Alberta Investment Management Corp Sells 2,900 Shares of Caterpillar Inc. (NYSE:CAT)

Alberta Investment Management Corp reduced its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,300 shares of the industrial products company's stock after selling 2,900 shares during the period. Alberta Investment Management Corp's holdings in Caterpillar were worth $4,462,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CAT. Retirement Wealth Solutions LLC bought a new position in Caterpillar during the 4th quarter worth $34,000. Capital Performance Advisors LLP bought a new position in Caterpillar during the 3rd quarter worth $36,000. Albion Financial Group UT raised its position in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after purchasing an additional 77 shares during the last quarter. Kimelman & Baird LLC raised its position in shares of Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after acquiring an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock worth $42,000 after acquiring an additional 65 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Down 2.7 %

CAT stock traded down $9.57 during mid-day trading on Friday, reaching $339.58. 1,953,272 shares of the company traded hands, compared to its average volume of 2,377,913. The stock has a market cap of $162.30 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.89 and a beta of 1.12. 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's 50 day moving average price is $369.54 and its 200 day moving average price is $372.24.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results 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%. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a $1.41 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.66%. Caterpillar's payout ratio is presently 25.56%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CAT. Truist Financial lowered their price objective on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. StockNews.com raised Caterpillar from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley lowered their price objective on Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Jefferies Financial Group lifted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Caterpillar currently has an average rating of "Hold" and an average target price of $383.80.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock worth $7,226,584 in the last 90 days. Insiders own 0.29% of the company's stock.

About Caterpillar

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.