Canadaigua National Bank & Trust Co. increased its stake in PACCAR Inc., a commercial truck manufacturer, by 44.3% in Q2.

Canadaigua National Bank & Trust Co. increased its stake in PACCAR Inc., a commercial truck manufacturer, by 44.3% in the second quarter, owning 8,262 shares. This follows other institutional investors such as Norges Bank, Capital International Investors, and TD Asset Management also buying or increasing shares in the company, with 64.9% now owned by institutional investors. PACCAR reported a 29.87% return on equity and a 14.07% net margin in the second quarter, while announcing a quarterly dividend of $0.30 per share. The company's stock has a market cap of $49 billion, a P/E ratio of 9.71, and a price-to-earnings-growth ratio.

August 09, 2024
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