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Envestnet Asset Management Inc. Sells 19,182 Shares of PACCAR Inc. $PCAR
Envestnet Asset Management Inc. reduced its stake in PACCAR Inc. by 3.9% in the third quarter, selling 19,182 shares. The article also notes significant insider selling, with EVP C. Michael Dozier and EVP Kevin D. Baney selling a combined total of over 88,000 shares, substantially reducing their ownership. PACCAR’s recent earnings report showed revenue that missed expectations and a dividend cut, while analysts currently rate the stock as “Hold.”