O Shaughnessy Asset Management LLC Grows Position in Caterpillar Inc. (NYSE:CAT)

O Shaughnessy Asset Management LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 57.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,515 shares of the industrial products company's stock after buying an additional 71,942 shares during the period. Caterpillar makes up 0.6% of O Shaughnessy Asset Management LLC's investment portfolio, making the stock its 26th biggest holding. O Shaughnessy Asset Management LLC's holdings in Caterpillar were worth $71,651,000 as of its most recent SEC filing.

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

Insider Activity at Caterpillar

In related news, 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 transaction, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, 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 disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

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Analysts Set New Price Targets

CAT has been the subject of a number of research analyst reports. Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Evercore ISI boosted their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Bank of America lowered their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and increased their target price for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their price objective on Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of "Hold" and an average price target of $383.80.

Caterpillar Stock Down 6.9 %

Shares of CAT traded down $23.08 on Thursday, hitting $311.58. 2,144,365 shares of the stock traded hands, compared to its average volume of 2,537,766. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a market capitalization of $148.91 billion, a PE ratio of 14.12, a P/E/G ratio of 1.87 and a beta of 1.15. The business has a 50 day simple moving average of $351.26 and a 200 day simple moving average of $372.07. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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, equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

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.