PACCAR Inc Has Another Very Negative Options Trading Session

 PACCAR Inc Has Another Very Negative Options Trading Session

In today’s session PACCAR Inc (PCAR) recorded an unusually high (400) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PCAR decrease. With 400 contracts traded and 9564 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PCAR161118P00055000 closed last at: $1 or 20% down. About 1.92 million shares traded hands. PACCAR Inc (NASDAQ:PCAR) has risen 11.50% since March 1, 2016 and is uptrending. It has outperformed by 2.25% the S&P500.

Analysts await PACCAR Inc (NASDAQ:PCAR) to report earnings on October, 25. They expect $1.00 EPS, down 17.36% or $0.21 from last year’s $1.21 per share. PCAR’s profit will be $350.54 million for 14.77 P/E if the $1.00 EPS becomes a reality. After $1.06 actual EPS reported by PACCAR Inc for the previous quarter, Wall Street now forecasts -5.66% negative EPS growth.

PACCAR Inc (NASDAQ:PCAR) Ratings Coverage

Out of 19 analysts covering Paccar Inc (NASDAQ:PCAR), 5 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 26% are positive. $85 is the highest target while $42 is the lowest. The $59.33 average target is 0.42% above today’s ($59.08) stock price. Paccar Inc has been the topic of 38 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Robert W. Baird on Wednesday, April 27. The stock of PACCAR Inc (NASDAQ:PCAR) has “Outperform” rating given on Wednesday, October 28 by Macquarie Research. The rating was downgraded by JP Morgan to “Underweight” on Monday, June 27. Piper Jaffray upgraded the stock to “Overweight” rating in Wednesday, August 26 report. Jefferies maintained the shares of PCAR in a report on Thursday, September 1 with “Buy” rating. Argus Research initiated the stock with “Hold” rating in Friday, May 20 report. Macquarie Research downgraded the stock to “Neutral” rating in Monday, April 11 report. The stock has “Neutral” rating given by Citigroup on Monday, January 25. The rating was downgraded by Morgan Stanley on Friday, July 31 to “Equal Weight”. The firm earned “Underperform” rating on Tuesday, July 19 by Longbow.

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.22, from 0.9 in 2016Q1. The ratio increased, as 39 funds sold all PACCAR Inc shares owned while 147 reduced positions. 50 funds bought stakes while 158 increased positions. They now own 212.86 million shares or 4.21% less from 222.22 million shares in 2016Q1.
Moreover, Ahl Prtn Ltd Liability Partnership has 0.07% invested in PACCAR Inc (NASDAQ:PCAR) for 25,787 shares. Global last reported 500,000 shares in the company. Madrona Ser Ltd Liability Company, a Washington-based fund reported 5,444 shares. Nicholas Investment Ltd Partnership accumulated 85,166 shares or 0.31% of the stock. Fuller And Thaler Asset Management accumulated 0% or 2,600 shares. Aviva Public Limited has 211,468 shares for 0.08% of their US portfolio. Johnson Fincl holds 6,910 shares or 0.05% of its portfolio. Endurance Wealth Management Inc holds 0.02% of its portfolio in PACCAR Inc (NASDAQ:PCAR) for 2,000 shares. Prentiss Smith & accumulated 0.03% or 902 shares. Zevenbergen Capital Investments Ltd Liability Corp reported 8,155 shares or 0.02% of all its holdings. Biltmore Wealth Management Limited Co, a Arizona-based fund reported 12,120 shares. Cibc Asset Mngmt Incorporated, a Ontario – Canada-based fund reported 43,814 shares. Moreover, Price T Rowe Inc Md has 0.01% invested in PACCAR Inc (NASDAQ:PCAR) for 906,592 shares. Winslow Evans & Crocker Incorporated accumulated 0% or 50 shares. Parametrica Mgmt Limited has 6,400 shares for 0.5% of their US portfolio.

Insider Transactions: Since April 29, 2016, the stock had 1 insider purchase, and 2 selling transactions for $1.49 million net activity. $849,162 worth of PACCAR Inc (NASDAQ:PCAR) was sold by SCHIPPERS HARRIE on Friday, April 29. 11,783 PACCAR Inc (NASDAQ:PCAR) shares with value of $691,931 were sold by ARMSTRONG RONALD E. Shares for $47,201 were bought by Christensen Robert J. on Wednesday, May 4.

PACCAR Inc is a global technology firm engaged in the design, manufacture and customer support of trucks. The company has a market cap of $20.71 billion. The Firm operates in three divisions: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to clients and dealers. It has a 31.63 P/E ratio. PACCAR’s other businesses include a division of the Company, which makes industrial winches in over two the United States plants and markets them under the Braden, Carco and Gearmatic nameplates.

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