Vicus Capital Lowers stake in Caterpillar (CAT)

Caterpillar (CAT) : Vicus Capital reduced its stake in Caterpillar by 3.18% during the most recent quarter end. The investment management company now holds a total of 6,419 shares of Caterpillar which is valued at $526,551 after selling 211 shares in Caterpillar , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Caterpillar makes up approximately 0.13% of Vicus Capital’s portfolio.

Other Hedge Funds, Including , New Jersey Better Educational Savings Trust added CAT to its portfolio by purchasing 11,000 company shares during the most recent quarter which is valued at $902,330. Caterpillar makes up approx 0.58% of New Jersey Better Educational Savings Trust’s portfolio.Retirement Systems Of Alabama reduced its stake in CAT by selling 18,610 shares or 3.05% in the most recent quarter. The Hedge Fund company now holds 590,713 shares of CAT which is valued at $49,678,963. Caterpillar makes up approx 0.28% of Retirement Systems Of Alabama’s portfolio.Daiwa Securities Group reduced its stake in CAT by selling 8,000 shares or 11.71% in the most recent quarter. The Hedge Fund company now holds 60,300 shares of CAT which is valued at $5,071,230. Caterpillar makes up approx 0.03% of Daiwa Securities Group’s portfolio.Benjamin F. Edwards Company boosted its stake in CAT in the latest quarter, The investment management firm added 3,575 additional shares and now holds a total of 13,153 shares of Caterpillar which is valued at $1,048,163. Caterpillar makes up approx 0.20% of Benjamin F. Edwards Company’s portfolio.

Caterpillar opened for trading at $83 and hit $83.79 on the upside on Monday, eventually ending the session at $83.44, with a gain of 1.07% or 0.88 points. The heightened volatility saw the trading volume jump to 35,44,827 shares. Company has a market cap of $48,748 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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