Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Lowers Stock Position in Caterpillar Inc. (NYSE:CAT)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 21.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,082 shares of the industrial products company’s stock after selling 855 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Caterpillar were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Caterpillar during the 4th quarter worth approximately $20,386,000. Rakuten Securities Inc. boosted its stake in shares of Caterpillar by 20.3% during the 4th quarter. Rakuten Securities Inc. now owns 184 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 31 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Caterpillar by 3.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 47,425 shares of the industrial products company’s stock worth $17,204,000 after acquiring an additional 1,659 shares in the last quarter. Essential Planning LLC. purchased a new stake in shares of Caterpillar during the 4th quarter worth approximately $655,000. Finally, Great Lakes Advisors LLC boosted its stake in shares of Caterpillar by 2.4% during the 4th quarter. Great Lakes Advisors LLC now owns 300,906 shares of the industrial products company’s stock worth $109,156,000 after acquiring an additional 7,160 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.4 %

Shares of CAT opened at $338.50 on Thursday. The stock has a fifty day moving average of $361.80 and a two-hundred day moving average of $372.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a market capitalization of $161.78 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now owns 3,053 shares in the company, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Truist Financial decreased their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Morgan Stanley cut their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Bank of America cut their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $383.80.

Caterpillar Profile

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.