MBB Public Markets I LLC Makes New Investment in Caterpillar Inc. $CAT

Key Points

• MBB Public Markets I LLC acquired 937 shares of Caterpillar Inc. valued at approximately $309,000 during the first quarter, highlighting increased institutional interest in the company.
• Insider trading report shows that Chairman Donald J. Umpleby III sold 17,168 shares at an average price of $412.87, reflecting a 3.44% decrease in his position, while total insider sales for the last quarter amounted to $8.9 million.
• Caterpillar missed earnings expectations in its last report, posting $4.72 EPS versus an expected $4.88, despite revenue slightly exceeding forecasts at $16.57 billion.

MBB Public Markets I LLC bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 937 shares of the industrial products company's stock, valued at approximately $309,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Caterpillar by 43,447.3% in the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after buying an additional 3,721,693 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Caterpillar by 2,723.1% in the first quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company's stock valued at $466,430,000 after acquiring an additional 1,364,183 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Caterpillar during the first quarter valued at approximately $391,788,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Caterpillar by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company's stock worth $1,429,416,000 after acquiring an additional 312,878 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Caterpillar in the fourth quarter worth $108,958,000. 70.98% of the stock is owned by institutional investors.

Insider Transactions at Caterpillar

In other news, Chairman Donald J. Umpleby III sold 17,168 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the transaction, the chairman directly owned 482,505 shares of the company's stock, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares in the company, valued at $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,653 shares of company stock worth $8,943,642. Insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of CAT stock traded down $0.28 during trading on Friday, hitting $431.10. The company had a trading volume of 2,341,271 shares, compared to its average volume of 2,399,245. The stock's 50-day moving average is $420.04 and its two-hundred day moving average is $365.32. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $201.96 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $441.15.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CAT shares. Truist Financial lifted their target price on Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. DA Davidson increased their price objective on Caterpillar from $331.00 to $388.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Bank of America boosted their target price on Caterpillar from $460.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and an average target price of $457.20.

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.