Caterpillar Inc. (NYSE:CAT) Shares Bought by JB Capital LLC

by · The Markets Daily

JB Capital LLC lifted its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,142 shares of the industrial products company’s stock after buying an additional 102 shares during the quarter. JB Capital LLC’s holdings in Caterpillar were worth $338,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth $30,000. Atlas Capital Advisors LLC boosted its stake in shares of Caterpillar by 272.4% during the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 95 shares during the period. First Capital Advisors Group LLC. bought a new position in shares of Caterpillar during the 2nd quarter valued at $30,000. Finally, CGC Financial Services LLC bought a new position in shares of Caterpillar during the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

CAT stock traded down $1.23 on Tuesday, reaching $362.51. 313,040 shares of the company’s stock were exchanged, compared to its average volume of 2,424,825. The stock has a fifty day moving average of $330.28 and a 200-day moving average of $289.03. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $367.93. The firm has a market cap of $181.04 billion, a PE ratio of 18.06, a P/E/G ratio of 1.75 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT – Get Free Report) last posted its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same quarter last year, the firm earned $3.86 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that Caterpillar Inc. will post 21.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group lifted their price target on Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. TD Cowen boosted their target price on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $297.89.

Get Our Latest Report on Caterpillar

Insider Buying and Selling at Caterpillar

In related news, Director David Maclennan purchased 350 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $323.37 per share, with a total value of $113,179.50. Following the acquisition, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Maclennan purchased 350 shares of the stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Insiders sold a total of 45,769 shares of company stock worth $14,509,306 in the last 90 days. 0.33% of the stock is owned by corporate insiders.

Caterpillar Company Profile

(Free Report)

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.

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