Markel Corp Continues to Hold Stake in Caterpillar, Inc. (CAT)
Markel Corp maintained its stake in Caterpillar, Inc. (NYSE:CAT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,000 shares of the industrial products company’s stock at the end of the 2nd quarter. Markel Corp’s holdings in Caterpillar were worth $29,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new stake in shares of Caterpillar in the 1st quarter worth approximately $107,000. First Personal Financial Services lifted its position in Caterpillar by 167.4% in the 1st quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 750 shares in the last quarter. Harfst & Associates Inc. bought a new position in Caterpillar in the 1st quarter valued at approximately $111,000. Financial Architects Inc lifted its position in Caterpillar by 5.7% in the 1st quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 65 shares in the last quarter. Finally, Reilly Financial Advisors LLC lifted its position in Caterpillar by 92.9% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 535 shares in the last quarter. 69.23% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on CAT shares. BidaskClub raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Seaport Global Securities started coverage on Caterpillar in a research report on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 price objective on the stock. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, Vetr cut Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 price objective on the stock. in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and a consensus price target of $111.74.
In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of Caterpillar stock in a transaction on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the transaction, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock valued at $22,979,332 in the last ninety days. 0.15% of the stock is owned by corporate insiders.
Caterpillar, Inc. (CAT) opened at 120.46 on Friday. The company has a market cap of $71.19 billion, a P/E ratio of 672.99 and a beta of 1.24. The company has a 50-day moving average of $115.54 and a 200 day moving average of $104.50. Caterpillar, Inc. has a one year low of $80.33 and a one year high of $121.39.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter in the previous year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts anticipate that Caterpillar, Inc. will post $5.24 earnings per share for the current year.
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Caterpillar Company Profile
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