20,000 Shares in Caterpillar Inc. $CAT Bought by Capitolis Liquid Global Markets LLC

Key Points

• Capitolis Liquid Global Markets LLC opened a new position in Caterpillar (NYSE:CAT) in Q3, buying 20,000 shares worth about $9.543 million, while institutional investors now own roughly 70.98% of the stock and other large stakes (e.g., Norges Bank ~ $2.17B) were also added.
• Caterpillar beat expectations with quarterly EPS of $5.16 versus $4.67 and revenue of $19.13B (up 17.9% year‑over‑year); analysts view the stock as a consensus "Moderate Buy" with an average target of $730.50.
• Insiders have sold a total of 135,950 shares worth about $94.33 million in the last 90 days, leaving insiders with just 0.33% ownership, which may concern some investors.

Capitolis Liquid Global Markets LLC bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 20,000 shares of the industrial products company's stock, valued at approximately $9,543,000.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Caterpillar during the 2nd quarter worth approximately $2,165,899,000. Illinois Municipal Retirement Fund raised its stake in shares of Caterpillar by 7.3% during the third quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company's stock valued at $8,237,000 after acquiring an additional 1,181 shares during the last quarter. Groupe la Francaise lifted its holdings in shares of Caterpillar by 82.0% during the second quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company's stock worth $10,820,000 after purchasing an additional 12,278 shares during the period. Union Bancaire Privee UBP SA lifted its holdings in shares of Caterpillar by 155.9% during the third quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company's stock worth $21,014,000 after purchasing an additional 28,773 shares during the period. Finally, Caprock Group LLC bought a new stake in shares of Caterpillar in the third quarter worth $8,893,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT opened at $693.89 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. The firm's fifty day simple moving average is $693.92 and its two-hundred day simple moving average is $586.07. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $789.81. The stock has a market capitalization of $322.86 billion, a P/E ratio of 36.87, a price-to-earnings-growth ratio of 1.64 and a beta of 1.53.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The firm had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the company posted $5.14 EPS. The business's quarterly revenue was up 17.9% on a year-over-year basis. As a group, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CAT. Royal Bank Of Canada raised their target price on Caterpillar from $587.00 to $658.00 and gave the stock a "sector perform" rating in a research report on Friday, January 30th. Williams Trading set a $825.00 price target on Caterpillar in a research report on Tuesday, March 10th. Jefferies Financial Group increased their price target on Caterpillar from $785.00 to $825.00 and gave the company a "buy" rating in a research note on Friday, March 6th. Wall Street Zen lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Saturday, February 21st. Finally, Wells Fargo & Company upped their target price on Caterpillar from $756.00 to $870.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $730.50.

Insiders Place Their Bets

In other news, CAO William E. Schaupp sold 972 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total transaction of $742,802.40. Following the completion of the sale, the chief accounting officer owned 824 shares of the company's stock, valued at $629,700.80. This trade represents a 54.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Anthony D. Fassino sold 7,891 shares of the business's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $776.90, for a total transaction of $6,130,517.90. Following the transaction, the insider owned 46,643 shares in the company, valued at $36,236,946.70. The trade was a 14.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 135,950 shares of company stock valued at $94,327,990 in the last 90 days. Company insiders own 0.33% of the company's stock.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company's product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

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