Little House Capital LLC Has $1.34 Million Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Little House Capital LLC reduced its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 18.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 10,826 shares of the company’s stock after selling 2,438 shares during the period. Little House Capital LLC’s holdings in PACCAR were worth $1,341,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new stake in PACCAR during the fourth quarter worth $448,288,000. TD Asset Management Inc boosted its position in PACCAR by 112.2% during the fourth quarter. TD Asset Management Inc now owns 2,072,281 shares of the company’s stock worth $202,358,000 after purchasing an additional 1,095,894 shares during the period. Point72 Asset Management L.P. bought a new position in PACCAR in the 4th quarter worth about $87,441,000. Epoch Investment Partners Inc. increased its holdings in PACCAR by 113.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,058,970 shares of the company’s stock worth $103,408,000 after acquiring an additional 562,571 shares during the period. Finally, Optimist Retirement Group LLC purchased a new stake in PACCAR in the 4th quarter worth approximately $37,032,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PACCAR

In other PACCAR news, CEO R Preston Feight sold 33,850 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $106.18, for a total value of $3,594,193.00. Following the completion of the sale, the chief executive officer now directly owns 154,430 shares of the company’s stock, valued at approximately $16,397,377.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO R Preston Feight sold 33,850 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $106.18, for a total value of $3,594,193.00. Following the completion of the sale, the chief executive officer now owns 154,430 shares of the company’s stock, valued at approximately $16,397,377.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael K. Walton sold 9,123 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.11, for a total transaction of $958,918.53. Following the completion of the sale, the vice president now directly owns 1,468 shares of the company’s stock, valued at approximately $154,301.48. The disclosure for this sale can be found here. Insiders sold a total of 45,040 shares of company stock valued at $4,779,241 in the last three months. Company insiders own 2.02% of the company’s stock.

PACCAR Price Performance

Shares of NASDAQ:PCAR traded down $1.36 on Monday, reaching $101.58. The company’s stock had a trading volume of 1,124,930 shares, compared to its average volume of 2,528,322. PACCAR Inc has a 52-week low of $80.91 and a 52-week high of $125.50. The company has a market cap of $53.24 billion, a P/E ratio of 10.68, a PEG ratio of 1.23 and a beta of 0.92. The company has a 50-day simple moving average of $107.60 and a 200 day simple moving average of $107.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.49 and a current ratio of 2.73.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. The company had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.25 billion. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 EPS. As a group, equities research analysts anticipate that PACCAR Inc will post 8.35 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.18%. This is a boost from PACCAR’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, May 14th. PACCAR’s payout ratio is 12.45%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PCAR shares. Raymond James initiated coverage on shares of PACCAR in a research note on Friday. They issued a “market perform” rating for the company. Royal Bank of Canada initiated coverage on shares of PACCAR in a research note on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of PACCAR from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Truist Financial reissued a “hold” rating and issued a $121.00 price target (up from $117.00) on shares of PACCAR in a research note on Thursday, May 2nd. Finally, Citigroup started coverage on shares of PACCAR in a report on Wednesday, June 26th. They issued a “neutral” rating and a $115.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $114.38.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.