St Germain D J Co INC Decreased Its Stake in Cummins INC (CMI) by $4.85 Million; Shares Declined

May 16, 2018 - By Benjamin Allen

Cummins Inc. (NYSE:CMI) Corporate LogoBig Money Sentiment increased to 1.27 in Q4 2017. It has change of 0.17, from 2017Q3’s 1.1. The ratio improved due to CMI positioning: 47 sold and 251 reduced. 108 funds bought stakes and 271 increased stakes. Investors holded 132.23 million in 2017Q3 but now own 131.82 million shares or 0.31% less. Moreover, Ameritas Investment Inc has 0.03% invested in Cummins Inc. (NYSE:CMI). Bp Pcl accumulated 18,000 shs. Hancock Comm reported 0.02% of its capital in Cummins Inc. (NYSE:CMI). Clark Mngmt Group Inc has 1.63% invested in Cummins Inc. (NYSE:CMI) for 302,070 shs. Piedmont Invest Lc invested 0.18% of its capital in Cummins Inc. (NYSE:CMI). Thompson Davis And Communication has 50 shs for 0.02% of their capital. Wagner Bowman reported 14,810 shs. Patten Grp has invested 0.03% of its capital in Cummins Inc. (NYSE:CMI). American International Group Incorporated Incorporated accumulated 86,488 shs. King Luther Capital Mgmt, Texas-based fund reported 1,230 shs. Parnassus Investments Ca has 100,000 shs for 0.07% of their capital. Sns Financial Group Ltd stated it has 10,151 shs. Macquarie Gp Ltd invested in 53,916 shs. Essex Financial Inc accumulated 4,025 shs. Hartline Invest Corp invested in 1,528 shs.

The holdings In Cummins Inc (CMI) was reduced owned by St Germain D J Co Inc. According to 2017Q4 SEC filling the decrease is 29.35%. By selling 27,532 shares St Germain D J Co Inc made the stock sank with 9.68%. At the end of 2017Q4, the 66,285 shares of the industrial machinery and components company held by the institutional investor were priced at $11.71 million, down from 93,817 at the end of the previous reported quarter. $24.13 billion is the market cap of Cummins Inc. Ticker’s shares touched $146.88 during the last trading session after 0.30% change.Currently Cummins Inc. is uptrending after 6.07% change in last May 16, 2017. CMI has 749,234 shares volume. CMI underperformed the S&P500 by 5.48%.

About $1.01 billion and $837.30 million US Long portfolio St Germain D J Co Inc manages. It increased its stake in Rayonier Inc (NYSE:RYN) by 100,025 shares to 357,780 shares, valued at $11.32M in 2017Q4, according to the filing. St Germain D J Co Inc has risen its stake in Verizon Communications (NYSE:VZ) and also increased its holding in General Mills Inc (NYSE:GIS) by 90,138 shares in the quarter, for a total of 175,675 shares.

On August, 7 is awaited Cummins Inc. (NYSE:CMI)’s earnings report, according to Faxor. Analysts forecast $3.59 EPS. That’s $1.06 up or 41.90 % from 2017’s earnings of $2.53. If reported the P/E will be 10.23 with $589.73 million profit. Analysts at Wall Street see Cummins Inc.’s 8.79 % EPS growth compared to $3.30 EPS for last quarter.

More recent Cummins Inc. (NYSE:CMI) news were released by Benzinga.com, Seekingalpha.com and Seekingalpha.com. The first one has “Analyst: Cummins’ Earnings Visibility Clouded By Overhang, Peaking End Markets” as a title and was released on May 02, 2018. The next is “Cummins Inc. 2018 Q1 – Results – Earnings Call Slides” on May 01, 2018. And last was released on May 06, 2018, called “Cummins: This Dividend Stock Is On Sale”.

Cummins Inc. (NYSE:CMI) Ratings Coverage

A total of 18 analysts rate Cummins (NYSE:CMI) as follows: 2 “Buy”, 14 “Hold” and 2 “Sell”. Тherefore 11% are bullish. (NYSE:CMI) has 29 ratings reports on May 16, 2018 according to StockzIntelligence. On Thursday, February 8 the rating was maintained by RBC Capital Markets with “Hold”. On Friday, January 19 the firm earned “Buy” rating by Bank of America. The company rating was maintained by Barclays Capital on Wednesday, January 24. On Monday, February 5 the firm has “Hold” rating given by Stifel Nicolaus. On Wednesday, February 7 Credit Suisse maintained the shares of CMI in report with “Outperform” rating. On Friday, May 4 the stock has “Neutral” rating by Citigroup. On Wednesday, December 6 the company was initiated by Oppenheimer. The stock rating was downgraded by UBS to “Sell” on Wednesday, May 2. On Friday, December 1 the rating was downgraded by Goldman Sachs to “Neutral”. On Wednesday, May 2 the rating was downgraded by Buckingham Research to “Neutral”.

Cummins Inc. (NYSE:CMI) Institutional Investors Chart

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