Achmea Investment Management B.V. Lowers Stock Position in Caterpillar Inc. (NYSE:CAT)

Achmea Investment Management B.V. cut its holdings in Caterpillar Inc. (NYSE:CAT) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,618 shares of the industrial products company’s stock after selling 5,465 shares during the period. Achmea Investment Management B.V.’s holdings in Caterpillar were worth $39,402,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar in the 4th quarter worth approximately $31,000. Retirement Wealth Solutions LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $34,000. Albion Financial Group UT lifted its holdings in Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $36,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $338.50 on Thursday. The stock’s fifty day moving average is $361.80 and its two-hundred day moving average is $372.69. The company has a market capitalization of $161.78 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on CAT. Morgan Stanley lowered their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Bank of America decreased their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Evercore ISI upped their price objective on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average price target of $383.80.

Insider Buying and Selling at Caterpillar

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

Caterpillar 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.