Banco Bilbao Vizcaya Argentaria S.A. Has $10.61 Million Stake in Caterpillar Inc. $CAT

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 18.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,251 shares of the industrial products company’s stock after selling 5,068 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Caterpillar were worth $10,606,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CAT. Kilter Group LLC acquired a new position in shares of Caterpillar in the second quarter valued at $27,000. Marquette Asset Management LLC lifted its stake in shares of Caterpillar by 1,060.0% during the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after buying an additional 53 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth about $32,000. Joseph Group Capital Management bought a new stake in shares of Caterpillar during the 3rd quarter worth about $32,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in Caterpillar by 107.0% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 89 shares of the industrial products company’s stock valued at $35,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity

In other news, insider Anthony D. Fassino sold 7,891 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $776.90, for a total transaction of $6,130,517.90. Following the sale, the insider directly owned 46,643 shares of the company’s stock, valued at approximately $36,236,946.70. This represents a 14.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 22,656 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $720.11, for a total value of $16,314,812.16. Following the completion of the transaction, the insider owned 79,953 shares in the company, valued at $57,574,954.83. The trade was a 22.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 135,950 shares of company stock worth $94,327,990. 0.33% of the stock is owned by insiders.

Caterpillar Stock Down 1.0%

Shares of CAT opened at $693.89 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $789.81. The firm’s 50 day moving average is $693.92 and its 200-day moving average is $586.07. The stock has a market capitalization of $322.86 billion, a PE ratio of 36.87, a P/E/G ratio of 1.64 and a beta of 1.53.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The business had revenue of $19.13 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the company posted $5.14 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Williams Trading set a $825.00 price objective on shares of Caterpillar in a research report on Tuesday, March 10th. Royal Bank Of Canada upped their target price on Caterpillar from $587.00 to $658.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. CICC Research started coverage on Caterpillar in a report on Friday, February 6th. They set an “outperform” rating for the company. UBS Group restated a “neutral” rating and issued a $677.00 price target on shares of Caterpillar in a research note on Monday, February 2nd. Finally, Wall Street Zen lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $730.50.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.