Paccar Inc (NASDAQ:PCAR).
Baird Financial Group, Inc. says it sold 22,308 shares in quarter ending 09/30/2017 decreasing its stake in Paccar Inc (PCAR) by 3.4%. Its stake was valued at $46,391,000 an increase of 5.9% as of quarter end.
The following firms have recently changed their position in PCAR. Raymond James & Associates bolstered its position by buying 44,115 shares an increase of 47.2% from 06/30/2017 to 09/30/2017. Raymond James & Associates owns 137,619 shares with a value of $9,955,000. The value of the position overall is up by 61.2%. Tredje Ap-fonden augmented its holdings by buying 7,713 shares an increase of 20.9% in the quarter. Tredje Ap-fonden claims 44,658 shares valued at $3,231,000. The total value of its holdings increased 32.4%.
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS grew its investment by buying 2,478 shares an increase of 9.5%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS now controls 28,576 shares worth $2,067,000. The total value of its holdings increased 19.9%.
Equity analyst Robert W. Baird raised the price target on October 25 boosting the projection from $80.00 to $82.00 with a “Neutral” recommendation. Stifel Nicolaus lowered the price target on October 25 changing the forecast from $76.00 to $75.00 and stated a “Hold” rating.
Equity analyst Deutsche Bank AG lowered the price target of the stock on October 25 changing the price objective from $78.00 to $77.00 and issued a “Hold” rating.
The company is so far trading down since yesterday’s close of 68.67. The company currently has a P/E ratio of 17.48 and the market value is 23.97B. As of the latest earnings report the EPS was $3.90 with 351.61M shares now outstanding.
Short traders are feeling a little more bullish on shares of Paccar Inc of late if you evaluate the fall in short interest. The stock saw a fall in short interest of -11.51% between September 29, 2017 and October 13, 2017. Short interest decreased 826,041 over that timeframe. With short interest at 6,353,406 and short average daily volume at 2,144,195, days to cover is 3.0 and the short interest percentage is 0.02% as of October 13.