Erste Asset Management GmbH increased its stake in Caterpillar Inc. (NYSE:CAT) by 32.7% in the 3rd quarter, purchasing 33,634 additional shares for a total holding worth $64.34 million. Other hedge funds also adjusted their positions in Caterpillar, which has an average analyst rating of “Moderate Buy” and a consensus target price of $712.52. Despite recent insider selling and increased short interest, analysts are forecasting continued growth for the company.
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Erste Asset Management GmbH Acquires 33,634 Shares of Caterpillar Inc. $CAT
Erste Asset Management GmbH increased its stake in Caterpillar Inc. (NYSE:CAT) by 32.7% in the 3rd quarter, purchasing 33,634 additional shares for a total holding worth $64.34 million. Other hedge funds also adjusted their positions in Caterpillar, which has an average analyst rating of “Moderate Buy” and a consensus target price of $712.52. Despite recent insider selling and increased short interest, analysts are forecasting continued growth for the company.