Parametric Risk Advisors buys $16.9 Million stake in Caterpillar (CAT)

Caterpillar (CAT) : Parametric Risk Advisors scooped up 7,954 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 241,091 shares of Caterpillar which is valued at $16.9 Million.Caterpillar makes up approximately 1.14% of Parametric Risk Advisors’s portfolio.

Other Hedge Funds, Including , Cibc World Markets Corp sold out all of its stake in CAT during the most recent quarter. The investment firm sold 42,152 shares of CAT which is valued $3 Million. Waterfront Capital Partners added CAT to its portfolio by purchasing 85,000 company shares during the most recent quarter which is valued at $6 Million. Caterpillar makes up approx 0.98% of Waterfront Capital Partners’s portfolio.Rmb Capital Management boosted its stake in CAT in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 3,690 shares of Caterpillar which is valued at $258,558. Caterpillar makes up approx 0.02% of Rmb Capital Management’s portfolio.

Caterpillar opened for trading at $71.63 and hit $72.7 on the upside on Wednesday, eventually ending the session at $72.57, with a gain of 2.08% or 1.48 points. The heightened volatility saw the trading volume jump to 50,42,258 shares. Company has a market cap of $42,371 M.

On the company’s financial health, Caterpillar reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 22, 2016. Analyst had a consensus of $0.68. The company had revenue of $9461.00 million for the quarter, compared to analysts expectations of $9454.87 million. The company’s revenue was down -25.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.72 EPS.

Many Wall Street Analysts have commented on Caterpillar. Goldman Upgraded Caterpillar on Apr 25, 2016 to ” Neutral”, Price Target of the shares are set at $78.Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 70 from a previous price target of $68 .Company shares were Reiterated by UBS on Apr 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 76 from a previous price target of $61 .

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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