PACCAR Inc (PCAR) : Merriman Wealth Management added new position in PACCAR Inc during the most recent quarter end. The investment management firm now holds 52,062 shares of PACCAR Inc which is valued at $2,713,471 , the company said in a statement filed on Jul 8, 2016 with the SEC.PACCAR Inc makes up approximately 0.76% of Merriman Wealth Management’s portfolio.
Other Hedge Funds, Including , Washington Trust Bank boosted its stake in PCAR in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,809,575 shares of PACCAR Inc which is valued at $94,315,049. PACCAR Inc makes up approx 24.17% of Washington Trust Bank’s portfolio.Next Financial Group Inc boosted its stake in PCAR in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 225 shares of PACCAR Inc which is valued at $11,727.Bnp Paribas Arbitrage Sa reduced its stake in PCAR by selling 74,393 shares or 63.12% in the most recent quarter. The Hedge Fund company now holds 43,467 shares of PCAR which is valued at $2,265,500. PACCAR Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Integrated Investment Consultants sold out all of its stake in PCAR during the most recent quarter. The investment firm sold 370 shares of PCAR which is valued $18,678.
PACCAR Inc closed down -0.24 points or -0.44% at $53.9 with 16,73,266 shares getting traded on Wednesday. Post opening the session at $54.47, the shares hit an intraday low of $53.66 and an intraday high of $54.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, PACCAR Inc reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.96. The company had revenue of $4010.60 million for the quarter, compared to analysts expectations of $4051.19 million. The company’s revenue was down -11.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.06 EPS.
Many Wall Street Analysts have commented on PACCAR Inc. PACCAR Inc was Downgraded by JP Morgan to ” Underweight” on Jun 27, 2016. PACCAR Inc was Downgraded by Goldman to ” Neutral” on Jun 3, 2016. PACCAR Inc was Upgraded by BofA/Merrill to ” Buy” on May 9, 2016.
PACCAR Inc is a company operating in three principal industry segments: the Truck segment includes the design manufacture and distribution of light- medium- and heavy-duty commercial trucks; the Parts segment includes the distribution of aftermarket parts for trucks and related commercial vehicles and the Financial Services segment includes finance and leasing products and services provided to customers and dealers in the United States Canada Mexico Europe and Australia. The Company also operates in Australia and Brazil and sells trucks and parts to customers in Asia Africa Middle East and South America. The Companys trucks are marketed under the Kenworth Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.