The Eqis Capital Management Inc. Sells 1,990 Shares of Caterpillar Inc. (CAT)

The Eqis Capital Management Inc. Sells 1,990 Shares of Caterpillar Inc. (CAT)

Several other large investors have also bought and sold shares of CAT. Howe & Rusling Inc. boosted its stake in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares during the period. Financial Architects Inc boosted its stake in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares during the period. Advantage Investment Management LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $125,000. Ledyard National Bank boosted its stake in Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock worth $132,000 after buying an additional 845 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Caterpillar by 1.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,533 shares of the industrial products company’s stock worth $135,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 70.97% of the company’s stock.

Eqis Capital Management Inc. decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 39.2% during the first quarter, Holdings Channel reports. The firm owned 3,082 shares of the industrial products company’s stock after selling 1,990 shares during the period. Eqis Capital Management Inc.’s holdings in Caterpillar were worth $286,000 at the end of the most recent reporting period.

Shares of Caterpillar Inc. (CAT) opened at 105.95 on Monday. The stock’s 50 day moving average is $101.09 and its 200 day moving average is $96.22. The stock’s market cap is $62.41 billion. Caterpillar Inc. has a 52-week low of $70.53 and a 52-week high of $106.76.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.66. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.27 billion. Caterpillar had a negative net margin of 0.17% and a positive return on equity of 13.44%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, equities analysts expect that Caterpillar Inc. will post $4.12 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on CAT shares. Credit Suisse Group AG set a $111.00 target price on Caterpillar and gave the company a “buy” rating in a research report on Monday, March 20th. Evercore ISI upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Thursday, February 16th. Vetr upgraded Caterpillar from a “sell” rating to a “buy” rating and set a $98.27 target price on the stock in a research report on Tuesday, February 7th. Deutsche Bank AG dropped their target price on Caterpillar from $108.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 6th. Finally, Zacks Investment Research upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $94.65. Caterpillar Company Profile

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