 the stock rating was downgraded by Goldman Sachs to “Hold”. Wells Fargo maintained the stock with “Hold” rating in Thursday, February 22 report. The stock of PACCAR Inc (NASDAQ:PCAR) has “Neutral” rating given on Wednesday, April 25 by Credit Suisse. The stock of PACCAR Inc (NASDAQ:PCAR) earned “Underweight” rating by Morgan Stanley on Wednesday, July 25. As per Wednesday, April 25, the company rating was maintained by Robert W. Baird. Deutsche Bank downgraded the stock to “Sell” rating in Monday, March 19 report.

Another recent and important PACCAR Inc (NASDAQ:PCAR) news was published by Seekingalpha.com which published an article titled: “PACCAR +2% on earnings beat” on July 24, 2018.

PACCAR Inc (NASDAQ:PCAR) Institutional Positions Chart

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