Atlantic Trust Group LLC Has $6.15 Million Stake in Caterpillar Inc. (CAT)

Share on StockTwits

Atlantic Trust Group LLC increased its position in Caterpillar Inc. (NYSE:CAT) by 17.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,731 shares of the industrial products company’s stock after buying an additional 6,180 shares during the period. Atlantic Trust Group LLC’s holdings in Caterpillar were worth $6,151,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vicus Capital raised its position in shares of Caterpillar by 8.2% in the first quarter. Vicus Capital now owns 4,462 shares of the industrial products company’s stock valued at $658,000 after buying an additional 338 shares during the last quarter. Covington Capital Management increased its position in Caterpillar by 14.5% during the fourth quarter. Covington Capital Management now owns 2,690 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 340 shares during the last quarter. RiverPoint Capital Management LLC increased its position in Caterpillar by 13.1% during the fourth quarter. RiverPoint Capital Management LLC now owns 2,980 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 344 shares during the last quarter. Wade G W & Inc. increased its position in Caterpillar by 12.4% during the first quarter. Wade G W & Inc. now owns 3,138 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 345 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in Caterpillar by 0.5% during the first quarter. Mason Street Advisors LLC now owns 83,248 shares of the industrial products company’s stock worth $12,269,000 after purchasing an additional 379 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

CAT has been the subject of several research analyst reports. Daiwa Capital Markets lowered shares of Caterpillar from an “outperform” rating to a “neutral” rating and set a $160.00 price target for the company. in a research report on Wednesday, April 25th. TheStreet raised shares of Caterpillar from a “c+” rating to an “a-” rating in a research report on Tuesday, April 24th. Vetr lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating and set a $169.76 price target for the company. in a research report on Monday, March 19th. Morgan Stanley set a $185.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Finally, Citigroup raised shares of Caterpillar from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Monday, April 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Caterpillar has an average rating of “Buy” and an average target price of $173.16.

CAT opened at $139.94 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.52. Caterpillar Inc. has a 52-week low of $102.30 and a 52-week high of $173.24. The company has a market cap of $83.43 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 0.98 and a beta of 1.32.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.71. The company had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.99 billion. Caterpillar had a net margin of 4.59% and a return on equity of 34.38%. Caterpillar’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. research analysts predict that Caterpillar Inc. will post 10.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 20th. Stockholders of record on Friday, July 20th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Thursday, July 19th. This is an increase from Caterpillar’s previous quarterly dividend of $0.78. This represents a $3.44 annualized dividend and a dividend yield of 2.46%. Caterpillar’s dividend payout ratio is 45.35%.

In other news, CFO Joseph E. Creed sold 4,532 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $155.67, for a total value of $705,496.44. Following the completion of the transaction, the chief financial officer now directly owns 2,554 shares in the company, valued at $397,581.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas A. Pellette sold 54,481 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $150.17, for a total transaction of $8,181,411.77. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

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.

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.

Leave a Reply