Washington Trust Bank Has Trimmed Stake in Paccar (PCAR) as Market Value Declined; Flow Traders Us Stake in Credit Suisse Ag/Nassau (ZIV) Cut by $2.23 Million

February 22, 2018 - By Adrian Mccoy

Washington Trust Bank decreased its stake in Paccar Inc (PCAR) by 0.34% based on its latest 2017Q3 regulatory filing with the SEC. Washington Trust Bank sold 6,100 shares as the company’s stock declined 8.74% while stock markets rallied. The institutional investor held 1.80 million shares of the auto manufacturing company at the end of 2017Q3, valued at $130.39 million, down from 1.81 million at the end of the previous reported quarter. Washington Trust Bank who had been investing in Paccar Inc for a number of months, seems to be less bullish one the $24.35B market cap company. The stock increased 0.33% or $0.23 during the last trading session, reaching $69.22. About 2.14M shares traded. PACCAR Inc (NASDAQ:PCAR) has risen 19.93% since February 22, 2017 and is uptrending. It has outperformed by 3.23% the S&P500.

Flow Traders Us Llc decreased its stake in Credit Suisse Ag/Nassau (ZIV) by 91.14% based on its latest 2017Q3 regulatory filing with the SEC. Flow Traders Us Llc sold 30,072 shares as the company’s stock rose 12.23% with the market. The institutional investor held 2,922 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $219,000, down from 32,994 at the end of the previous reported quarter. Flow Traders Us Llc who had been investing in Credit Suisse Ag/Nassau for a number of months, seems to be less bullish one the $219.86 million market cap company. The stock decreased 1.46% or $1.01 during the last trading session, reaching $68.03. About 155,599 shares traded. VelocityShares Daily Inverse VIX MT ETN (NASDAQ:ZIV) has risen 65.76% since February 22, 2017 and is uptrending. It has outperformed by 49.06% the S&P500.

Washington Trust Bank, which manages about $630.44 million US Long portfolio, upped its stake in Applied Materials Inc (NASDAQ:AMAT) by 72,833 shares to 150,176 shares, valued at $7.82 million in 2017Q3, according to the filing. It also increased its holding in Philip Morris International In (NYSE:PM) by 5,589 shares in the quarter, for a total of 17,081 shares, and has risen its stake in Prudential Financial Inc (NYSE:PRU).

Since October 30, 2017, it had 1 insider buy, and 2 selling transactions for $1.92 million activity. LEY ALMA LILY also sold $285,704 worth of PACCAR Inc (NASDAQ:PCAR) shares. 21 PACCAR Inc (NASDAQ:PCAR) shares with value of $1,482 were bought by GRANDSTAFF DOUGLAS S.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.04, from 1.02 in 2017Q2. It increased, as 40 investors sold PCAR shares while 147 reduced holdings. 46 funds opened positions while 152 raised stakes. 213.97 million shares or 0.17% more from 213.61 million shares in 2017Q2 were reported. Amer Century Cos has 0.05% invested in PACCAR Inc (NASDAQ:PCAR). 95,585 were accumulated by State Of Tennessee Treasury Department. Los Angeles Capital Mngmt And Equity Rech Incorporated accumulated 0% or 11,206 shares. Parsec Mngmt stated it has 0.07% of its portfolio in PACCAR Inc (NASDAQ:PCAR). First Midwest Comml Bank Tru Division stated it has 6,086 shares or 0.05% of all its holdings. Sonata Group Inc accumulated 3,300 shares. King Luther Cap stated it has 14,154 shares or 0.01% of all its holdings. Advantus, a Minnesota-based fund reported 35,510 shares. Zeke Cap Advsrs Ltd Liability Corporation reported 8,429 shares. Manchester Cap Mngmt Lc holds 1,124 shares or 0.01% of its portfolio. Tradewinds Capital Mngmt Llc invested in 15,772 shares. Rafferty Asset Mgmt Ltd Liability holds 0.04% or 22,361 shares. Price T Rowe Inc Md accumulated 2.71M shares. 1.29 million were reported by Swiss Bancshares. Pictet State Bank And Tru, Bahamas-based fund reported 5,500 shares.

Among 25 analysts covering Paccar Inc (NASDAQ:PCAR), 9 have Buy rating, 1 Sell and 15 Hold. Therefore 36% are positive. Paccar Inc had 98 analyst reports since July 30, 2015 according to SRatingsIntel. Robert W. Baird maintained it with “Hold” rating and $67.0 target in Wednesday, August 30 report. Barclays Capital maintained PACCAR Inc (NASDAQ:PCAR) rating on Wednesday, July 27. Barclays Capital has “Underweight” rating and $47 target. Longbow downgraded the stock to “Underperform” rating in Tuesday, July 19 report. Morgan Stanley downgraded the shares of PCAR in report on Friday, July 31 to “Equal Weight” rating. The company was downgraded on Monday, November 30 by RBC Capital Markets. The company was maintained on Wednesday, November 29 by J.P. Morgan. Zacks upgraded the shares of PCAR in report on Thursday, August 20 to “Hold” rating. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, October 6. The firm earned “Buy” rating on Thursday, January 11 by RBC Capital Markets. The stock of PACCAR Inc (NASDAQ:PCAR) earned “Buy” rating by BMO Capital Markets on Tuesday, September 5.

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