Caterpillar Inc. (NYSE:CAT) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 57.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,515 shares of the industrial products company’s stock after acquiring an additional 71,942 shares during the period. Caterpillar comprises about 0.6% of O Shaughnessy Asset Management LLC’s holdings, making the stock its 26th biggest position. O Shaughnessy Asset Management LLC’s holdings in Caterpillar were worth $71,651,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after purchasing an additional 10,212 shares in the last quarter. West Wealth Group LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $230,000. Cadinha & Co. LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $11,084,000. Atomi Financial Group Inc. lifted its stake in shares of Caterpillar by 3.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company’s stock worth $8,414,000 after purchasing an additional 871 shares during the period. Finally, Copley Financial Group Inc. acquired a new stake in shares of Caterpillar during the third quarter worth $800,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Trading Down 2.8 %

NYSE CAT opened at $329.65 on Friday. The company has a market capitalization of $157.55 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company’s fifty day moving average price is $354.99 and its two-hundred day moving average price is $372.24. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month 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 for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the purchase, the director now directly owns 3,053 shares of the company’s stock, 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. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CAT shares. Bank of America dropped their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Wedbush raised Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Evercore ISI boosted their price target on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $383.80.

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.