PACCAR Inc (NASDAQ:PCAR) Shares Sold by Little House Capital LLC

Little House Capital LLC cut its position in PACCAR Inc (NASDAQ:PCAR) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,264 shares of the company’s stock after selling 110 shares during the period. Little House Capital LLC’s holdings in PACCAR were worth $1,295,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PCAR. Raymond James Financial Services Advisors Inc. boosted its stake in shares of PACCAR by 18.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 107,018 shares of the company’s stock worth $10,450,000 after buying an additional 16,360 shares during the last quarter. abrdn plc boosted its position in PACCAR by 50.9% during the fourth quarter. abrdn plc now owns 264,756 shares of the company’s stock worth $25,853,000 after purchasing an additional 89,359 shares in the last quarter. Aigen Investment Management LP purchased a new position in PACCAR during the third quarter worth approximately $319,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in PACCAR by 42.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 558,909 shares of the company’s stock worth $47,518,000 after purchasing an additional 166,628 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in PACCAR by 29.6% during the fourth quarter. Pacer Advisors Inc. now owns 71,727 shares of the company’s stock worth $7,004,000 after purchasing an additional 16,390 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the sale, the vice president now owns 5,726 shares of the company’s stock, valued at $607,814.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Chairman Mark C. Pigott sold 74,347 shares of PACCAR stock in a transaction 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 completion of the sale, the chairman now directly owns 4,843,277 shares of the company’s stock, valued at $493,675,224.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the sale, the vice president now directly owns 5,726 shares of the company’s stock, valued at $607,814.90. The disclosure for this sale can be found here. Insiders sold a total of 141,293 shares of company stock valued at $14,581,337 over the last quarter. 2.02% of the stock is owned by insiders.

PACCAR Price Performance

Shares of NASDAQ:PCAR traded down $0.66 during midday trading on Friday, hitting $111.96. The company had a trading volume of 2,802,541 shares, compared to its average volume of 2,224,804. The business’s 50-day simple moving average is $116.58 and its 200-day simple moving average is $101.87. 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 stock has a market cap of $58.67 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.68 and a beta of 0.92. PACCAR Inc has a twelve month low of $68.40 and a twelve month high of $125.50.

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 0.96%. PACCAR’s dividend payout ratio (DPR) is 12.31%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PCAR. Bank of America upgraded PACCAR from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $84.00 to $97.00 in a research report on Friday, January 19th. The Goldman Sachs Group raised their target price on PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Morgan Stanley assumed coverage on PACCAR in a research report on Monday, January 8th. They issued an “overweight” rating and a $125.00 target price on the stock. UBS Group upgraded PACCAR from a “neutral” rating to a “buy” rating and raised their target price for the company from $104.00 to $136.00 in a research report on Friday, March 15th. Finally, Evercore ISI raised their target price on PACCAR from $94.00 to $101.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.08.

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.