Vanguard Capital Wealth Advisors acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,475 shares of the industrial products company’s stock, valued at approximately $548,000.
Several other hedge funds have also recently bought and sold shares of CAT. Jennison Associates LLC boosted its holdings in shares of Caterpillar by 126.5% in the fourth quarter. Jennison Associates LLC now owns 5,951,370 shares of the industrial products company’s stock valued at $937,817,000 after acquiring an additional 3,324,051 shares during the period. BlackRock Inc. boosted its holdings in shares of Caterpillar by 6.5% in the fourth quarter. BlackRock Inc. now owns 37,565,629 shares of the industrial products company’s stock valued at $5,919,590,000 after acquiring an additional 2,297,750 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $148,604,000. CI Investments Inc. boosted its holdings in shares of Caterpillar by 400,906.6% in the fourth quarter. CI Investments Inc. now owns 665,671 shares of the industrial products company’s stock valued at $104,896,000 after acquiring an additional 665,505 shares during the period. Finally, Fred Alger Management Inc. acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $103,179,000. 69.22% of the stock is owned by institutional investors and hedge funds.
CAT has been the subject of several research analyst reports. Vetr raised Caterpillar from a “buy” rating to a “strong-buy” rating and set a $170.44 price objective for the company in a report on Monday, February 5th. Credit Suisse Group increased their price objective on Caterpillar from $155.00 to $192.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Citigroup increased their price objective on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. JPMorgan Chase & Co. raised Caterpillar from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $161.96 to $200.00 in a report on Monday, January 8th. Finally, Wells Fargo increased their price target on Caterpillar from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $170.91.
Caterpillar stock opened at $154.76 on Monday. The stock has a market capitalization of $93,504.54, a price-to-earnings ratio of 123.49, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. Caterpillar Inc. has a 52-week low of $90.34 and a 52-week high of $173.24.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. Caterpillar’s revenue was up 34.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. equities analysts expect that Caterpillar Inc. will post 9.1 EPS for the current fiscal year.
In other Caterpillar news, General Counsel Suzette M. Long sold 528 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total value of $84,722.88. Following the completion of the transaction, the general counsel now owns 19,646 shares in the company, valued at $3,152,397.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas A. Pellette sold 95,199 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total value of $15,526,004.91. Following the completion of the transaction, the insider now owns 96,268 shares of the company’s stock, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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