Caterpillar, Inc. (CAT) Shares Bought by Aviva PLC
Aviva PLC boosted its position in Caterpillar, Inc. (NYSE:CAT) by 0.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,279 shares of the industrial products company’s stock after buying an additional 260 shares during the period. Aviva PLC owned approximately 0.06% of Caterpillar worth $38,834,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of CAT. FMR LLC lifted its stake in shares of Caterpillar by 11.4% in the first quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock valued at $1,628,992,000 after buying an additional 1,798,312 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Caterpillar during the first quarter valued at about $143,490,000. Morgan Stanley grew its holdings in shares of Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after buying an additional 1,365,856 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Caterpillar by 3.6% during the first quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock valued at $3,603,500,000 after buying an additional 1,342,984 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Caterpillar during the second quarter valued at about $117,223,000. 69.24% of the stock is owned by institutional investors and hedge funds.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at 125.51 on Wednesday. Caterpillar, Inc. has a one year low of $80.33 and a one year high of $125.55. The firm’s 50-day moving average is $119.48 and its 200-day moving average is $107.49. The company has a market cap of $74.17 billion, a PE ratio of 701.17 and a beta of 1.26.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. On average, equities analysts anticipate that Caterpillar, Inc. will post $5.25 EPS for the current year.
In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Insiders have sold 201,471 shares of company stock valued at $22,979,332 over the last 90 days. 0.14% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $133.00 price target on shares of Caterpillar in a research report on Friday, September 22nd. ValuEngine lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. UBS AG raised Caterpillar from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.00 to $140.00 in a research note on Monday, September 18th. Finally, Tigress Financial reissued a “buy” rating on shares of Caterpillar in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $114.03.
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Caterpillar Company Profile
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