Atala Financial Inc Purchases Shares of 765 Caterpillar Inc. (NYSE:CAT)

Atala Financial Inc bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 765 shares of the industrial products company's stock, valued at approximately $278,000.

A number of other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB boosted its stake in Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock valued at $231,686,000 after acquiring an additional 10,212 shares during the last quarter. West Wealth Group LLC purchased a new position in Caterpillar in the fourth quarter valued at approximately $230,000. Citizens Financial Group Inc. RI grew its holdings in Caterpillar by 43.0% during the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company's stock valued at $5,437,000 after purchasing an additional 4,181 shares during the period. Cadinha & Co. LLC purchased a new stake in Caterpillar in the fourth quarter worth $11,084,000. Finally, Atomi Financial Group Inc. raised its stake in shares of Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after buying an additional 871 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Price Performance

Shares of NYSE CAT traded down $5.97 during mid-day trading on Tuesday, reaching $336.67. 3,309,912 shares of the company were exchanged, compared to its average volume of 2,432,175. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The company's 50 day moving average price is $360.39 and its 200 day moving average price is $372.60. The stock has a market capitalization of $160.90 billion, a PE ratio of 15.25, a PEG ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

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Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Citigroup boosted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, January 31st. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Jefferies Financial Group boosted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, Bank of America cut their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $383.80.

Insiders Place Their Bets

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

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.