Caterpillar Inc. $CAT Shares Acquired by Everpar Advisors LLC

Everpar Advisors LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 14.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,594 shares of the industrial products company’s stock after purchasing an additional 204 shares during the period. Everpar Advisors LLC’s holdings in Caterpillar were worth $619,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CAT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Caterpillar by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,204,445 shares of the industrial products company’s stock valued at $1,386,626,000 after acquiring an additional 264,054 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Caterpillar by 8.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company’s stock valued at $1,429,416,000 after purchasing an additional 312,878 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Caterpillar by 43,447.3% during the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company’s stock worth $1,230,239,000 after purchasing an additional 3,721,693 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Caterpillar by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company’s stock worth $1,089,798,000 after buying an additional 15,347 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Caterpillar by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company’s stock valued at $1,064,951,000 after buying an additional 268,300 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Trading Up 1.0%

NYSE CAT opened at $435.62 on Tuesday. The stock has a market cap of $204.08 billion, a P/E ratio of 22.16, a PEG ratio of 2.62 and a beta of 1.41. The company’s fifty day simple moving average is $420.93 and its 200-day simple moving average is $366.13. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $441.15.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same period in the previous year, the business posted $5.99 earnings per share. Caterpillar’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America lifted their target price on shares of Caterpillar from $460.00 to $495.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Caterpillar in a research report on Friday, August 29th. Melius Research upgraded Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price on the stock in a research report on Wednesday, July 9th. Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price target for the company in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $475.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $457.20.

Insider Activity at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value of $7,088,152.16. Following the transaction, the chairman directly owned 482,505 shares in the company, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,653 shares of company stock valued at $8,943,642. Insiders own 0.33% of the company’s stock.

Caterpillar Company 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.