Calamos Advisors LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 66,763 shares of the company’s stock after buying an additional 25 shares during the period. Calamos Advisors LLC’s holdings in Caterpillar were worth $5,061,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc increased its stake in Caterpillar by 21.1% in the first quarter. IFP Advisors Inc now owns 42,251 shares of the company’s stock valued at $3,234,000 after buying an additional 7,371 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management acquired a new stake in Caterpillar during the first quarter valued at approximately $276,000. Dynamic Advisors Solutions LLC increased its stake in Caterpillar by 8.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 7,741 shares of the company’s stock valued at $592,000 after buying an additional 600 shares in the last quarter. BTC Capital Management Inc. increased its stake in Caterpillar by 5.8% in the first quarter. BTC Capital Management Inc. now owns 34,960 shares of the company’s stock valued at $2,675,000 after buying an additional 1,929 shares in the last quarter. Finally, Virginia Retirement System acquired a new stake in Caterpillar during the first quarter valued at approximately $1,320,000. 69.03% of the stock is owned by institutional investors.
Shares of Caterpillar Inc. (NYSE:CAT) traded up 1.49% on Friday, hitting $88.77. 6,379,056 shares of the stock traded hands. Caterpillar Inc. has a 1-year low of $56.36 and a 1-year high of $88.98. The stock has a 50 day moving average of $83.10 and a 200-day moving average of $78.10. The stock has a market cap of $51.86 billion, a PE ratio of 59.18 and a beta of 1.64.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.13. The business earned $10.34 billion during the quarter, compared to the consensus estimate of $10.06 billion. Caterpillar had a return on equity of 12.37% and a net margin of 2.64%. Caterpillar’s revenue for the quarter was down 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. On average, equities research analysts expect that Caterpillar Inc. will post $3.50 EPS for the current year.
CAT has been the subject of several recent analyst reports. TheStreet raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $87.00 price objective on shares of Caterpillar in a report on Wednesday, July 13th. Deutsche Bank AG initiated coverage on shares of Caterpillar in a report on Tuesday, September 6th. They set a “buy” rating and a $72.56 price objective for the company. Vetr raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $85.19 price objective for the company in a report on Tuesday, September 13th. Finally, Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $72.62.
In related news, Director Dennis A. Muilenburg purchased 1,930 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average price of $82.75 per share, with a total value of $159,707.50. Following the completion of the purchase, the director now directly owns 9,558 shares in the company, valued at $790,924.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradley M. Halverson sold 2,841 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $82.73, for a total value of $235,035.93. Following the completion of the transaction, the insider now directly owns 20,232 shares of the company’s stock, valued at approximately $1,673,793.36. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (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.