4,884 Shares in Caterpillar Inc. (CAT) Purchased by HRT Financial LLC

HRT Financial LLC acquired a new position in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,884 shares of the industrial products company’s stock, valued at approximately $620,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Loeb Partners Corp purchased a new stake in Caterpillar during the 4th quarter valued at $25,000. Bartlett & Co. LLC raised its stake in Caterpillar by 150.0% during the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. PRW Wealth Management LLC purchased a new stake in Caterpillar during the 4th quarter valued at $43,000. Murphy Pohlad Asset Management LLC purchased a new stake in Caterpillar during the 4th quarter valued at $48,000. Finally, Vectors Research Management LLC grew its position in shares of Caterpillar by 32.1% during the 4th quarter. Vectors Research Management LLC now owns 412 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 100 shares during the period. Institutional investors own 67.06% of the company’s stock.

Shares of NYSE CAT opened at $140.25 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a market cap of $77.98 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.71 and a beta of 1.46. Caterpillar Inc. has a 12-month low of $112.06 and a 12-month high of $161.60.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.43). The business had revenue of $14.34 billion for the quarter, compared to analysts’ expectations of $14.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.16 earnings per share. As a group, sell-side analysts expect that Caterpillar Inc. will post 12.24 EPS for the current year.

CAT has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. BMO Capital Markets dropped their price objective on shares of Caterpillar to $160.00 and set an “outperform” rating for the company in a report on Monday, February 4th. Standpoint Research raised shares of Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price objective for the company in a report on Wednesday, December 26th. Credit Suisse Group dropped their price objective on shares of Caterpillar from $183.00 to $173.00 and set an “outperform” rating for the company in a report on Friday, January 18th. Finally, Royal Bank of Canada dropped their price objective on shares of Caterpillar from $142.00 to $140.00 and set a “sector perform” rating for the company in a report on Tuesday, January 29th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $149.36.

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Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

Further Reading: Put Option Volume

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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