Castleark Management LLC Holds Position in Caterpillar Inc. (CAT)

Castleark Management LLC maintained its stake in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, Holdings Channel reports. The fund owned 1,500 shares of the company’s stock at the end of the fourth quarter. Castleark Management LLC’s holdings in Caterpillar were worth $139,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CAT. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Caterpillar by 13.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,967,801 shares of the company’s stock valued at $174,682,000 after buying an additional 231,957 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Caterpillar by 4.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 105,823 shares of the company’s stock valued at $9,394,000 after buying an additional 4,665 shares during the period. FMR LLC increased its stake in shares of Caterpillar by 25.8% in the fourth quarter. FMR LLC now owns 15,763,049 shares of the company’s stock valued at $1,461,865,000 after buying an additional 3,228,098 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Caterpillar by 19.9% in the third quarter. TIAA CREF Investment Management LLC now owns 2,391,196 shares of the company’s stock valued at $212,266,000 after buying an additional 397,215 shares during the period. Finally, Holderness Investments Co. increased its stake in shares of Caterpillar by 2.6% in the fourth quarter. Holderness Investments Co. now owns 11,174 shares of the company’s stock valued at $1,036,000 after buying an additional 282 shares during the period. Hedge funds and other institutional investors own 70.97% of the company’s stock.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Caterpillar Inc. (NYSE:CAT) opened at 95.40 on Tuesday. The firm’s market capitalization is $55.95 billion. Caterpillar Inc. has a one year low of $69.04 and a one year high of $99.46. The company’s 50-day moving average is $95.35 and its 200-day moving average is $90.99.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.17. The business had revenue of $9.57 billion for the quarter, compared to analyst estimates of $9.87 billion. Caterpillar had a negative net margin of 0.17% and a positive return on equity of 13.44%. Caterpillar’s revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. Equities analysts forecast that Caterpillar Inc. will post $3.13 earnings per share for the current fiscal year.

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CAT has been the topic of several research analyst reports. Vetr downgraded shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $84.86 target price on the stock. in a report on Thursday, November 24th. Jefferies Group LLC restated a “hold” rating and set a $80.00 target price on shares of Caterpillar in a report on Wednesday, December 21st. Credit Suisse Group AG restated an “outperform” rating and set a $111.00 target price (up from $101.00) on shares of Caterpillar in a report on Thursday, January 19th. CLSA restated an “outperform” rating on shares of Caterpillar in a report on Tuesday, January 10th. Finally, Zacks Investment Research downgraded shares of Caterpillar from a “hold” rating to a “strong sell” rating in a report on Thursday, December 22nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. Caterpillar currently has an average rating of “Hold” and a consensus target price of $89.00.

In related news, Director Daniel M. Dickinson sold 3,884 shares of the stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $97.90, for a total transaction of $380,243.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lange Bob De bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were bought at an average cost of $99.32 per share, for a total transaction of $99,320.00. Following the completion of the purchase, the insider now owns 10,230 shares of the company’s stock, valued at $1,016,043.60. The disclosure for this purchase can be found here. 0.15% of the stock is owned by corporate insiders.

About Caterpillar

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