PACCAR (PCAR) is Downgraded by Robert W. Baird to Neutral according to the research report released to the investors. The Brokerage Firm has Lowered the Price Target of the company shares to $55 from a previous price target of $85 . Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
PACCAR Inc. has dropped 5.04% during the last 3-month period . Year-to-Date the stock performance stands at -27.1%.
PACCAR Inc. (NASDAQ:PCAR) has lost 2.17% during the past week and dropped 4.78% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.35%. PACCAR Inc. (NASDAQ:PCAR) has underperformed the index by 2.56% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Shares of PACCAR Inc. (NASDAQ:PCAR) ended Thursday session in red amid volatile trading. The shares closed down 0.62 points or 1.29% at $47.4 with 1,329,696 shares getting traded. Post opening the session at $47.78, the shares hit an intraday low of $47.39 and an intraday high of $48.05 and the price vacillated in this range throughout the day. The company has a market cap of $16,754 million and the number of outstanding shares have been calculated to be 353,455,750 shares. The 52-week high of PACCAR Inc. (NASDAQ:PCAR) is $69.45 and the 52-week low is $45.04.
Currently the company Insiders own 2.63% of PACCAR Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 15.11% . Institutional Investors own 62.95% of PACCAR Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 15.11%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director officer (Executive Chairman), of Paccar Inc, Pigott Mark C had unloaded 73,671 shares at $52.23 per share in a transaction on November 9, 2015. The total value of transaction was $3,847,836. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
PACCAR Inc (PACCAR) is engaged in the design, manufacture and customer support of light, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. The company also provides customized financial services, information technology and truck parts related to its principal business. The Company operates in three segments: design, manufacture and distribution of light-, medium- and heavy-duty trucks, distribution of parts for the truck aftermarket and related commercial vehicles, and finance and leasing products and services provided to customers and dealers. The Companys finance and leasing activities are principally related to Company products and associated equipment. The Companys other business is the manufacturing and marketing of industrial winches.