Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 300,359 Caterpillar Inc. (NYSE:CAT)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 300,359 shares of the industrial products company's stock, valued at approximately $108,958,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Caterpillar as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Flagship Wealth Advisors LLC purchased a new stake in Caterpillar during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar during the 4th quarter valued at $31,000. Finally, Investment Management Corp VA ADV purchased a new stake in Caterpillar during the 4th quarter worth $33,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling

In related news, Director David Maclennan acquired 375 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the transaction, the director now owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. The trade was a 5.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CAT shares. Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Evercore ISI cut their price target on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a report on Monday, May 19th. Wedbush raised shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $375.33.

Caterpillar Price Performance

CAT stock traded down $1.83 during trading on Wednesday, hitting $349.68. The company had a trading volume of 1,921,494 shares, compared to its average volume of 2,635,153. The business has a 50 day moving average of $318.94 and a 200 day moving average of $351.77. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $164.71 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $5.60 EPS. As a group, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, April 21st. Caterpillar's dividend payout ratio is presently 27.49%.

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.