BlackRock Amends PACCAR Stake, Signals Passive Investment Update
Ticker: PCAR · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 75362
| Field | Detail |
|---|---|
| Company | Paccar Inc (PCAR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, disclosure
TL;DR
**BlackRock updated its PACCAR stake, confirming its passive investment as of year-end 2023.**
AI Summary
BlackRock Inc. filed an Amendment No. 11 to its Schedule 13G for PACCAR INC on January 26, 2024, indicating its ownership of PACCAR's Common Stock as of December 31, 2023. This filing, under Rule 13d-1(b), updates BlackRock's passive investment stake in the motor vehicle manufacturer. For investors, this matters because BlackRock is a major institutional investor, and changes in its reported holdings can signal shifts in its investment strategy or outlook on PACCAR's future performance.
Why It Matters
This filing shows BlackRock's updated ownership in PACCAR, providing transparency on a significant institutional investor's position, which can influence market perception.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake, and does not suggest any immediate risk or major change in company control.
Analyst Insight
Investors should note BlackRock's continued passive stake in PACCAR, suggesting no immediate activist pressure or significant change in institutional sentiment from this major holder. This is a routine disclosure.
Key Numbers
- 693718108 — CUSIP Number (identifies PACCAR INC's Common Stock)
- 0000075362 — PACCAR INC's CIK (unique identifier for PACCAR INC with the SEC)
- 0001364742 — BlackRock Inc.'s CIK (unique identifier for BlackRock Inc. with the SEC)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- PACCAR INC (company) — the subject company whose Common Stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- January 26, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 11 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will maintain a passive investment strategy in PACCAR INC. (BlackRock Inc.) — high confidence, target: Next 12 months
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, specifically Amendment No. 11. An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive institutional investors who own more than 5% but less than 20% of a company's stock, indicating they do not intend to influence control of the company.
Who is the filer of this SC 13G/A and what company's stock is being reported?
The filer of this SC 13G/A is BlackRock Inc. (CIK: 0001364742), and the filing reports on its ownership of Common Stock in PACCAR INC (CIK: 0000075362).
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which is designated by the 'X' in the appropriate box on the cover page.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of PACCAR INC is 693718108, as listed on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding PACCAR INC (PCAR).