Parallax Volatility Advisers buys $20,440,078 stake in Caterpillar (CAT)

Caterpillar (CAT) : Parallax Volatility Advisers scooped up 235,504 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 246,266 shares of Caterpillar which is valued at $20,440,078.Caterpillar makes up approximately 0.92% of Parallax Volatility Advisers’s portfolio.

Other Hedge Funds, Including , J.p. Marvel Investment Advisors reduced its stake in CAT by selling 78 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 12,526 shares of CAT which is valued at $1,039,658. Caterpillar makes up approx 0.35% of J.p. Marvel Investment Advisors’s portfolio.Mackenzie Financial Corp reduced its stake in CAT by selling 33,974 shares or 85.47% in the most recent quarter. The Hedge Fund company now holds 5,774 shares of CAT which is valued at $479,242.Financial Counselors Inc reduced its stake in CAT by selling 599 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 72,362 shares of CAT which is valued at $6,023,413. Caterpillar makes up approx 0.35% of Financial Counselors Inc’s portfolio.Supplemental Annuity Collective Trust Of Nj boosted its stake in CAT in the latest quarter, The investment management firm added 638 additional shares and now holds a total of 10,000 shares of Caterpillar which is valued at $820,300. Caterpillar makes up approx 0.40% of Supplemental Annuity Collective Trust Of Nj’s portfolio.Regentatlantic Capital reduced its stake in CAT by selling 6,530 shares or 20.69% in the most recent quarter. The Hedge Fund company now holds 25,038 shares of CAT which is valued at $1,995,278. Caterpillar makes up approx 0.19% of Regentatlantic Capital’s portfolio.

Caterpillar closed down -0.5 points or -0.61% at $81.45 with 41,02,195 shares getting traded on Thursday. Post opening the session at $81.59, the shares hit an intraday low of $80.57 and an intraday high of $82 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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