Reynders Mcveigh Capital Management Trimmed By $15.28 Million Its Caterpillar (CAT) Stake; 4 Analysts Are Bullish Stantec Inc. (TSE:STN) Last Week

June 24, 2018 - By Winifred Garcia

Caterpillar Inc. (NYSE:CAT) Logo

Reynders Mcveigh Capital Management Llc decreased Caterpillar Inc (CAT) stake by 90.02% reported in 2018Q1 SEC filing. Reynders Mcveigh Capital Management Llc sold 2,256 shares as Caterpillar Inc (CAT)’s stock declined 4.79%. The Reynders Mcveigh Capital Management Llc holds 250 shares with $1.69M value, down from 2,506 last quarter. Caterpillar Inc now has $83.67B valuation. The stock increased 0.29% or $0.41 during the last trading session, reaching $139.94. About 5.22 million shares traded or 11.42% up from the average. Caterpillar Inc. (NYSE:CAT) has risen 48.40% since June 24, 2017 and is uptrending. It has outperformed by 35.83% the S&P500. Some Historical CAT News: 11/05/2018 – Caterpillar Sales Show Mining Is Booming Again in Latin America; 24/04/2018 – CATERPILLAR – WITH RESPECT TO SUPPLIERS, ALTHOUGH CONSTRAINTS REMAIN FOR SOME PARTS & COMPONENTS, CO SEEING IMPROVEMENTS IN MATERIAL FLOWS; 06/04/2018 – Boeing and Caterpillar, two companies that could be adversely affected by a trade war with China, both fell more than 3 percent; 08/05/2018 – Energy Storage North America 2018 Partners with CALSTART to Showcase the Future of Energy Storage and Clean Transportation; 23/04/2018 – CATERPILLAR – ASIA/PACIFIC MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED MARCH, UP 31 PCT; 25/04/2018 – European Industrials Bulldozed After Caterpillar’s Guidance; 13/03/2018 – CATERPILLAR – ASIA/PACIFIC MACHINES RETAIL SALES FOR 3-MONTH ROLLING PERIOD ENDED FEB. UP 41 PCT; 23/04/2018 – CATERPILLAR ROLLING 3-MOS MARCH MACHINE SALES WORLD UP 26%; 13/03/2018 – Caterpillar Inc. Files Form 8-K; 24/04/2018 – Industrial names falling after $CAT’s earnings call. Is this CAT’s warning to the world, and is more pain on the way for industrials?

Among 9 analysts covering Stantec Inc. (TSE:STN), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Stantec Inc. had 35 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by Scotia Capital on Monday, November 28. The firm earned “Sector Perform” rating on Monday, May 2 by National Bank Canada. The firm has “Hold” rating by Desjardins Securities given on Friday, June 3. The rating was maintained by Scotia Capital with “Outperform” on Friday, November 10. Scotia Capital upgraded the shares of STN in report on Friday, February 24 to “Outperform” rating. The rating was downgraded by RBC Capital Markets on Wednesday, July 22 to “Sector Perform”. The firm has “Buy” rating given on Tuesday, September 8 by Dundee Securities. As per Thursday, June 22, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating by Raymond James given on Tuesday, March 21. See Stantec Inc. (TSE:STN) latest ratings:

Investors sentiment decreased to 0.72 in Q1 2018. Its down 0.33, from 1.05 in 2017Q4. It turned negative, as 13 investors sold Stantec Inc. shares while 33 reduced holdings. 6 funds opened positions while 27 raised stakes. 63.69 million shares or 2.02% more from 62.43 million shares in 2017Q4 were reported. Tobam accumulated 100,000 shares. 208,170 were reported by Swiss Savings Bank. 2,400 are held by Fifth Third National Bank. Sentry Invests Corp has 0.58% invested in Stantec Inc. (TSE:STN). Mackenzie Corp has 0.04% invested in Stantec Inc. (TSE:STN) for 693,034 shares. 1832 Asset Mgmt Ltd Partnership reported 0% in Stantec Inc. (TSE:STN). Wells Fargo Mn stated it has 1 shares or 0% of all its holdings. Aperio Grp Lc has invested 0% in Stantec Inc. (TSE:STN). Pnc Fin Services Group Inc holds 320 shares or 0% of its portfolio. Envestnet Asset Mgmt Inc holds 89 shares or 0% of its portfolio. Invesco reported 0.01% in Stantec Inc. (TSE:STN). Addenda Cap has 222,133 shares. California-based Franklin Res Incorporated has invested 0.07% in Stantec Inc. (TSE:STN). Jupiter Asset Ltd has invested 0.42% in Stantec Inc. (TSE:STN). Connor Clark Lunn Mgmt reported 80,100 shares.

Stantec Inc. provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. The company has market cap of $3.87 billion. It operates through four divisions: Consulting Services – Canada, Consulting Services – United States, Consulting Services – Global, and Construction Services. It has a 20.16 P/E ratio. The firm provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental services, project management, and project economics; and construction management services.

The stock increased 0.27% or $0.09 during the last trading session, reaching $33.93. About 69,503 shares traded. Stantec Inc. (TSE:STN) has 0.00% since June 24, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical STN News: 10/05/2018 – Stantec 1Q Net C$36.8M; 19/03/2018 – STANTEC INC – SIGNED A LETTER OF INTENT TO ACQUIRE NORWEST CORPORATION; 11/05/2018 – Stantec 2018 Annual Meeting of Shareholders Results; 27/03/2018 – Stantec Acquires Shrewsbury, England-Based ESI Consulting; 18/05/2018 – JARISLOWSKY, FRASER LTD REPORTS 11.27 PCT PASSIVE STAKE IN STANTEC INC AS OF APRIL 30, 2018 – SEC FILING; 23/05/2018 – Stantec Tower Reaches New Heights as Edmonton’s Tallest Tower; 26/04/2018 – Stantec Closes Above 50-Day Moving Average: Technicals; 10/05/2018 – Stantec 1Q Rev C$876.6M; 15/05/2018 – Stantec to Work with Western Michigan University to Transform Main Campus South Neighborhood; 23/05/2018 – Stantec Tower Reaches New Heights as Edmonton’s Tallest Tower

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.18, from 1.13 in 2017Q4. It dived, as 72 investors sold CAT shares while 456 reduced holdings. 142 funds opened positions while 358 raised stakes. 390.42 million shares or 3.01% less from 402.55 million shares in 2017Q4 were reported. New Jersey Better Educational Savings reported 4,000 shares. Blue Chip Partners holds 3,980 shares. First Citizens Bancshares has 2,595 shares. State Of Tennessee Treasury Department holds 0.44% or 585,735 shares in its portfolio. 25,039 were accumulated by Bkd Wealth Advisors Limited Liability. Culbertson A N Communication Inc, a Virginia-based fund reported 37,112 shares. Caxton Assoc Lp reported 0.53% stake. Guardian Life Insurance Of America has 0.04% invested in Caterpillar Inc. (NYSE:CAT) for 1,369 shares. Schulhoff accumulated 0.15% or 1,750 shares. Regal Investment Llc holds 0.05% in Caterpillar Inc. (NYSE:CAT) or 1,628 shares. Element Cap Ltd Co holds 0.53% in Caterpillar Inc. (NYSE:CAT) or 154,583 shares. Gulf International Financial Bank (Uk) Ltd has invested 0.36% in Caterpillar Inc. (NYSE:CAT). Moreover, Liberty Mutual Asset has 0.11% invested in Caterpillar Inc. (NYSE:CAT) for 23,554 shares. Reliance Trust Of Delaware reported 7,914 shares. Thompson Siegel And Walmsley Limited Liability Corporation holds 0.01% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 6,660 shares.

More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Finance.Yahoo.com which released: “Why Caterpillar Inc (NYSE:CAT) Is A Dividend Rockstar” on June 02, 2018, also Finance.Yahoo.com with their article: “Caterpillar Stock Is Ready to Pounce Again After the Tariff Takedown” published on June 22, 2018, Seekingalpha.com published: “Caterpillar: Little Impact From US/China Trade War” on June 21, 2018. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Bizjournals.com and their article: “Caterpillar hums as oil patch recovery continues (slideshow) (Video)” published on June 18, 2018 as well as Benzinga.com‘s news article titled: “Selling Pressure Seems Ready To Ebb A Bit, But Trade Fears Haven’t Vanished” with publication date: June 20, 2018.

Among 35 analysts covering Caterpillar Inc. (NYSE:CAT), 18 have Buy rating, 4 Sell and 13 Hold. Therefore 51% are positive. Caterpillar Inc. had 137 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Caterpillar Inc. (NYSE:CAT) earned “Neutral” rating by Robert W. Baird on Wednesday, October 25. The stock of Caterpillar Inc. (NYSE:CAT) earned “Outperform” rating by BMO Capital Markets on Thursday, October 26. TheStreet downgraded Caterpillar Inc. (NYSE:CAT) on Wednesday, July 29 to “Hold” rating. The stock of Caterpillar Inc. (NYSE:CAT) earned “Hold” rating by RBC Capital Markets on Thursday, January 11. Citigroup upgraded Caterpillar Inc. (NYSE:CAT) on Monday, April 23 to “Buy” rating. The stock of Caterpillar Inc. (NYSE:CAT) has “Hold” rating given on Wednesday, July 5 by Jefferies. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, October 12 report. The stock of Caterpillar Inc. (NYSE:CAT) earned “Sector Perform” rating by RBC Capital Markets on Friday, September 25. UBS maintained the stock with “Buy” rating in Wednesday, April 25 report. The stock of Caterpillar Inc. (NYSE:CAT) has “Neutral” rating given on Friday, September 4 by Robert W. Baird.

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on July, 24. They expect $2.65 earnings per share, up 77.85% or $1.16 from last year’s $1.49 per share. CAT’s profit will be $1.58 billion for 13.20 P/E if the $2.65 EPS becomes a reality. After $2.82 actual earnings per share reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -6.03% negative EPS growth.

Caterpillar Inc. (NYSE:CAT) Institutional Positions Chart

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