Caterpillar, Inc. (CAT) Stake Lessened by Blue Rock Advisors LLC
Blue Rock Advisors LLC lowered its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 22.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,200 shares of the industrial products company’s stock after selling 3,155 shares during the period. Caterpillar accounts for about 2.1% of Blue Rock Advisors LLC’s investment portfolio, making the stock its 26th largest position. Blue Rock Advisors LLC’s holdings in Caterpillar were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in CAT. Quadrant Capital Group LLC raised its position in shares of Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after buying an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC bought a new stake in shares of Caterpillar during the second quarter valued at approximately $104,000. Motco raised its position in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after buying an additional 718 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Caterpillar during the first quarter valued at approximately $107,000. Finally, Acrospire Investment Management LLC raised its position in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 68.61% of the company’s stock.
Caterpillar, Inc. (CAT) opened at $143.86 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The company has a market cap of $85,587.16, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.17 and a beta of 1.29. Caterpillar, Inc. has a one year low of $90.34 and a one year high of $145.19.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. Caterpillar’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. equities analysts anticipate that Caterpillar, Inc. will post 6.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, October 20th. Caterpillar’s payout ratio is 216.67%.
Several equities research analysts have recently issued reports on CAT shares. BidaskClub upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Seaport Global Securities began coverage on shares of Caterpillar in a report on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 target price for the company. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 target price for the company. in a report on Tuesday, August 22nd. Credit Suisse Group reissued an “outperform” rating and issued a $146.00 target price (up from $133.00) on shares of Caterpillar in a report on Wednesday, October 18th. Finally, BMO Capital Markets raised their target price on shares of Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $136.41.
In other Caterpillar news, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock valued at $7,235,850 over the last ninety days. 0.14% of the stock is owned by insiders.
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