Atlanta Consulting Group Advisors LLC Sells 773 Shares of Caterpillar Inc. (NYSE:CAT)

Atlanta Consulting Group Advisors LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,280 shares of the industrial products company's stock after selling 773 shares during the quarter. Atlanta Consulting Group Advisors LLC's holdings in Caterpillar were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CAT. Principal Financial Group Inc. raised its holdings in shares of Caterpillar by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after purchasing an additional 5,371 shares during the period. KPP Advisory Services LLC bought a new stake in shares of Caterpillar in the 3rd quarter worth approximately $231,000. Seizert Capital Partners LLC raised its holdings in shares of Caterpillar by 31.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 12,084 shares of the industrial products company's stock worth $4,726,000 after purchasing an additional 2,870 shares during the period. Schear Investment Advisers LLC raised its holdings in shares of Caterpillar by 10.8% in the 3rd quarter. Schear Investment Advisers LLC now owns 6,628 shares of the industrial products company's stock worth $2,592,000 after purchasing an additional 647 shares during the period. Finally, Adero Partners LLC raised its holdings in shares of Caterpillar by 12.9% in the 3rd quarter. Adero Partners LLC now owns 786 shares of the industrial products company's stock worth $307,000 after purchasing an additional 90 shares during the period. Institutional investors own 70.98% of the company's stock.

Remove Ads

Caterpillar Price Performance

NYSE:CAT traded down $2.53 during midday trading on Thursday, hitting $336.09. The company had a trading volume of 2,781,185 shares, compared to its average volume of 2,432,811. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The stock's fifty day moving average price is $359.41 and its 200-day moving average price is $372.23. The company has a market capitalization of $160.63 billion, a PE ratio of 15.23, a P/E/G 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.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CAT shares. DA Davidson lifted their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Evercore ISI lifted their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Truist Financial reduced their price objective on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of "Hold" and an average price target of $383.80.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business'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 directly owns 45,182 shares of the company's stock, valued at $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 SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

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.