PACCAR Inc Is a Buy; Strong Momentum from Option Traders

 PACCAR Inc Is a Buy; Strong Momentum from Option Traders

In today’s session PACCAR Inc (PCAR) registered an unusually high (220) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PCAR increase. With 220 contracts traded and 2604 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PCAR161216C00062500 closed last at: $1.05 or 75% up. About 142,928 shares traded hands. PACCAR Inc (NASDAQ:PCAR) has risen 9.72% since April 22, 2016 and is uptrending. It has outperformed by 4.31% the S&P500.

Analysts await PACCAR Inc (NASDAQ:PCAR) to report earnings on February, 3. They expect $0.87 EPS, down 11.22% or $0.11 from last year’s $0.98 per share. PCAR’s profit will be $311.17M for 17.76 P/E if the $0.87 EPS becomes a reality. After $0.98 actual EPS reported by PACCAR Inc for the previous quarter, Wall Street now forecasts -11.22% 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. Paccar Inc has been the topic of 40 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Wednesday, August 26, the company rating was upgraded by Piper Jaffray. The firm has “Hold” rating given on Tuesday, October 6 by Stifel Nicolaus. Argus Research initiated PACCAR Inc (NASDAQ:PCAR) on Friday, May 20 with “Hold” rating. The company was downgraded on Monday, June 27 by JP Morgan. The stock has “Hold” rating given by Deutsche Bank on Wednesday, October 26. The stock has “Outperform” rating given by Macquarie Research on Wednesday, October 28. As per Tuesday, July 19, the company rating was downgraded by Longbow. The stock of PACCAR Inc (NASDAQ:PCAR) earned “Buy” rating by Zacks on Monday, August 31. On Monday, November 30 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The stock of PACCAR Inc (NASDAQ:PCAR) earned “Buy” rating by Bank of America on Monday, May 9.

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 decreased to 1.06 in 2016 Q2. Its down 0.06, from 1.12 in 2016Q1. The ratio fall, 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.
Svcs Automobile Association holds 0.03% or 172,489 shares in its portfolio. Proshare Lc last reported 157,758 shares in the company. The New York-based Tower Ltd Liability (Trc) has invested 0% in PACCAR Inc (NASDAQ:PCAR). Finemark Bank And has 140 shares for 0% of their US portfolio. Moreover, Kelly Lawrence W Assocs Ca has 0.07% invested in PACCAR Inc (NASDAQ:PCAR) for 5,850 shares. Cubist Systematic Strategies Limited Com, a Connecticut-based fund reported 5,716 shares. Becker Cap Mgmt Inc holds 5,000 shares or 0.01% of its portfolio. Voya Invest Mgmt Ltd Liability Corp, a Georgia-based fund reported 204,367 shares. Legal And General Gp Public Ltd Liability Corp accumulated 0.09% or 1.58M shares. Exxonmobil Investment Tx has 0.1% invested in the company for 90,717 shares. Bb&T Corp has invested 0.01% of its portfolio in PACCAR Inc (NASDAQ:PCAR). Cornercap Inv Counsel holds 1.34% or 136,220 shares in its portfolio. Marshall & Sullivan Incorporated Wa accumulated 1,868 shares or 0.12% of the stock. Credit Suisse Ag has invested 0.04% of its portfolio in PACCAR Inc (NASDAQ:PCAR). The New York-based Amer Intll Grp Inc Inc has invested 0% in PACCAR Inc (NASDAQ:PCAR).

Insider Transactions: Since November 3, 2016, the stock had 0 buys, and 7 insider sales for $9.94 million net activity. Moore Gary Lee sold $389,186 worth of PACCAR Inc (NASDAQ:PCAR) on Thursday, November 10. Shares for $224,421 were sold by DOZIER C MICHAEL. Another trade for 2,274 shares valued at $135,985 was sold by SIVER DARRIN C. On Friday, November 11 Davila Marco A. sold $633,830 worth of the stock or 10,520 shares. On Tuesday, November 8 the insider PIGOTT MARK C sold $6.23M. The insider Christensen Robert J. sold 36,008 shares worth $2.16 million. The insider Quinn T. Kyle sold 3,024 shares worth $165,708.

PACCAR Inc is a global technology firm engaged in the design, manufacture and customer support of trucks. The company has a market cap of $22.12 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 37.69 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.

Another recent and important PACCAR Inc (NASDAQ:PCAR) news was published by Nasdaq.com which published an article titled: “PACCAR Inc. (PCAR) Ex-Dividend Date Scheduled for November 16, 2016” on November 15, 2016.

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