Bay Capital Advisors LLC Purchases New Shares in Caterpillar Inc. (NYSE:CAT)

Bay Capital Advisors LLC bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,281 shares of the industrial products company's stock, valued at approximately $465,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new position in Caterpillar during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar in the fourth quarter worth $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new position in shares of Caterpillar in the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at $34,000. Institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAT. Jefferies Financial Group boosted their target price on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Evercore ISI increased their target price on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. DA Davidson increased their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $383.80.

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Caterpillar Stock Down 2.8 %

Shares of NYSE:CAT traded down $9.65 during trading on Friday, hitting $329.65. 1,965,220 shares of the company were exchanged, compared to its average volume of 2,538,598. The stock has a market cap of $157.55 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a current ratio of 1.42, a quick ratio of 0.89 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 has a fifty day moving average price of $354.99 and a two-hundred day moving average price of $372.24.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly 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 anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Activity at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm'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 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. This trade represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by company insiders.

Caterpillar 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.