JFS Wealth Advisors LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 18.6% in the second quarter, HoldingsChannel reports. The fund owned 2,626 shares of the industrial products company’s stock after selling 600 shares during the period. JFS Wealth Advisors LLC’s holdings in Caterpillar were worth $358,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sanders Capital LLC grew its stake in shares of Caterpillar by 60.7% during the first quarter. Sanders Capital LLC now owns 4,747,400 shares of the industrial products company’s stock worth $724,333,000 after purchasing an additional 1,792,900 shares during the period. Thoroughbred Financial Services LLC grew its stake in shares of Caterpillar by 13,546.6% during the second quarter. Thoroughbred Financial Services LLC now owns 517,205 shares of the industrial products company’s stock worth $51,720,000 after purchasing an additional 513,415 shares during the period. LSV Asset Management grew its stake in shares of Caterpillar by 65.5% during the first quarter. LSV Asset Management now owns 1,027,926 shares of the industrial products company’s stock worth $139,273,000 after purchasing an additional 407,000 shares during the period. Geode Capital Management LLC grew its stake in shares of Caterpillar by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock worth $890,658,000 after purchasing an additional 321,277 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Caterpillar by 12.7% during the first quarter. Clearbridge Investments LLC now owns 2,794,952 shares of the industrial products company’s stock worth $378,688,000 after purchasing an additional 314,442 shares during the period. Institutional investors own 66.02% of the company’s stock.

NYSE:CAT traded up $0.42 on Thursday, reaching $118.10. The company’s stock had a trading volume of 1,103,649 shares, compared to its average volume of 4,704,689. Caterpillar Inc. has a 1-year low of $112.06 and a 1-year high of $159.37. 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 firm has a market cap of $66.03 billion, a PE ratio of 10.53, a PEG ratio of 0.83 and a beta of 1.52. The business’s 50-day moving average price is $128.73 and its two-hundred day moving average price is $131.87.

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

CAT has been the subject of a number of analyst reports. UBS Group decreased their price objective on Caterpillar from $125.00 to $115.00 and set a “sell” rating for the company in a research note on Tuesday, June 4th. Stephens initiated coverage on Caterpillar in a research note on Wednesday, August 14th. They set an “underweight” rating and a $100.00 price objective for the company. Wells Fargo & Co decreased their price objective on Caterpillar from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Atlantic Securities cut Caterpillar from a “neutral” rating to an “underweight” rating in a research note on Friday, June 21st. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Caterpillar in a research note on Wednesday, August 14th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $139.90.

Caterpillar 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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