As Caterpillar INC Del (CAT) Market Valuation Rose, Gotham Asset Management LLC Trimmed by $6.84 Million Its Position

March 14, 2018 - By Stephen Andrade

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.14, from 0.96 in 2017Q2. It increased, as 50 investors sold CAT shares while 377 reduced holdings. 125 funds opened positions while 344 raised stakes. 401.83 million shares or 0.39% less from 403.41 million shares in 2017Q2 were reported. Ls Inv Advsrs Ltd has invested 0.19% in Caterpillar Inc. (NYSE:CAT). Plante Moran Lc owns 1,045 shares for 0.08% of their portfolio. Hyman Charles D reported 144,933 shares or 2.25% of all its holdings. The Illinois-based First Midwest Commercial Bank Trust Division has invested 0.37% in Caterpillar Inc. (NYSE:CAT). Jolley Asset Limited holds 830 shares or 0.07% of its portfolio. Princeton Port Strategies Limited Liability Company owns 2,980 shares for 0.1% of their portfolio. Redmond Asset Mngmt Ltd Liability Com holds 0.11% or 1,916 shares in its portfolio. Huntington Steele Ltd reported 0.14% in Caterpillar Inc. (NYSE:CAT). Thompson Davis holds 0.18% in Caterpillar Inc. (NYSE:CAT) or 820 shares. Counselors owns 133,171 shares. Grassi Invest invested in 55,000 shares. Tiaa Cref Mgmt Ltd Liability Co invested 0.29% in Caterpillar Inc. (NYSE:CAT). Choate Advsr reported 2,431 shares. Rathbone Brothers Public Ltd Co holds 0.11% or 19,810 shares. Texas Permanent School Fund has 163,776 shares.

Since October 26, 2017, it had 0 insider purchases, and 4 sales for $16.35 million activity. De Lange Bob also sold $216,276 worth of Caterpillar Inc. (NYSE:CAT) shares. Pellette Thomas A sold $15.53M worth of stock. $84,723 worth of Caterpillar Inc. (NYSE:CAT) was sold by Long Suzette M.

Joel Greenblatt decreased its stake in Caterpillar Inc Del (CAT) by 10.67% based on its latest 2017Q3 regulatory filing with the SEC. Gotham Asset Management Llc sold 55,150 shares as the company’s stock rose 3.62% with the market. The hedge fund run by Joel Greenblatt held 461,499 shares of the capital goods company at the end of 2017Q3, valued at $57.55M, down from 516,649 at the end of the previous reported quarter. Gotham Asset Management Llc who had been investing in Caterpillar Inc Del for a number of months, seems to be less bullish one the $91.16B market cap company. The stock decreased 0.75% or $1.15 during the last trading session, reaching $152.54. About 4.86 million shares traded. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since March 14, 2017 and is uptrending. It has outperformed by 30.83% the S&P500.

Gotham Asset Management Llc, which manages about $5.96 billion and $6.81B US Long portfolio, upped its stake in Hawaiian Holdings Inc (NASDAQ:HA) by 115,181 shares to 297,126 shares, valued at $11.16M in 2017Q3, according to the filing. It also increased its holding in Cdk Global Inc (NASDAQ:CDK) by 103,902 shares in the quarter, for a total of 222,961 shares, and has risen its stake in Ansys Inc (NASDAQ:ANSS).

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on April, 24. They expect $2.04 earnings per share, up 59.38 % or $0.76 from last year’s $1.28 per share. CAT’s profit will be $1.22B for 18.69 P/E if the $2.04 EPS becomes a reality. After $2.16 actual earnings per share reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -5.56 % negative EPS growth.

More important recent Caterpillar Inc. (NYSE:CAT) news were published by: which released: “South Milwaukee mayor suggested Caterpillar site for Foxconn” on March 13, 2018, also published article titled: “Caterpillar Inc (NYSE:CAT) Technicals Suggest a Downward Trend”, published: “Is Caterpillar Inc. (CAT) a Buy?” on February 23, 2018. More interesting news about Caterpillar Inc. (NYSE:CAT) was released by: and their article: “Caterpillar (CAT) Feb. Rolling 3-Month World Machine Sales Increase 33%” with publication date: March 13, 2018.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 32 analysts covering Caterpillar Inc. (NYSE:CAT), 17 have Buy rating, 4 Sell and 11 Hold. Therefore 53% are positive. Caterpillar Inc. had 121 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Caterpillar Inc. (NYSE:CAT) has “Buy” rating given on Monday, February 12 by J.P. Morgan. The company was maintained on Thursday, January 11 by RBC Capital Markets. The stock has “Market Perform” rating by BMO Capital Markets on Friday, September 25. The stock of Caterpillar Inc. (NYSE:CAT) earned “Buy” rating by Deutsche Bank on Monday, September 28. As per Wednesday, July 29, the company rating was downgraded by TheStreet. Seaport Global upgraded the stock to “Buy” rating in Tuesday, January 23 report. Deutsche Bank downgraded Caterpillar Inc. (NYSE:CAT) rating on Friday, June 23. Deutsche Bank has “Hold” rating and $106 target. The stock has “Buy” rating by Argus Research on Thursday, February 1. On Monday, October 30 the stock rating was maintained by Tigress Financial with “Buy”. The stock of Caterpillar Inc. (NYSE:CAT) earned “Overweight” rating by Barclays Capital on Tuesday, February 7.

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