Arizona State Retirement System Sells 4,905 Shares of Caterpillar Inc. $CAT

The Arizona State Retirement System reduced its stake in Caterpillar Inc. by 3.6% in the fourth quarter, selling 4,905 shares, and now holds 132,423 shares valued at $75.86 million. While some institutions increased their holdings, insiders have collectively sold 125,950 shares worth $88.58 million in the last 90 days. Caterpillar is currently seen as having positive market sentiment due to increased price targets from analysts and its unexpected position as an AI/data-center play, despite some analysts noting macro risks and valuation concerns.

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