Caterpillar Inc. (CAT) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,442 shares of the industrial products company’s stock after buying an additional 8,255 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Caterpillar were worth $17,876,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CAT. Jennison Associates LLC grew its position in shares of Caterpillar by 126.5% in the 4th quarter. Jennison Associates LLC now owns 5,951,370 shares of the industrial products company’s stock worth $937,817,000 after buying an additional 3,324,051 shares during the period. BlackRock Inc. grew its position in shares of Caterpillar by 6.5% in the 4th quarter. BlackRock Inc. now owns 37,565,629 shares of the industrial products company’s stock worth $5,919,590,000 after buying an additional 2,297,750 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Caterpillar in the 4th quarter worth about $148,604,000. CI Investments Inc. grew its position in shares of Caterpillar by 400,906.6% in the 4th quarter. CI Investments Inc. now owns 665,671 shares of the industrial products company’s stock worth $104,896,000 after buying an additional 665,505 shares during the period. Finally, Fred Alger Management Inc. purchased a new stake in shares of Caterpillar in the 4th quarter worth about $103,179,000. 69.22% of the stock is currently owned by hedge funds and other institutional investors.

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In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the transaction, the insider now owns 96,268 shares in the company, valued at approximately $15,700,348.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Suzette M. Long sold 528 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total transaction of $84,722.88. Following the transaction, the general counsel now owns 19,646 shares in the company, valued at approximately $3,152,397.16. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Vetr raised shares of Caterpillar from a “buy” rating to a “strong-buy” rating and set a $169.76 target price on the stock in a research report on Monday. Barclays assumed coverage on shares of Caterpillar in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 target price on the stock. ValuEngine raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Citigroup reiterated a “neutral” rating and issued a $185.00 price target (up previously from $160.00) on shares of Caterpillar in a research note on Friday, January 19th. Finally, UBS upped their price target on shares of Caterpillar from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $170.40.

CAT stock opened at $144.29 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a market cap of $93,110.10, a PE ratio of 114.52, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. Caterpillar Inc. has a one year low of $90.34 and a one year high of $173.24.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The business had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. equities research analysts forecast that Caterpillar Inc. will post 9.1 earnings per share for the current fiscal year.

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About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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