Everence Capital Management Inc adds PACCAR Inc (PCAR) to its portfolio

PACCAR Inc (PCAR) : Everence Capital Management Inc added new position in PACCAR Inc during the most recent quarter end. The investment management firm now holds 3,666 shares of PACCAR Inc which is valued at $207,092 , the company said in a statement filed on Apr 21, 2016 with the SEC.PACCAR Inc makes up approximately 0.06% of Everence Capital Management Inc’s portfolio.

PACCAR Inc opened for trading at $59.93 and hit $60.86 on the upside on Wednesday, eventually ending the session at $60.23, with a gain of 2.21% or 1.3 points. The heightened volatility saw the trading volume jump to 44,10,610 shares. Company has a market cap of $21,171 M.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in PCAR by selling 83 shares or 43.01% in the most recent quarter. The Hedge Fund company now holds 110 shares of PCAR which is valued at $6,214. Monroe Bank Trustmi added PCAR to its portfolio by purchasing 93 company shares during the most recent quarter which is valued at $5,188.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in PCAR in the latest quarter, The investment management firm added 10,617 additional shares and now holds a total of 83,341 shares of PACCAR Inc which is valued at $4,648,761. PACCAR Inc makes up approx 0.11% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Filament reduced its stake in PCAR by selling 1,270 shares or 16.27% in the most recent quarter. The Hedge Fund company now holds 6,535 shares of PCAR which is valued at $344,525. PACCAR Inc makes up approx 0.17% of Filament’s portfolio.

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. Company shares were Upgraded by Robert W. Baird on Apr 27, 2016 to ” Outperform”, Firm has raised the Price Target to $ 66 from a previous price target of $62 .Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 53 from a previous price target of $52 .PACCAR Inc was Downgraded by Macquarie to ” Neutral” on Apr 11, 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 Company’s trucks are marketed under the Kenworth Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.

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