Home Wealth Advisor Strategic Wealth Advisors Group LLC Takes $1.81 Million Position in Caterpillar Inc. (CAT) – Fairfield Current

Strategic Wealth Advisors Group LLC Takes $1.81 Million Position in Caterpillar Inc. (CAT) – Fairfield Current

9 min read
0
103


Strategic Wealth Advisors Group LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 13,826 shares of the industrial products company’s stock, valued at approximately $1,813,000.

Other institutional investors have also recently made changes to their positions in the company. Loeb Partners Corp acquired a new stake in Caterpillar in the 4th quarter valued at about $25,000. Bartlett & Co. LLC increased its position in Caterpillar by 150.0% in the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Caterpillar in the 4th quarter valued at about $55,000. Legacy Financial Advisors Inc. increased its position in Caterpillar by 145.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 481 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 285 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Caterpillar in the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 66.16% of the company’s stock.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Credit Suisse Group restated a “buy” rating and issued a $173.00 price objective on shares of Caterpillar in a research report on Thursday, February 14th. OTR Global cut shares of Caterpillar to a “positive” rating in a research report on Friday, February 15th. Finally, Morgan Stanley set a $160.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $150.24.

Shares of NYSE CAT traded down $0.60 during mid-day trading on Friday, hitting $133.09. The company’s stock had a trading volume of 44,226 shares, compared to its average volume of 4,751,936. The firm has a market capitalization of $76.94 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.78. Caterpillar Inc. has a one year low of $112.06 and a one year high of $161.60.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.98 by ($0.43). Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The firm had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $14.36 billion. During the same period in the previous year, the business earned $2.16 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Caterpillar Inc. will post 12.24 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Strategic Wealth Advisors Group LLC Takes $1.81 Million Position in Caterpillar Inc. (CAT)” was first posted by Fairfield Current and is owned by of Fairfield Current. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/03/15/strategic-wealth-advisors-group-llc-takes-1-81-million-position-in-caterpillar-inc-cat.html.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

Recommended Story: What economic reports are most valuable to investors?

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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.

Let’s block ads! (Why?)


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Michigan's new deal on auto insurance premiums: 10 things to know – Detroit Free Press

Kathleen Gray Detroit Free Press Published 6:14 PM EDT May 24, 2019 A deal to fundamentall…