Caterpillar Inc. (CAT) Stake Lessened by Synovus Financial Corp
Victory Capital Management Inc. now owns 33,648 shares of the industrial products company’s stock valued at $3,616,000 after acquiring an additional 22,980 shares during the period. The institutional investor held 46,944 shares of the marine transportation company at the end of 2017Q3, valued at $2.54M, down from 59,943 at the end of the previous reported quarter.
Shares of Caterpillar Inc. LLC now owns 1,172 shares of the industrial products company’s stock valued at $146,000 after buying an additional 1,145 shares during the last quarter. About 4.45 million shares traded.
Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 25th. It has outperformed by 30.83% the S&P500. The industrial products company reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The stock was sold at an average price of $160.46, for a total value of $84,722.88. The Bridgeway Capital Management Inc holds 1.51M shares with $60.82 million value, down from 1.54 million last quarter. The stock increased 2.23% or $3.55 during the last trading session, reaching $162.41. About 1.26M shares traded. General Motors Company (NYSE:GM) has risen 7.92% since February 23, 2017 and is uptrending. It has underperformed by 6.25% the S&P500. Tocqueville Asset Ltd Partnership reported 0.5% of its portfolio in Caterpillar Inc. (NYSE:CAT). Fuller & Thaler Asset accumulated 5,100 shares or 0.01% of the stock. Therefore 52% are positive. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. research analysts anticipate that Caterpillar Inc. will post 9.05 earnings per share for the current fiscal year. RBC Capital Markets maintained the shares of CAT in report on Wednesday, October 25 with “Hold” rating.
ILLEGAL ACTIVITY WARNING: “Caterpillar Inc“. (NYSE:CAT). Banque Pictet & Cie reported 17,200 shares. Citigroup boosted their price target on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, December 21st. “(NYSE:CAT)” was first posted by Week Herald and is owned by of Week Herald. (NYSE:CAT) on Friday, September 8 with “Buy” rating. The rating was downgraded by Credit Suisse to “Hold” on Thursday, July 27. Stifel Nicolaus maintained Caterpillar Inc. The firm has “Buy” rating given on Friday, January 26 by Bank of America. The firm has “Hold” rating by Jefferies given on Tuesday, May 30.
Since October 26, 2017, it had 0 insider purchases, and 4 insider sales for $16.35 million activity. The fund owned 172,383 shares of the industrial products company’s stock after purchasing an additional 65,838 shares during the quarter. Pellette Thomas A sold $15.53M worth of stock. DICKINSON DANIEL M had sold 3,813 shares worth $522,724.
Investors sentiment increased to 1.1 in Q3 2017. Its up 0.01, from 0.88 in 2017Q2.
Several other institutional investors and hedge funds have also bought and sold shares of CAT. Southeast Asset Advisors Inc. raised its stake in Caterpillar by 0.3% during the 2nd quarter. Seaport Global Securities raised shares of Caterpillar from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $170.90 to $195.00 in a research report on Tuesday, January 23rd. 12,092 were reported by Westwood Grp. (NYSE:CAT). Douglass Winthrop Advsrs Ltd has invested 0.16% in Caterpillar Inc. Caterpillar Inc. has a 1-year low of $90.34 and a 1-year high of $173.24. 14,954 were reported by Papp L Roy & Assocs. Synovus Corp stated it has 5,436 shares. They expect $2.02 earnings per share, up 57.81% or $0.74 from last year’s $1.28 per share. Jennison Associates LLC boosted its holdings in shares of Caterpillar by 126.5% during the fourth quarter. Pacad Investment stated it has 29,211 shares or 0.81% of all its holdings. Rothschild Corp Il holds 0.07% or 4,796 shares. Staley Capital Advisers owns 11,800 shares for 0.12% of their portfolio. Gradient Investments LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $113,000. (NYSE:CAT). Arrow Corporation holds 3,219 shares or 0.1% of its portfolio. (NYSE:CAT) or 234,116 shares. Cme Group Inc Com Stk (NASDAQ:CME) was reduced too. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. Therefore 66% are positive. Caterpillar Inc. had 120 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Wednesday, February 14 by Morgan Stanley. The rating was maintained by BMO Capital Markets on Monday, July 3 with “Hold”. CLSA initiated General Motors Company (NYSE:GM) on Wednesday, June 21 with “Hold” rating. (NYSE:CAT) on Friday, September 8 with “Buy” rating. Finally, UBS Group set a $155.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Tuesday, December 5th. Robert W. Baird has “Hold” rating and $177.0 target. Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a report on Monday, October 30th. The stock has “Hold” rating by Jefferies on Monday, August 28. During the same period in the prior year, the company earned $0.83 EPS. GM’s profit will be $1.84 billion for 7.81 P/E if the $1.31 EPS becomes a reality. After $0.01 actual earnings per share reported by Gran Tierra Energy Inc. for the previous quarter, Wall Street now forecasts 500.00% EPS growth.
Investors sentiment increased to 0.89 in Q3 2017. Its down 0.15, from 1.02 in 2017Q2. Davenport & Company Llc who had been investing in Cat for a number of months, seems to be less bullish one the $96.62 billion market cap company.
Frontier Investment Mgmt Co. acquired a new position in Caterpillar Inc. Community Tru And owns 8,100 shares. Cypress Capital Management Ltd Liability (Wy) invested in 0.05% or 331 shares. Hanson Mcclain has 106 shares. Corporate insiders own 0.14% of the company’s stock. Glg Ltd Liability Corp holds 56,086 shares. Los Angeles Cap Management Equity Research, a California-based fund reported 387,531 shares. The hedge fund run by Zeke Ashton held 38,000 shares of the finance company at the end of 2017Q3, valued at $441,000, down from 95,000 at the end of the previous reported quarter.