Caterpillar, Inc. (CAT) Stake Lessened by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC trimmed its holdings in Caterpillar, Inc. (NYSE:CAT) by 18.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,981 shares of the industrial products company’s stock after selling 663 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Caterpillar were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Caterpillar by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock valued at $3,603,500,000 after purchasing an additional 1,342,984 shares during the period. FMR LLC lifted its stake in shares of Caterpillar by 11.4% in the 1st quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock valued at $1,628,992,000 after purchasing an additional 1,798,312 shares during the period. Morgan Stanley lifted its stake in shares of Caterpillar by 15.1% in the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after purchasing an additional 1,365,856 shares during the period. Primecap Management Co. CA lifted its stake in shares of Caterpillar by 16.9% in the 1st quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after purchasing an additional 1,047,922 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Caterpillar by 8.1% in the 1st quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after purchasing an additional 419,191 shares during the period. 69.23% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://transcriptdaily.com/2017/09/17/caterpillar-inc-cat-stake-lessened-by-capital-investment-advisory-services-llc.html.

In related news, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction 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 in the last three months. 0.15% of the stock is owned by insiders.

Caterpillar, Inc. (NYSE:CAT) opened at 121.37 on Friday. The stock has a market cap of $71.73 billion, a P/E ratio of 678.04 and a beta of 1.24. The stock has a 50 day moving average price of $115.74 and a 200-day moving average price of $104.67. Caterpillar, Inc. has a 52 week low of $80.33 and a 52 week high of $121.57.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.23. The company had revenue of $11.33 billion during 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 quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. On average, equities analysts anticipate that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.

A number of research analysts have recently issued reports on CAT shares. Jefferies Group LLC reissued a “hold” rating and issued a $100.00 price objective on shares of Caterpillar in a research note on Tuesday, August 29th. Royal Bank Of Canada reissued a “hold” rating on shares of Caterpillar in a research note on Tuesday, August 29th. Vetr downgraded Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective on the stock. in a research note on Monday, September 4th. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a research note on Friday, June 16th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $135.00 price objective (up from $120.00) on shares of Caterpillar in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Caterpillar has an average rating of “Hold” and an average target price of $111.74.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply