Latest Stocks: Alpha Cubed Investments LLC Has $584,000 Stake in Caterpillar Inc. (CAT)

Latest Stocks: Alpha Cubed Investments LLC Has $584,000 Stake in Caterpillar Inc. (CAT)

Alpha Cubed Investments LLC increased its stake in Caterpillar Inc. (NYSE:CAT) by 20.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,292 shares of the industrial products company’s stock after buying an additional 1,076 shares during the period. Alpha Cubed Investments LLC’s holdings in Caterpillar were worth $584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Howe & Rusling Inc. raised its position in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock valued at $101,000 after buying an additional 372 shares during the period. Financial Architects Inc raised its position in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after buying an additional 65 shares during the period. Advantage Investment Management LLC bought a new position in shares of Caterpillar during the fourth quarter valued at approximately $125,000. Ledyard National Bank raised its position in shares of Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock valued at $132,000 after buying an additional 845 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Caterpillar by 1.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,533 shares of the industrial products company’s stock valued at $135,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 70.97% of the company’s stock.

Shares of Caterpillar Inc. (CAT) opened at 105.20 on Tuesday. The stock’s 50 day moving average is $101.21 and its 200-day moving average is $96.34. The stock’s market cap is $61.97 billion. Caterpillar Inc. has a one year low of $70.53 and a one year high of $107.17.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.66. Caterpillar had a positive return on equity of 13.44% and a negative net margin of 0.17%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that Caterpillar Inc. will post $4.12 EPS for the current year.

Several research analysts have commented on the stock. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $89.96 price objective for the company in a report on Monday, April 3rd. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research report on Thursday, March 16th. Credit Suisse Group AG set a $111.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Saturday, February 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $85.00 target price on shares of Caterpillar in a research report on Friday, March 3rd. Finally, Tigress Financial raised shares of Caterpillar from an “underperform” rating to a “neutral” rating in a research report on Thursday, March 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Caterpillar currently has a consensus rating of “Hold” and an average price target of $94.65. Caterpillar Company Profile

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT). Receive News & Ratings for Caterpillar Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Caterpillar Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).

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