Caterpillar Inc. (NYSE:CAT) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,305 shares of the industrial products company’s stock after purchasing an additional 180 shares during the quarter. Stephens Inc. AR’s holdings in Caterpillar were worth $8,492,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Paragon Capital Management LLC acquired a new position in Caterpillar in the first quarter valued at $40,000. Sound Income Strategies LLC boosted its holdings in Caterpillar by 23.5% in the second quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 72 shares during the last quarter. Exane Derivatives acquired a new position in Caterpillar in the second quarter valued at $54,000. JNBA Financial Advisors boosted its holdings in Caterpillar by 33.3% in the second quarter. JNBA Financial Advisors now owns 400 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 100 shares during the last quarter. Finally, Bray Capital Advisors boosted its holdings in Caterpillar by 25.3% in the second quarter. Bray Capital Advisors now owns 500 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 66.86% of the company’s stock.

A number of brokerages recently weighed in on CAT. Stephens began coverage on Caterpillar in a report on Wednesday. They issued an “underweight” rating and a $100.00 target price on the stock. Standpoint Research upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Royal Bank of Canada reissued a “hold” rating on shares of Caterpillar in a research report on Wednesday. Robert W. Baird cut their price objective on Caterpillar from $161.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Atlantic Securities lowered Caterpillar from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company. Caterpillar currently has an average rating of “Hold” and a consensus price target of $139.90.



Shares of NYSE CAT traded down $0.14 during midday trading on Thursday, reaching $115.07. 190,714 shares of the company’s stock were exchanged, compared to its average volume of 4,664,563. Caterpillar Inc. has a 52-week low of $112.06 and a 52-week high of $159.37. The company has a market capitalization of $64.63 billion, a PE ratio of 10.25, a PEG ratio of 0.83 and a beta of 1.52. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.43 and a quick ratio of 1.00. The stock’s fifty day moving average price is $131.42.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.12 by ($0.29). Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The business had revenue of $14.43 billion for the quarter, compared to analysts’ expectations of $14.47 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, analysts expect that Caterpillar Inc. will post 11.73 EPS for the current year.

Caterpillar Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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