Adams Asset Advisors buys $6,570,281 stake in Caterpillar (CAT)

Caterpillar (CAT) : Adams Asset Advisors scooped up 6,608 additional shares in Caterpillar during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 82,448 shares of Caterpillar which is valued at $6,570,281.Caterpillar makes up approximately 1.10% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , State Of Alaska Department Of Revenue boosted its stake in CAT in the latest quarter, The investment management firm added 780 additional shares and now holds a total of 46,370 shares of Caterpillar which is valued at $3,695,225. Caterpillar makes up approx 0.38% of State Of Alaska Department Of Revenue’s portfolio.Cape Cod Five Cents Savings Bank boosted its stake in CAT in the latest quarter, The investment management firm added 325 additional shares and now holds a total of 6,501 shares of Caterpillar which is valued at $524,631. Caterpillar makes up approx 0.09% of Cape Cod Five Cents Savings Bank’s portfolio.Atria Investments boosted its stake in CAT in the latest quarter, The investment management firm added 3,252 additional shares and now holds a total of 11,163 shares of Caterpillar which is valued at $889,579. Caterpillar makes up approx 0.09% of Atria Investments’s portfolio.American Investment Services boosted its stake in CAT in the latest quarter, The investment management firm added 33,335 additional shares and now holds a total of 174,957 shares of Caterpillar which is valued at $13,942,323. Caterpillar makes up approx 5.92% of American Investment Services’s portfolio.Creative Planning boosted its stake in CAT in the latest quarter, The investment management firm added 5,069 additional shares and now holds a total of 89,006 shares of Caterpillar which is valued at $7,092,888. Caterpillar makes up approx 0.05% of Creative Planning’s portfolio.

Caterpillar closed down -0.05 points or -0.06% at $79.69 with 41,85,481 shares getting traded on Wednesday. Post opening the session at $79.45, the shares hit an intraday low of $78.93 and an intraday high of $79.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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