14,206 Shares in PACCAR Inc. (NASDAQ:PCAR) Acquired by Little House Capital LLC

Little House Capital LLC bought a new stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,206 shares of the company's stock, valued at approximately $1,383,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. raised its holdings in PACCAR by 8.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company's stock valued at $8,916,000 after acquiring an additional 6,494 shares in the last quarter. LPL Financial LLC increased its position in shares of PACCAR by 6.1% in the 4th quarter. LPL Financial LLC now owns 212,405 shares of the company's stock worth $22,094,000 after purchasing an additional 12,143 shares during the last quarter. American Century Companies Inc. raised its stake in shares of PACCAR by 15.8% in the 4th quarter. American Century Companies Inc. now owns 631,369 shares of the company's stock valued at $65,675,000 after purchasing an additional 86,215 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of PACCAR by 15.1% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 794,946 shares of the company's stock worth $77,404,000 after purchasing an additional 104,281 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of PACCAR by 20.8% during the fourth quarter. Natixis Advisors LLC now owns 1,042,761 shares of the company's stock worth $108,468,000 after purchasing an additional 179,577 shares during the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on PCAR. Evercore ISI cut their price objective on PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Wall Street Zen upgraded PACCAR from a "sell" rating to a "hold" rating in a report on Friday. Truist Financial reduced their price objective on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Citigroup lifted their price objective on shares of PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, June 24th. Finally, Melius Research set a $120.00 target price on shares of PACCAR in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $104.59.

PACCAR Stock Performance

NASDAQ:PCAR traded up $3.14 during mid-day trading on Tuesday, hitting $98.20. The stock had a trading volume of 3,159,154 shares, compared to its average volume of 2,718,677. The company has a current ratio of 2.35, a quick ratio of 2.19 and a debt-to-equity ratio of 0.55. The company has a 50 day simple moving average of $92.85 and a 200-day simple moving average of $99.40. The stock has a market capitalization of $51.55 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 3.51 and a beta of 0.95. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.12). The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a net margin of 10.73% and a return on equity of 20.79%. PACCAR's revenue for the quarter was down 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 EPS. On average, research analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.34%. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

Insider Activity

In related news, Director Pierre R. Breber acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the purchase, the director directly owned 13,015 shares in the company, valued at $1,168,486.70. This trade represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.02% of the company's stock.

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.