New Age Alpha Advisors LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,753 shares of the industrial products company's stock, valued at approximately $10,068,000.
Other hedge funds have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC bought a new position in Caterpillar in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar during the 4th quarter worth $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar during the 4th quarter worth $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the fourth quarter valued at about $34,000. 70.98% of the stock is owned by institutional investors.
Caterpillar Trading Up 0.2 %
Shares of CAT traded up $0.70 during trading hours on Tuesday, hitting $330.50. 720,432 shares of the stock were exchanged, compared to its average volume of 2,532,746. The firm has a market capitalization of $157.96 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The business has a 50-day moving average of $353.87 and a 200-day moving average of $372.44.
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 (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%. On average, research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.
Insiders Place Their Bets
In other news, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was 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 directly owns 6,275 shares in the company, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company's stock.
Analyst Ratings Changes
CAT has been the subject of a number of research reports. Bank of America dropped their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Jefferies Financial Group raised their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Evercore ISI upped their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Morgan Stanley cut their price objective on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, DA Davidson increased their target price on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Two equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $383.80.
View Our Latest Analysis on CAT
About Caterpillar
(
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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