CIBC Asset Management Inc reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,321 shares of the industrial products company’s stock after selling 3,294 shares during the quarter. CIBC Asset Management Inc’s holdings in Caterpillar were worth $6,775,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Loeb Partners Corp bought a new stake in shares of Caterpillar in the fourth quarter worth approximately $25,000. Bartlett & Co. LLC grew its stake in shares of Caterpillar by 150.0% in the fourth quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 150 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Caterpillar in the fourth quarter worth approximately $55,000. Legacy Financial Advisors Inc. grew its stake in shares of Caterpillar by 145.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 481 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 285 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Caterpillar in the fourth quarter worth approximately $69,000. Institutional investors and hedge funds own 66.16% of the company’s stock.

Shares of NYSE CAT opened at $132.67 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market cap of $76.36 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. Caterpillar Inc. has a 12-month low of $112.06 and a 12-month high of $161.60.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.43). The business had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $14.36 billion. Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.16 earnings per share. Equities research analysts anticipate that Caterpillar Inc. will post 12.24 EPS for the current year.

A number of analysts have recently commented on CAT shares. Zacks Investment Research lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. BMO Capital Markets reduced their price target on shares of Caterpillar to $160.00 and set an “outperform” rating for the company in a research note on Monday, February 4th. Standpoint Research upgraded shares of Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price target for the company in a research note on Wednesday, December 26th. Credit Suisse Group reduced their price target on shares of Caterpillar from $183.00 to $173.00 and set an “outperform” rating for the company in a research note on Friday, January 18th. Finally, Royal Bank of Canada reduced their price target on shares of Caterpillar from $142.00 to $140.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Caterpillar currently has an average rating of “Hold” and a consensus target price of $150.24.

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Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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