2 weeks Ago By ABMN Staff
AQR Capital Management LLC raised its position in Caterpillar Inc. ( NYSE:CAT – Free Report ) by 39.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The fund owned 255,605 shares of the industrial products company’s stock after buying an additional 71,788 shares during the period. AQR Capital Management LLC owned about 0.05% of Caterpillar worth $84,976,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Thompson Investment Management Inc. purchased a new stake in shares of Caterpillar during the first quarter worth approximately $27,000.
Fairman Group LLC purchased a new stake in shares of Caterpillar during the first quarter worth $29,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Caterpillar in the second quarter valued at about $28,000. Financial Connections Group Inc.
purchased a new position in shares of Caterpillar in the second quarter worth about $28,000. Finally, Richardson Financial Services Inc. purchased a new stake in Caterpillar during the 4th quarter valued at about $27,000.
70.98% of the stock is currently owned by hedge funds and other institutional investors. Insider Transactions at Caterpillar In related news, insider Anthony D.
Fassino sold 3,185 shares of Caterpillar stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.
60. Following the completion of the transaction, the insider now owns 33,442 shares in the company, valued at $11,750,181.12.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . In other news, insider Cheryl H. Johnson sold 2,975 shares of the stock in a transaction on Thursday, August 22nd.
The stock was sold at an average price of $342.48, for a total value of $1,018,878.00.
Following the sale, the insider now directly owns 15,615 shares in the company, valued at $5,347,825.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
Also, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.
36, for a total value of $1,119,081.60. Following the transaction, the insider now directly owns 33,442 shares of the company’s stock, valued at $11,750,181.
12. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 7,668 shares of company stock valued at $2,665,760.
0.33% of the stock is currently owned by corporate insiders. Wall Street Analysts Forecast Growth Read Our Latest Report on Caterpillar Caterpillar Stock Up 3.
4 % Shares of NYSE CAT opened at $391.05 on Friday. The company has a quick ratio of 0.
78, a current ratio of 1.28 and a debt-to-equity ratio of 1.39.
The business’s 50 day moving average is $345.11 and its two-hundred day moving average is $345.68.
Caterpillar Inc. has a 52-week low of $223.76 and a 52-week high of $397.
22. The firm has a market cap of $191.24 billion, a price-to-earnings ratio of 17.
62, a PEG ratio of 1.73 and a beta of 1.10.
Caterpillar ( NYSE:CAT – Get Free Report ) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.
53 by $0.46. Caterpillar had a return on equity of 59.
88% and a net margin of 16.58%. The firm had revenue of $16.
69 billion for the quarter, compared to the consensus estimate of $16.91 billion. During the same quarter in the previous year, the business earned $5.
55 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year.
Research analysts predict that Caterpillar Inc. will post 21.91 EPS for the current year.
Caterpillar declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 12th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the industrial products company to buy up to 12.
7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued. Caterpillar Profile ( Free Report ) 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. Featured Stories Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter .
.
