Virtu Financial LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,191 shares of the industrial products company's stock, valued at approximately $5,148,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. ZEGA Investments LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth about $1,237,000. Millstone Evans Group LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $44,000. Summit Global Investments lifted its position in shares of Caterpillar by 20.5% in the 4th quarter. Summit Global Investments now owns 2,220 shares of the industrial products company's stock worth $805,000 after buying an additional 377 shares during the last quarter. Mindset Wealth Management LLC boosted its position in Caterpillar by 7.4% during the 4th quarter. Mindset Wealth Management LLC now owns 1,201 shares of the industrial products company's stock valued at $436,000 after purchasing an additional 83 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $840,000. Hedge funds and other institutional investors own 70.98% of the company's stock.
Insider Buying and Selling at Caterpillar
In other news, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now directly owns 3,053 shares of the company's stock, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
CAT has been the topic of several research reports. Citigroup upped their price target on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a report on Friday, January 31st. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Wedbush raised Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, DA Davidson lifted their price objective on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $383.80.
Get Our Latest Analysis on CAT
Caterpillar Price Performance
Shares of CAT stock traded up $1.71 during trading hours on Tuesday, hitting $343.38. 542,792 shares of the company's stock were exchanged, compared to its average volume of 2,447,507. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The firm has a market cap of $164.11 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.87 and a beta of 1.15. The firm has a 50 day moving average of $358.19 and a two-hundred day moving average of $372.36.
Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.
Caterpillar Profile
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Free Report)
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
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