Quantbot Technologies LP Purchases New Shares in Caterpillar Inc. (NYSE:CAT)

Quantbot Technologies LP purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,572 shares of the industrial products company's stock, valued at approximately $933,000.

A number of other hedge funds have also modified their holdings of the stock. Virtu Financial LLC acquired a new position in Caterpillar in the 4th quarter worth about $5,148,000. ZEGA Investments LLC acquired a new position in Caterpillar in the fourth quarter worth approximately $1,237,000. Millstone Evans Group LLC bought a new position in Caterpillar during the fourth quarter valued at approximately $44,000. Summit Global Investments lifted its stake in Caterpillar by 20.5% in the fourth quarter. Summit Global Investments now owns 2,220 shares of the industrial products company's stock valued at $805,000 after acquiring an additional 377 shares during the last quarter. Finally, Mindset Wealth Management LLC increased its stake in shares of Caterpillar by 7.4% during the 4th quarter. Mindset Wealth Management LLC now owns 1,201 shares of the industrial products company's stock worth $436,000 after purchasing an additional 83 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of NYSE CAT traded down $9.65 during mid-day trading on Friday, hitting $329.65. The company had a trading volume of 1,965,220 shares, compared to its average volume of 2,538,598. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market cap of $157.55 billion, a P/E ratio of 14.94, a PEG ratio of 1.87 and a beta of 1.15. The business's 50-day simple moving average is $354.99 and its 200-day simple moving average is $372.50.

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Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Johnson bought 100 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the subject of several analyst reports. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI upped their price target on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Truist Financial decreased their target price on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Finally, Wedbush raised shares of Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $383.80.

Caterpillar Company Profile

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.