Little House Capital LLC Takes Position in PACCAR Inc. (NASDAQ:PCAR)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. raised its stake in PACCAR by 666.7% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock worth $27,000 after buying an additional 240 shares in the last quarter. Meeder Asset Management Inc. raised its stake in PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after buying an additional 193 shares in the last quarter. Alpine Bank Wealth Management bought a new position in PACCAR in the first quarter worth approximately $29,000. Sunbelt Securities Inc. raised its stake in PACCAR by 8,750.0% in the fourth quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after buying an additional 350 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in PACCAR in the fourth quarter worth approximately $43,000. Institutional investors own 64.90% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on PCAR. Melius Research set a $120.00 price objective on shares of PACCAR in a research note on Tuesday, March 18th. Truist Financial cut their price target on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and cut their price target for the stock from $108.00 to $78.00 in a report on Monday, April 7th. Royal Bank Of Canada cut their price target on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Finally, Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target on the stock. in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $104.59.

Insider Buying and Selling at PACCAR

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $89.78 per share, with a total value of $448,900.00. Following the completion of the acquisition, the director now owns 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.02% of the stock is owned by corporate insiders.

PACCAR Price Performance

Shares of PCAR opened at $94.89 on Friday. The firm has a market capitalization of $49.81 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.35 and a quick ratio of 2.19. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $118.81. The company's fifty day moving average price is $92.69 and its 200-day moving average price is $99.73.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). The company had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.13 billion. PACCAR had a net margin of 10.73% and a return on equity of 20.79%. PACCAR's quarterly revenue was down 16.0% compared to the same quarter last year. During the same period last year, the firm earned $2.27 earnings per share. On average, equities research analysts predict that PACCAR Inc. will post 7.57 EPS for the current 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 issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.39%. The ex-dividend date was Wednesday, May 14th. PACCAR's payout ratio is 20.00%.

About PACCAR

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.

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