Great Lakes Retirement Inc. purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,632 shares of the industrial products company’s stock, valued at approximately $684,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of CAT. Shine Investment Advisory Services Inc. boosted its stake in Caterpillar by 143.1% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 103 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Caterpillar during the 4th quarter valued at $29,000. Savior LLC bought a new position in Caterpillar during the 4th quarter valued at $36,000. Howard Wealth Management LLC bought a new position in Caterpillar during the 4th quarter valued at $37,000. Finally, Great Diamond Partners LLC bought a new position in Caterpillar during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 67.12% of the company’s stock.
In related news, CAO Gary Michael Marvel sold 589 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $137.83, for a total transaction of $81,181.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on CAT shares. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $100.00 in a research note on Wednesday, March 18th. Credit Suisse Group reaffirmed a “buy” rating and set a $162.00 target price on shares of Caterpillar in a research note on Monday. Morgan Stanley dropped their target price on Caterpillar from $126.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 17th. Cfra lowered shares of Caterpillar from a “hold” rating to a “sell” rating and reduced their price target for the stock from $156.00 to $120.00 in a research report on Friday, January 31st. Finally, Royal Bank of Canada decreased their price target on shares of Caterpillar from $152.00 to $145.00 and set a “positive” rating for the company in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $134.89.
Shares of CAT stock opened at $104.67 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.47 and a quick ratio of 1.05. Caterpillar Inc. has a fifty-two week low of $87.50 and a fifty-two week high of $150.55. The stock’s 50-day moving average is $121.24 and its two-hundred day moving average is $134.35. The firm has a market cap of $55.75 billion, a P/E ratio of 9.77, a PEG ratio of 1.20 and a beta of 1.44.
Caterpillar (NYSE:CAT) last released its earnings results on Friday, January 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.26. The company had revenue of $13.14 billion for the quarter, compared to the consensus estimate of $13.42 billion. Caterpillar had a net margin of 11.32% and a return on equity of 41.85%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.55 EPS. As a group, research analysts expect that Caterpillar Inc. will post 8.75 EPS for the current year.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.