Grantham Mayo Van Otterloo & Co. LLC Increases Holdings in PACCAR Inc. $PCAR

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Grantham Mayo Van Otterloo & Co. LLC increased its stake in PACCAR Inc. (NASDAQ:PCAR) by 4.3% in the third quarter, bringing its total holdings to 252,814 shares valued at approximately $24.9 million. This increase occurred amidst significant insider selling, with the CFO and an EVP offloading shares totaling around $16.87 million, while institutional investors now own 64.9% of the stock. Analysts currently rate PACCAR as a “Hold” with an average price target of $116.50, following a quarter where the company met EPS expectations but saw a 15% year-over-year revenue decline.

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