Caterpillar Inc. $CAT Shares Acquired by Avior Wealth Management LLC

Key Points

• Avior Wealth Management LLC has increased its holdings in Caterpillar Inc. by 22.4%, now owning 3,304 shares valued at approximately $1.28 million.
• Shares of Caterpillar opened at $466.06 on Monday, with a recent high of $485.34 and a low of $267.30 over the past year.
• The company's quarterly earnings report showed earnings per share of $4.72, missing estimates, while revenue was $16.57 billion, slightly exceeding analyst predictions.

Avior Wealth Management LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 22.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,304 shares of the industrial products company's stock after acquiring an additional 605 shares during the quarter. Avior Wealth Management LLC's holdings in Caterpillar were worth $1,283,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Caterpillar by 9.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company's stock valued at $26,037,000 after acquiring an additional 7,125 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in Caterpillar in the first quarter valued at approximately $427,000. Charles Schwab Investment Management Inc. increased its position in Caterpillar by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company's stock worth $1,089,798,000 after purchasing an additional 15,347 shares during the last quarter. Heartwood Wealth Advisors LLC raised its stake in Caterpillar by 4.2% during the second quarter. Heartwood Wealth Advisors LLC now owns 2,975 shares of the industrial products company's stock worth $1,155,000 after purchasing an additional 121 shares during the period. Finally, Fiduciary Financial Group LLC boosted its holdings in shares of Caterpillar by 81.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 1,913 shares of the industrial products company's stock valued at $748,000 after purchasing an additional 857 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Up 0.5%

Shares of NYSE CAT opened at $466.06 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $485.34. The stock's 50-day simple moving average is $430.98 and its 200-day simple moving average is $373.99. The firm has a market cap of $218.34 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.83 and a beta of 1.41.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same quarter last year, the business earned $5.99 EPS. Caterpillar's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares of the company's stock, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This represents a 25.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,819 shares of company stock worth $16,885,492. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CAT has been the topic of several research reports. Bank of America increased their target price on Caterpillar from $495.00 to $517.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Truist Financial raised their price objective on Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Evercore ISI upgraded Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 target price for the company in a report on Tuesday, August 19th. Oppenheimer cut their price target on shares of Caterpillar from $493.00 to $480.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Finally, Barclays boosted their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $464.33.

Caterpillar 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.

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