Rampart Investment Management Company LLC Trims Stake in Caterpillar Inc. (NYSE:CAT)

Rampart Investment Management Company LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 9.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 31,355 shares of the industrial products company’s stock after selling 3,376 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Caterpillar were worth $4,273,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. LSV Asset Management boosted its holdings in shares of Caterpillar by 168.4% during the 2nd quarter. LSV Asset Management now owns 2,758,506 shares of the industrial products company’s stock valued at $375,956,000 after purchasing an additional 1,730,580 shares during the last quarter. Sanders Capital LLC boosted its holdings in shares of Caterpillar by 31.5% during the 2nd quarter. Sanders Capital LLC now owns 6,243,500 shares of the industrial products company’s stock valued at $958,477,000 after purchasing an additional 1,496,100 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Caterpillar by 54.7% during the 2nd quarter. Bank of Montreal Can now owns 2,814,829 shares of the industrial products company’s stock valued at $383,633,000 after purchasing an additional 995,203 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Caterpillar by 13,546.6% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 517,205 shares of the industrial products company’s stock valued at $51,720,000 after purchasing an additional 513,415 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Caterpillar by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock valued at $890,658,000 after purchasing an additional 321,277 shares during the last quarter. Institutional investors and hedge funds own 64.95% of the company’s stock.

NYSE CAT traded down $0.63 during trading on Monday, hitting $133.15. The stock had a trading volume of 1,778,263 shares, compared to its average volume of 3,988,585. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.00 and a current ratio of 1.43. The stock has a market capitalization of $74.12 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 0.94 and a beta of 1.54. Caterpillar Inc. has a one year low of $111.75 and a one year high of $159.37. The stock has a 50 day simple moving average of $121.82 and a 200 day simple moving average of $130.42.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.12 by ($0.29). The firm had revenue of $14.43 billion during the quarter, compared to the consensus estimate of $14.47 billion. Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.97 EPS. On average, sell-side analysts predict that Caterpillar Inc. will post 11.73 EPS for the current year.

A number of research analysts recently commented on CAT shares. Stephens started coverage on shares of Caterpillar in a report on Wednesday, August 14th. They issued an “underweight” rating and a $100.00 price target for the company. Macquarie set a $115.00 price target on shares of Caterpillar and gave the company a “sell” rating in a report on Tuesday, June 11th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Caterpillar in a report on Wednesday, August 14th. Wells Fargo & Co downgraded shares of Caterpillar from an “outperform” rating to a “market perform” rating and set a $143.00 price target for the company. in a report on Wednesday, September 11th. Finally, UBS Group lowered their price target on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating for the company in a report on Tuesday, June 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the stock. Caterpillar presently has an average rating of “Hold” and a consensus price target of $139.23.

Caterpillar Company 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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