Little House Capital LLC Sells 2,438 Shares of PACCAR Inc (NASDAQ:PCAR)

Little House Capital LLC reduced its position in PACCAR Inc (NASDAQ:PCAR) by 18.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,826 shares of the company’s stock after selling 2,438 shares during the quarter. Little House Capital LLC’s holdings in PACCAR were worth $1,341,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its position in shares of PACCAR by 188.5% during the 4th quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. Riverview Trust Co purchased a new stake in shares of PACCAR in the first quarter valued at about $29,000. Rise Advisors LLC purchased a new stake in shares of PACCAR in the first quarter valued at about $31,000. Bruce G. Allen Investments LLC purchased a new stake in shares of PACCAR in the fourth quarter valued at about $37,000. Finally, ORG Partners LLC raised its holdings in shares of PACCAR by 6,200.0% in the fourth quarter. ORG Partners LLC now owns 378 shares of the company’s stock valued at $37,000 after purchasing an additional 372 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

Insider Activity at PACCAR

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PCAR shares. StockNews.com downgraded shares of PACCAR from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada assumed coverage on shares of PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price target for the company. Truist Financial restated a “hold” rating and set a $121.00 price target (up previously from $117.00) on shares of PACCAR in a research report on Thursday, May 2nd. The Goldman Sachs Group increased their price target on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Citigroup began coverage on shares of PACCAR in a research report on Wednesday, June 26th. They set a “neutral” rating and a $115.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $114.38.

PACCAR Stock Down 1.3 %

Shares of PCAR traded down $1.36 during trading hours on Monday, hitting $101.58. The company had a trading volume of 1,124,930 shares, compared to its average volume of 2,528,322. The firm has a fifty day moving average price of $107.60 and a 200-day moving average price 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. The stock has a market capitalization of $53.24 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 1.23 and a beta of 0.92. PACCAR Inc has a 52-week low of $80.91 and a 52-week high of $125.50.

PACCAR (NASDAQ:PCAR) last released 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. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The firm had revenue of $8.24 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast 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. Investors of record on Wednesday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This is an increase from PACCAR’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. PACCAR’s payout ratio is 12.45%.

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.