Blueshift Asset Management LLC Lowers Position in Caterpillar Inc. (NYSE:CAT)

Blueshift Asset Management LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 56.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,906 shares of the industrial products company's stock after selling 2,486 shares during the quarter. Blueshift Asset Management LLC's holdings in Caterpillar were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Flagship Wealth Advisors LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar in the fourth quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the fourth quarter valued at about $34,000. Finally, Albion Financial Group UT lifted its position in Caterpillar by 334.8% during the fourth 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 period. Institutional investors own 70.98% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CAT shares. Bank of America cut their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Citigroup raised their price objective on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a report on Friday, January 31st. Jefferies Financial Group increased their target price on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, DA Davidson boosted their price target on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $383.80.

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Insider Activity

In other news, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction dated 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 completion of the acquisition, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction 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 approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Caterpillar Trading Up 1.8 %

NYSE CAT traded up $6.05 during mid-day trading on Monday, reaching $341.83. 2,277,144 shares of the stock were exchanged, compared to its average volume of 2,447,507. The stock has a market cap of $163.37 billion, a P/E ratio of 15.49, a P/E/G 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 one year low of $307.05 and a one year high of $418.50. The stock has a 50 day simple moving average of $358.19 and a 200-day simple moving average of $372.36.

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 for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

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.