Quantitative Systematic Strategies LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 32.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,313 shares of the industrial products company’s stock after selling 1,558 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Caterpillar were worth $449,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Xact Kapitalforvaltning AB raised its stake in Caterpillar by 2.2% during the second quarter. Xact Kapitalforvaltning AB now owns 62,254 shares of the industrial products company’s stock worth $8,446,000 after purchasing an additional 1,367 shares during the period. Claraphi Advisory Network LLC grew its holdings in Caterpillar by 19.5% during the 1st quarter. Claraphi Advisory Network LLC now owns 11,296 shares of the industrial products company’s stock worth $1,665,000 after acquiring an additional 1,843 shares in the last quarter. Alps Advisors Inc. acquired a new position in Caterpillar during the 2nd quarter worth approximately $78,585,000. Quantbot Technologies LP acquired a new position in Caterpillar during the 1st quarter worth approximately $1,198,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in Caterpillar during the 1st quarter worth approximately $251,000. 67.94% of the stock is currently owned by institutional investors.

Shares of NYSE CAT traded down $0.64 during midday trading on Friday, reaching $144.90. 4,690,514 shares of the company traded hands, compared to its average volume of 3,822,185. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.59. Caterpillar Inc. has a 52 week low of $120.31 and a 52 week high of $173.24. The stock has a market cap of $85.75 billion, a P/E ratio of 21.06, a P/E/G ratio of 0.79 and a beta of 1.37.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Monday, July 30th. The industrial products company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.73 by $0.24. The firm had revenue of $14.01 billion for the quarter, compared to analysts’ expectations of $14.09 billion. Caterpillar had a net margin of 6.12% and a return on equity of 40.60%. Caterpillar’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. sell-side analysts anticipate that Caterpillar Inc. will post 11.65 earnings per share for the current fiscal year.

CAT has been the subject of several research analyst reports. ValuEngine cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, June 1st. UBS Group upped their price target on shares of Caterpillar from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. Bank of America reiterated a “hold” rating and issued a $163.00 price target on shares of Caterpillar in a report on Friday, June 15th. Zacks Investment Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Goldman Sachs Group cut shares of Caterpillar from a “conviction-buy” rating to a “buy” rating in a research note on Monday, July 16th. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $172.22.

Caterpillar Profile

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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