Munich Reinsurance Co Stock Corp in Munich Purchases 10,732 Shares of PACCAR Inc. $PCAR

Munich Reinsurance Co Stock Corp in Munich has increased its stake in PACCAR Inc. by 2.6%, purchasing an additional 10,732 shares, bringing their total to 419,924 shares valued at $50.4 million. This move comes as institutional investors collectively own 64.9% of PACCAR. Analysts generally maintain a "Hold" rating for PACCAR, with an average target price of $132.30, following the company's strong quarterly earnings beat and dividend declaration.