Wellington Management Group LLP Cuts Stock Holdings in PACCAR Inc. $PCAR

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Wellington Management Group LLP reduced its stake in PACCAR Inc. by 11.9% in the third quarter, selling over 2.6 million shares and retaining approximately 3.69% of the company, valued at $1.905 billion. PACCAR reported Q4 EPS in line with expectations at $1.06 and revenue of $6.82 billion, though revenue was down 15.1% year-over-year. The company has a “Hold” consensus rating from analysts with a price target of $116.50, and insiders have been net sellers in the last 90 days.

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