Cambridge Advisors Lowers stake in Caterpillar (CAT)

Caterpillar (CAT) : Cambridge Advisors reduced its stake in Caterpillar by 0.24% during the most recent quarter end. The investment management company now holds a total of 16,508 shares of Caterpillar which is valued at $1,388,323 after selling 39 shares in Caterpillar , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Caterpillar makes up approximately 0.62% of Cambridge Advisors’s portfolio.

Other Hedge Funds, Including , Umb Bank N Amo reduced its stake in CAT by selling 2,980 shares or 6.26% in the most recent quarter. The Hedge Fund company now holds 44,609 shares of CAT which is valued at $3,751,617. Caterpillar makes up approx 0.15% of Umb Bank N Amo’s portfolio.Acadian Asset Management boosted its stake in CAT in the latest quarter, The investment management firm added 1,237 additional shares and now holds a total of 6,659 shares of Caterpillar which is valued at $530,656.Nn Investment Partners Holdings N.v. boosted its stake in CAT in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 453,859 shares of Caterpillar which is valued at $36,168,024. Caterpillar makes up approx 0.33% of Nn Investment Partners Holdings N.v.’s portfolio.

Caterpillar closed down -0.16 points or -0.19% at $82.76 with 42,74,241 shares getting traded on Friday. Post opening the session at $82.8, the shares hit an intraday low of $82.1345 and an intraday high of $83.14 and the price fluctuated in this range throughout the day.Shares ended Friday 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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