<div id="readability-page-1"><p>Assenagon Asset Management S.A. lessened its stake in shares of  PACCAR Inc. (NASDAQ:PCAR - Free Report) by 14.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,463 shares of the company's stock after selling 41,432 shares during the period. Assenagon Asset Management S.A.'s holdings in PACCAR were worth $23,544,000 at the end of the most recent reporting period.</p><ul><li>3 Big-Name Stocks Just Announced Big-Time Dividend Increases</li></ul><p>A number of other institutional investors have also recently modified their holdings of the stock. Insight Wealth Strategies LLC grew its holdings in shares of  PACCAR by 0.9% during the 3rd quarter. Insight Wealth Strategies LLC now owns 44,566 shares of the company's stock worth $4,382,000 after purchasing an additional 416 shares in the last quarter.  GAMMA Investing LLC lifted its position in  PACCAR by 14.3% during the third quarter. GAMMA Investing LLC now owns 9,979 shares of the company's stock worth $981,000 after purchasing an additional 1,247 shares during the period.  Cullen Capital Management LLC acquired a new stake in  PACCAR during the second quarter worth about $53,272,000.  Osaic Holdings Inc. grew its stake in  PACCAR by 161.0% during the second quarter. Osaic Holdings Inc. now owns 52,648 shares of the company's stock worth $5,072,000 after buying an additional 32,476 shares in the last quarter.  Finally, B. Riley Wealth Advisors Inc. bought a new position in  PACCAR in the 2nd quarter valued at about $261,000. 64.90% of the stock is currently owned by institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of brokerages have recently weighed in on PCAR. UBS Group  set a $103.00 price target on shares of PACCAR and gave the stock a &#34;neutral&#34; rating in a report on Wednesday, October 22nd. Sanford C. Bernstein  reissued an &#34;outperform&#34; rating and issued a $125.00 price objective on shares of PACCAR in a research note on Friday, December 5th. Jefferies Financial Group  restated a &#34;hold&#34; rating and set a $90.00 target price on shares of PACCAR in a research note on Tuesday, October 21st. Wells Fargo &amp; Company started coverage on PACCAR in a report on Thursday, November 13th. They issued a &#34;positive&#34; rating and a $106.00 target price on the stock. Finally, Truist Financial lifted their price target on PACCAR from $97.00 to $108.00 and gave the company a &#34;hold&#34; rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued  a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $111.04.</p><ul><li>This Autonomous Vehicle Stock Doubled in June and May Do It Again</li></ul><p><b>Get Our Latest Analysis on PCAR</b></p><h2>PACCAR Stock Up 0.1%</h2><p>Shares of PCAR opened at $111.57 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.91 and a current ratio of 3.12. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $115.43. The stock has a market capitalization of $58.60 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 15.25 and a beta of 1.01. The stock has a fifty day moving average of $102.20 and a 200-day moving average of $98.99. </p><ul><li>Paccar Revenue Grows As Truck Maker Drives Toward Electrification</li></ul><p>PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.02). The firm had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.23 billion. PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The company's revenue was down 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 EPS.  As a group, sell-side analysts anticipate that  PACCAR Inc. will post 7.57 earnings per share for the current fiscal year. </p><h2>PACCAR Cuts Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, February 11th. PACCAR's dividend payout ratio (DPR) is 25.83%. </p><h2>Insider Buying and Selling</h2><p>In other PACCAR news, CFO Brice J. Poplawski sold 3,369 shares of the business's stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $101.15, for a total transaction of $340,774.35. Following the sale, the chief financial officer directly owned 468 shares of the company's stock, valued at $47,338.20. The trade was a 87.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.02% of the stock is currently owned by corporate insiders. </p><h2>PACCAR Company Profile</h2> (Free Report)<p>PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company's products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR's core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.  </p><p>In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than PACCAR</li><li>3 Stocks to Protect Your Portfolio from the Coronavirus Contagion </li><li>Nike Beats on Earnings But Struggles in China and Faces Tariffs</li><li>How to Calculate Inflation Rate</li><li>Is the AI Boom a Bubble? These 2 Dividend Stocks Say No</li><li>What Are Some of the Best Large-Cap Stocks to Buy?</li><li>4 High-Potential ETFs for 2026: Small Caps, Space Stocks, and More</li></ul><p><strong>Want to see what other hedge funds are holding PCAR?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc. (NASDAQ:PCAR - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UENBUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UENBUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PACCAR Right Now?</h2><p>Before you consider PACCAR, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PACCAR wasn't on the list.</p><p>While PACCAR currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PCAR

<p>Assenagon Asset Management S.A. reduced its stake in PACCAR Inc. by 14.7% in the third quarter, now holding 239,463 shares worth $23.54 million. Other institutional investors also adjusted their holdings. Analysts have given PACCAR a consensus rating of 'Moderate Buy' with a price target of $111.04. PACCAR reported quarterly earnings of $1.12 per share, missing estimates, with revenue of $7.24 billion. The company announced a quarterly dividend of $0.33 per share, payable on March 4th.</p>

Assenagon Asset Management S.A. Has $23.54 Million Position in PACCAR Inc. $PCAR