Edgar Lomax Cova buys $46,635,376 stake in Caterpillar (CAT)

Caterpillar (CAT) : Edgar Lomax Cova scooped up 26,522 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 561,872 shares of Caterpillar which is valued at $46,635,376.Caterpillar makes up approximately 2.86% of Edgar Lomax Cova’s portfolio.

Other Hedge Funds, Including , Cleararc Capital Inc reduced its stake in CAT by selling 49 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 14,172 shares of CAT which is valued at $1,176,276. Caterpillar makes up approx 0.22% of Cleararc Capital Inc’s portfolio.Texas Permanent School Fund reduced its stake in CAT by selling 11,401 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 189,431 shares of CAT which is valued at $15,722,773. Caterpillar makes up approx 0.20% of Texas Permanent School Fund’s portfolio.Windsor Capital Management boosted its stake in CAT in the latest quarter, The investment management firm added 1,795 additional shares and now holds a total of 7,135 shares of Caterpillar which is valued at $593,917. Caterpillar makes up approx 0.34% of Windsor Capital Management’s portfolio.Obermeyer Wood Investment Counsel Lllp reduced its stake in CAT by selling 100 shares or 3.34% in the most recent quarter. The Hedge Fund company now holds 2,895 shares of CAT which is valued at $237,477. Caterpillar makes up approx 0.02% of Obermeyer Wood Investment Counsel Lllp’s portfolio.

Caterpillar opened for trading at $83.98 and hit $84.68 on the upside on Tuesday, eventually ending the session at $84.01, with a gain of 0.50% or 0.42 points. The heightened volatility saw the trading volume jump to 31,78,360 shares. Company has a market cap of $49,081 M.

On the company’s financial health, Caterpillar reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.96. The company had revenue of $10342.00 million for the quarter, compared to analysts expectations of $10131.20 million. The company’s revenue was down -16.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Caterpillar. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 73 from a previous price target of $70 .

Caterpillar Inc. is a manufacturer of construction and mining equipment diesel and natural gas engines industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries Construction Industries and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar CAT design versions of CAT and Caterpillar Electro-Motive FG Wilson MaK MWM Perkins Progress Rail SEM and Solar Turbines. It operates parts distribution centers at various locations including Morton Illinois; Arvin California; Denver Colorado; Miami Florida; Atlanta Georgia; St. Paul Minnesota and Dubai United Arab Emirates among others. Its subsidiaries include Caterpillar Life Insurance Company Cat Financial and Caterpillar Product Services Corporation (CPSC) among others.

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