Blueshift Asset Management LLC Sells 2,486 Shares of Caterpillar Inc. (NYSE:CAT)

Blueshift Asset Management LLC lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 56.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,906 shares of the industrial products company’s stock after selling 2,486 shares during the period. Blueshift Asset Management LLC’s holdings in Caterpillar were worth $691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Flagship Wealth Advisors LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar during the fourth quarter valued at approximately $31,000. Retirement Wealth Solutions LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $36,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.7 %

NYSE:CAT opened at $336.09 on Friday. The company has a fifty day moving average of $358.92 and a 200 day moving average of $371.98. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $160.63 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CAT shares. JPMorgan Chase & Co. reduced their price objective on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Wedbush raised shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Truist Financial cut their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group boosted their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $383.80.

Caterpillar 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.