After Today’s Bullish Options Activity, Is PACCAR Inc’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is PACCAR Inc's Near Term Analysis Positive?

In today’s session PACCAR Inc (PCAR) registered an unusually high (56) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious PCAR increase. With 56 contracts traded and 2104 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: PCAR170217C00055000 closed last at: $2.7 or 1.9% up. About 1.13 million shares traded hands. PACCAR Inc (NASDAQ:PCAR) has risen 0.88% since April 4, 2016 and is uptrending. It has underperformed by 0.21% the S&P500.

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. Paccar Inc has been the topic of 40 analyst reports since July 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained PACCAR Inc (NASDAQ:PCAR) on Wednesday, October 28 with “Outperform” rating. On Friday, September 30 the stock rating was initiated by CLSA with “Outperform”. The stock of PACCAR Inc (NASDAQ:PCAR) earned “Underweight” rating by JP Morgan on Monday, June 27. JP Morgan downgraded the shares of PCAR in a report on Friday, October 9 to “Neutral” rating. The firm has “Buy” rating by Jefferies given on Thursday, September 1. As per Tuesday, August 4, the company rating was downgraded by Evercore. The firm earned “Underweight” rating on Friday, September 25 by Barclays Capital. The firm has “Outperform” rating by Macquarie Research given on Wednesday, October 28. As per Monday, March 14, the company rating was maintained by JP Morgan. The firm has “Neutral” rating by Goldman Sachs given on Friday, June 3.

According to Zacks Investment Research, “PACCAR Inc. is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition, the Bellevue, Washington-based company manufactures industrial winches under the Braden, Gearmatic and Carco nameplates. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.22, from 0.9 in 2016Q1. The ratio improved, 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.
Hartford Fincl Mngmt accumulated 3,850 shares or 0.12% of the stock. Lesa Sroufe & holds 2.31% or 50,860 shares in its portfolio. Moreover, Becker Capital Management has 0.01% invested in PACCAR Inc (NASDAQ:PCAR) for 5,000 shares. Shell Asset accumulated 0.15% or 121,107 shares. Bridgewater L P has invested 0.05% of its portfolio in PACCAR Inc (NASDAQ:PCAR). Bristol John W Co Ny has 1.67% invested in the company for 1.14M shares. Citadel Advsrs Limited Liability Company, a Illinois-based fund reported 147,526 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems has invested 0.03% of its portfolio in PACCAR Inc (NASDAQ:PCAR). The California-based First Republic Mgmt Incorporated has invested 0.01% in PACCAR Inc (NASDAQ:PCAR). Federated Inc Pa has invested 0% of its portfolio in PACCAR Inc (NASDAQ:PCAR). Bartlett & Ltd Com accumulated 0.03% or 9,900 shares. Envestnet Asset Mgmt accumulated 0% or 10,104 shares. Baillie Gifford And Communication has 184,247 shares for 0.02% of their US portfolio. The Netherlands-based Ing Groep Nv has invested 0.01% in PACCAR Inc (NASDAQ:PCAR). Bessemer Grp Incorporated accumulated 0% or 5,884 shares.

PACCAR Inc is a global technology firm engaged in the design, manufacture and customer support of trucks. The company has a market cap of $19.25 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 33.52 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.

PCAR Company Profile

PACCAR Inc (PACCAR), incorporated on November 19, 1971, is a global technology firm engaged in the design, manufacture and customer support of trucks. 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. 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.

More news for PACCAR Inc (NASDAQ:PCAR) were recently published by: Fool.com, which released: “PACCAR Inc Sells Fewer Trucks, but Grows Market Share in Third Quarter” on October 28, 2016. Nasdaq.com‘s article titled: “Paccar Inc. Q3 Earnings Fall 20%” and published on October 25, 2016 is yet another important article.

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