APG Asset Management N.V. Sold 613,598 Shares of Caterpillar Inc. (CAT)

APG Asset Management N.V. Sold 613,598 Shares of Caterpillar Inc. (CAT)

APG Asset Management N.V. decreased its position in Caterpillar Inc. (NYSE:CAT) by 44.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 752,799 shares of the industrial products company’s stock after selling 613,598 shares during the period. APG Asset Management N.V.’s holdings in Caterpillar were worth $69,830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Northstar Group Inc. boosted its position in Caterpillar by 0.3% in the first quarter. Northstar Group Inc. now owns 2,377 shares of the industrial products company’s stock valued at $219,000 after buying an additional 8 shares during the period. Bingham Osborn & Scarborough LLC boosted its position in Caterpillar by 0.4% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 2,303 shares of the industrial products company’s stock valued at $214,000 after buying an additional 9 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position 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 valued at $135,000 after buying an additional 20 shares during the period. Diversified Trust Co boosted its position in Caterpillar by 1.9% in the first quarter. Diversified Trust Co now owns 2,777 shares of the industrial products company’s stock valued at $258,000 after buying an additional 53 shares during the period. Finally, Financial Architects Inc boosted its position in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after buying an additional 65 shares during the period. Institutional investors own 70.97% of the company’s stock.

Caterpillar Inc. (CAT) opened at 105.95 on Friday. The firm’s market capitalization is $62.41 billion. Caterpillar Inc. has a 12 month low of $70.53 and a 12 month high of $106.76. The stock’s 50 day moving average price is $101.09 and its 200 day moving average price is $96.22.

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

The company also recently disclosed a quarterly dividend, which was paid on Saturday, May 20th. Stockholders of record on Monday, April 24th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Thursday, April 20th. Caterpillar’s payout ratio is -2,369.23%.

Several research firms recently commented on CAT. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $89.96 price target on the stock in a research note on Monday, April 3rd. Axiom Securities reiterated a “sell” rating on shares of Caterpillar in a research note on Thursday, March 16th. Bank of America Corp reiterated a “buy” rating and issued a $120.00 price target on shares of Caterpillar in a research note on Thursday, May 25th. Credit Suisse Group AG set a $111.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Saturday, February 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price target on shares of Caterpillar in a research note on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $94.65.

About Caterpillar

new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CAT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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).

Related posts

Leave a Comment