Blue Edge Capital adds Caterpillar (CAT) to its portfolio

Caterpillar (CAT) : Blue Edge Capital added new position in Caterpillar during the most recent quarter end. The investment management firm now holds 9,094 shares of Caterpillar which is valued at $856,382 , the company said in a statement filed on Nov 14, 2016 with the SEC.Caterpillar makes up approximately 0.48% of Blue Edge Capital’s portfolio.

Other Hedge Funds, Including , Guardian Capital Advisors Lp boosted its stake in CAT in the latest quarter, The investment management firm added 315 additional shares and now holds a total of 22,415 shares of Caterpillar which is valued at $2,110,821. Caterpillar makes up approx 0.38% of Guardian Capital Advisors Lp’s portfolio.Dowling Yahnke boosted its stake in CAT in the latest quarter, The investment management firm added 1,259 additional shares and now holds a total of 48,714 shares of Caterpillar which is valued at $4,286,832. Caterpillar makes up approx 0.51% of Dowling Yahnke’s portfolio.

Caterpillar closed down -0.44 points or -0.47% at $92.34 with 47,15,937 shares getting traded on Monday. Post opening the session at $93.01, the shares hit an intraday low of $91.9 and an intraday high of $93.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Caterpillar reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.76. The company had revenue of $9160.00 million for the quarter, compared to analysts expectations of $9884.63 million. The company’s revenue was down -16.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Caterpillar. Caterpillar was Upgraded by Goldman to ” Buy” on Oct 11, 2016. Deutsche Bank Initiated Caterpillar on Sep 7, 2016 to “Buy”, Price Target of the shares are set at $98.

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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