Vinva Investment Management Ltd Has $6.92 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Vinva Investment Management Ltd reduced its stake in Caterpillar Inc. (NYSE:CAT) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 19,063 shares of the industrial products company’s stock after selling 1,079 shares during the quarter. Vinva Investment Management Ltd’s holdings in Caterpillar were worth $6,920,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new stake in Caterpillar in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar in the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar in the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the 4th quarter valued at $34,000. Finally, Albion Financial Group UT lifted its position in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after buying an additional 77 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Down 1.7 %

Shares of CAT opened at $336.67 on Wednesday. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The firm has a market cap of $160.90 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The firm’s 50-day simple moving average is $359.86 and its 200 day simple moving average is $372.46. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CAT. Citigroup boosted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Wedbush raised shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $383.80.

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.