Teacher Retirement System of Texas Lowers Stake in PACCAR Inc. $PCAR

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The Teacher Retirement System of Texas decreased its stake in PACCAR Inc. (NASDAQ:PCAR) by 30.6% in the fourth quarter, selling 72,190 shares to hold 164,001 shares valued at $17.96 million. Despite this reduction, other large institutional investors like California Public Employees Retirement System and Vanguard Group Inc. increased their holdings. Analysts have a “Hold” consensus rating on PACCAR, with an average target price of $117.42, and the company reported strong quarterly earnings and revenue growth.

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