Allspring Global Investments Holdings LLC reduced its position in PACCAR by 37.9% during the third quarter, selling 15,138 shares and ending the period with 24,807 shares. The remaining stake was valued at approximately $2.42 million as of the quarter end, representing a significant shift in the institutional ownership profile of the company.

Several smaller investment firms adjusted their PACCAR holdings during the recent reporting periods: Private Wealth Management Group LLC increased its position by 293.1% to 283 shares; Hazlett Burt & Watson Inc. added 100 shares for a 53.8% increase to 286 total; Bayforest Capital Ltd boosted its stake by 234.2% to 391 shares; Hantz Financial Services Inc. grew its holding by 43.8% to 440 shares; and Marshall & Sullivan Inc. WA initiated a new position worth approximately $43,000. Overall, institutional investors now control 64.90% of PACCAR’s shares.

In the third quarter, PACCAR reported earnings per share of $1.12, missing consensus estimates by $0.02, and generated revenue of $7.24 billion, exceeding forecasts by over $1.0 billion but reflecting a 20.7% year-over-year decline. Net margin stood at 9.11% and return on equity reached 16.01%. Analysts project full-year EPS of 7.57, while consensus ratings across ten hold, seven buy and two strong buy recommendations have resulted in an average target of $111.04.

PACCAR declared a quarterly dividend of $0.33 per share, representing an annualized payout of $1.32 and a yield of 1.1%. The ex-dividend date is set for February 11, with payment scheduled for March 4. The company’s payout ratio currently measures 25.83%, reflecting a conservative distribution policy relative to reported earnings.