Trexquant Investment LP Has $4.76 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Trexquant Investment LP lessened its stake in Caterpillar Inc. (NYSE:CAT) by 40.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,119 shares of the industrial products company’s stock after selling 9,016 shares during the quarter. Trexquant Investment LP’s holdings in Caterpillar were worth $4,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CAT. Flagship Wealth Advisors LLC bought a new position in Caterpillar in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC bought a new position in Caterpillar in the fourth quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar in the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Caterpillar during the 4th quarter worth about $34,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

NYSE:CAT opened at $287.57 on Friday. The firm’s fifty day moving average price is $346.83 and its two-hundred day moving average price is $371.31. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market cap of $137.44 billion, a P/E ratio of 13.03, a P/E/G ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a one year low of $281.50 and a one year high of $418.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. DA Davidson lifted their target price on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Bank of America reduced their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Finally, Evercore ISI boosted their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $383.80.

Insider Activity at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.