Mn Services Vermogensbeheer B.V. Cuts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 10.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 294,642 shares of the industrial products company’s stock after selling 34,300 shares during the period. Mn Services Vermogensbeheer B.V. owned 0.05% of Caterpillar worth $40,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in Caterpillar by 23.5% in the 2nd quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 72 shares in the last quarter. LexAurum Advisors LLC boosted its stake in Caterpillar by 4.7% in the 2nd quarter. LexAurum Advisors LLC now owns 1,700 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 77 shares in the last quarter. Claro Advisors LLC boosted its stake in Caterpillar by 3.5% in the 2nd quarter. Claro Advisors LLC now owns 2,341 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 79 shares in the last quarter. Oakworth Capital Inc. boosted its stake in Caterpillar by 11.0% in the 1st quarter. Oakworth Capital Inc. now owns 808 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 80 shares in the last quarter. Finally, Cambridge Trust Co. boosted its stake in Caterpillar by 3.5% in the 1st quarter. Cambridge Trust Co. now owns 2,425 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 83 shares in the last quarter. 65.80% of the stock is currently owned by institutional investors and hedge funds.

CAT opened at $124.54 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.00 and a current ratio of 1.43. The company has a fifty day moving average price of $134.01. Caterpillar Inc. has a 1 year low of $112.06 and a 1 year high of $159.37. The firm has a market cap of $71.22 billion, a PE ratio of 11.10, a P/E/G ratio of 0.88 and a beta of 1.52.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.29). Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The firm had revenue of $14.43 billion during the quarter, compared to analyst estimates of $14.47 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that Caterpillar Inc. will post 11.73 earnings per share for the current fiscal year.

A number of research firms recently commented on CAT. Wells Fargo & Co lowered their target price on shares of Caterpillar from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Morgan Stanley decreased their price objective on shares of Caterpillar from $165.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. UBS Group decreased their price objective on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating for the company in a research note on Tuesday, June 4th. Goldman Sachs Group restated a “buy” rating and set a $156.00 price objective on shares of Caterpillar in a research note on Thursday, July 25th. Finally, Atlantic Securities cut shares of Caterpillar from a “neutral” rating to an “underweight” rating in a research note on Friday, June 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $144.23.

About Caterpillar

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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