Sat Sep 28 22:30:50 UTC 2024: ## PACCAR (PCAR) Stock Sees Increased Institutional Interest: Scientech Research LLC Raises Stake by 145.1%

**Seattle, WA – September 28, 2024** – Scientech Research LLC significantly increased its holdings in PACCAR Inc (NASDAQ: PCAR) during the second quarter, according to HoldingsChannel. The fund purchased an additional 5,039 shares, boosting its total ownership to 8,512 shares, valued at $876,000.

Scientech’s move mirrors a broader trend of institutional investors and hedge funds showing growing interest in PACCAR. Other notable investors include:

* **Dimensional Fund Advisors LP:** Increased its stake by 3.3% in the second quarter, now holding 5,415,637 shares valued at $557,572,000.
* **Fisher Asset Management LLC:** Raised its holdings by 1.7% in the fourth quarter, now owning 4,910,042 shares valued at $479,466,000.
* **Legal & General Group Plc:** Increased its position by 5.9% in the second quarter, currently holding 4,329,525 shares valued at $445,681,000.
* **Capital International Investors:** Expanded its stake by 44.8% in the first quarter, now holding 3,962,928 shares valued at $490,967,000.
* **Principal Financial Group Inc.:** Raised its stake by 1.5% in the second quarter, now owning 3,219,380 shares valued at $331,403,000.

Institutional investors now own 64.90% of PACCAR stock, indicating strong confidence in the company’s future prospects.

Meanwhile, CEO R Preston Feight sold 27,834 shares of the company’s stock on July 31st, at an average price of $98.70. This brings his total ownership to 162,782 shares, valued at $16,066,583.40.

PACCAR’s recent quarterly earnings report, released on July 23rd, showed earnings per share (EPS) of $2.13, missing the consensus estimate by $0.01. Revenue reached $8.26 billion, slightly lower than the consensus estimate of $8.30 billion.

PACCAR currently trades at $98.13, with a 52-week low of $80.94 and a 52-week high of $125.50. The company’s dividend payout ratio stands at 12.45%, with an annualized dividend of $1.20, representing a dividend yield of 1.22%.

PACCAR Inc, a leading manufacturer of commercial trucks, operates across various global markets. Its business segments include Truck, Parts, and Financial Services.

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