Little House Capital LLC Sells 110 Shares of PACCAR Inc (NASDAQ:PCAR)

Little House Capital LLC cut its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,264 shares of the company’s stock after selling 110 shares during the quarter. Little House Capital LLC’s holdings in PACCAR were worth $1,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc increased its holdings in shares of PACCAR by 188.5% during the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after acquiring an additional 181 shares in the last quarter. OFI Invest Asset Management bought a new stake in PACCAR in the 3rd quarter worth about $26,000. ST Germain D J Co. Inc. increased its holdings in PACCAR by 61.9% in the 3rd quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock worth $29,000 after buying an additional 130 shares in the last quarter. Arlington Trust Co LLC bought a new stake in PACCAR in the 3rd quarter worth about $30,000. Finally, ORG Partners LLC increased its holdings in PACCAR by 6,200.0% in the 4th quarter. ORG Partners LLC now owns 378 shares of the company’s stock worth $37,000 after buying an additional 372 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors.

PACCAR Stock Performance

Shares of PCAR stock traded down $0.66 during trading hours on Friday, reaching $111.96. 2,802,541 shares of the company traded hands, compared to its average volume of 2,224,804. PACCAR Inc has a 12-month low of $68.40 and a 12-month high of $125.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 2.21. The company has a market cap of $58.67 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.68 and a beta of 0.92. The firm has a 50-day moving average price of $116.58 and a 200 day moving average price of $101.87.

PACCAR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.96%. PACCAR’s payout ratio is currently 12.31%.

Insider Activity

In related news, VP Todd R. Hubbard sold 4,829 shares of PACCAR stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $102.12, for a total transaction of $493,137.48. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $584,739.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PACCAR news, Chairman Mark C. Pigott sold 74,347 shares of PACCAR stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total value of $7,578,189.71. Following the sale, the chairman now owns 4,843,277 shares of the company’s stock, valued at approximately $493,675,224.61. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Todd R. Hubbard sold 4,829 shares of PACCAR stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $102.12, for a total value of $493,137.48. Following the completion of the sale, the vice president now directly owns 5,726 shares in the company, valued at approximately $584,739.12. The disclosure for this sale can be found here. Insiders have sold a total of 141,293 shares of company stock valued at $14,581,337 in the last ninety days. Corporate insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

PCAR has been the subject of several research analyst reports. Royal Bank of Canada initiated coverage on PACCAR in a report on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price objective for the company. TD Cowen lifted their price objective on PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised their target price on PACCAR from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. UBS Group raised PACCAR from a “neutral” rating to a “buy” rating and raised their target price for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. Finally, The Goldman Sachs Group raised their target price on PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.08.

PACCAR 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.