Parametric Risk Advisors Lowers stake in Caterpillar (CAT)

Caterpillar (CAT) : Parametric Risk Advisors reduced its stake in Caterpillar by 5.43% during the most recent quarter end. The investment management company now holds a total of 228,005 shares of Caterpillar which is valued at $18,924,415 after selling 13,086 shares in Caterpillar , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Caterpillar makes up approximately 1.17% of Parametric Risk Advisors’s portfolio.

Other Hedge Funds, Including , Valley National Advisers Inc reduced its stake in CAT by selling 242 shares or 6.78% in the most recent quarter. The Hedge Fund company now holds 3,326 shares of CAT which is valued at $276,058. Caterpillar makes up approx 0.14% of Valley National Advisers Inc’s portfolio.Clean Yield Group boosted its stake in CAT in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 784 shares of Caterpillar which is valued at $65,934. Caterpillar makes up approx 0.03% of Clean Yield Group’s portfolio.Community Bank Trust Waco Texas reduced its stake in CAT by selling 1,520 shares or 7.58% in the most recent quarter. The Hedge Fund company now holds 18,525 shares of CAT which is valued at $1,557,953. Caterpillar makes up approx 0.83% of Community Bank Trust Waco Texas’s portfolio.Beech Hill Advisors reduced its stake in CAT by selling 200 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 5,740 shares of CAT which is valued at $457,421. Caterpillar makes up approx 0.30% of Beech Hill Advisors’s portfolio.Carlton Hofferkamp Jenks Wealth Management boosted its stake in CAT in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 3,215 shares of Caterpillar which is valued at $256,203. Caterpillar makes up approx 0.20% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.

Caterpillar opened for trading at $82.51 and hit $83.35 on the upside on Monday, eventually ending the session at $83.1, with a gain of 0.53% or 0.44 points. The heightened volatility saw the trading volume jump to 22,53,599 shares. Company has a market cap of $48,550 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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