Investors Sell Caterpillar (CAT) on Strength (CAT)
Traders sold shares of Caterpillar Inc. (NYSE:CAT) on strength during trading on Tuesday. $113.78 million flowed into the stock on the tick-up and $147.71 million flowed out of the stock on the tick-down, for a money net flow of $33.93 million out of the stock. Of all equities tracked, Caterpillar had the 31st highest net out-flow for the day. Caterpillar traded up $0.09 for the day and closed at $154.09
CAT has been the subject of several recent research reports. ValuEngine lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. UBS Group boosted their price target on Caterpillar from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, June 14th. Bank of America reissued a “hold” rating and issued a $163.00 price target on shares of Caterpillar in a research report on Friday, June 15th. Zacks Investment Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Finally, Goldman Sachs Group lowered Caterpillar from a “conviction-buy” rating to a “buy” rating in a research report on Monday, July 16th. Twelve research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $172.35.
The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $92.94 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 0.86 and a beta of 1.38.
A number of hedge funds have recently made changes to their positions in CAT. Avestar Capital LLC grew its stake in Caterpillar by 92.3% during the 2nd quarter. Avestar Capital LLC now owns 994 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 477 shares during the last quarter. Stelac Advisory Services LLC purchased a new stake in Caterpillar during the 1st quarter valued at about $129,000. Landaas & Co. WI ADV purchased a new stake in Caterpillar during the 2nd quarter valued at about $130,000. Front Row Advisors LLC grew its stake in Caterpillar by 125.0% during the 1st quarter. Front Row Advisors LLC now owns 900 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 500 shares during the last quarter. Finally, Archford Capital Strategies LLC purchased a new stake in Caterpillar during the 1st quarter valued at about $165,000. Hedge funds and other institutional investors own 67.75% of the company’s stock.
Caterpillar Company Profile (NYSE:CAT)
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.
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