Vinva Investment Management Ltd Sells 1,079 Shares of Caterpillar Inc. (NYSE:CAT)

Vinva Investment Management Ltd trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,063 shares of the industrial products company’s stock after selling 1,079 shares during the period. Vinva Investment Management Ltd’s holdings in Caterpillar were worth $6,920,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CAT. Raymond James Financial Inc. bought a new stake in Caterpillar during the fourth quarter valued at about $353,231,000. Proficio Capital Partners LLC boosted its holdings in Caterpillar by 50,072.7% during the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock valued at $291,938,000 after acquiring an additional 803,166 shares during the period. Amundi boosted its holdings in Caterpillar by 17.3% during the fourth quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock valued at $782,109,000 after acquiring an additional 318,891 shares during the period. Zurich Insurance Group Ltd FI boosted its holdings in Caterpillar by 4,018.6% during the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock valued at $99,874,000 after acquiring an additional 249,155 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in shares of Caterpillar by 36,168.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,041 shares of the industrial products company’s stock valued at $82,361,000 after buying an additional 226,415 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on CAT. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and upped their price objective for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. DA Davidson increased their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Morgan Stanley dropped their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Finally, Truist Financial dropped their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average price target of $383.80.

Caterpillar Price Performance

CAT opened at $336.67 on Wednesday. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company’s 50 day simple moving average is $359.86 and its 200-day simple moving average is $372.46. The stock has a market capitalization of $160.90 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 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%. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Company 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.