Baader Bank Aktiengesellschaft Has $911,000 Holdings in Cummins Inc. (NYSE:CMI)

Baader Bank Aktiengesellschaft trimmed its holdings in Cummins Inc. (NYSE:CMI) by 15.4% in the fourth quarter, Holdings Channel reports. The fund owned 2,613 shares of the company’s stock after selling 476 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Cummins were worth $911,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Global Trust Asset Management LLC grew its position in shares of Cummins by 59.6% in the 4th quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock valued at $26,000 after purchasing an additional 28 shares during the period. Chicago Capital LLC boosted its holdings in shares of Cummins by 0.9% in the third quarter. Chicago Capital LLC now owns 3,288 shares of the company’s stock valued at $1,065,000 after buying an additional 30 shares during the period. Equitable Trust Co. increased its position in shares of Cummins by 3.6% during the third quarter. Equitable Trust Co. now owns 920 shares of the company’s stock worth $298,000 after acquiring an additional 32 shares in the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of Cummins by 2.0% during the fourth quarter. Mayflower Financial Advisors LLC now owns 1,631 shares of the company’s stock worth $568,000 after acquiring an additional 32 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in Cummins by 1.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,876 shares of the company’s stock worth $520,000 after purchasing an additional 35 shares during the period. 83.46% of the stock is currently owned by institutional investors.

Cummins Stock Performance

CMI opened at $354.31 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 0.43. Cummins Inc. has a 12-month low of $236.00 and a 12-month high of $387.90. The business has a 50 day moving average of $363.40 and a 200-day moving average of $332.55. The stock has a market cap of $48.60 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.69 and a beta of 1.01.

Cummins (NYSE:CMI) last released its quarterly earnings data on Tuesday, November 5th. The company reported $5.86 EPS for the quarter, topping analysts’ consensus estimates of $4.89 by $0.97. The firm had revenue of $8.46 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Cummins had a net margin of 6.13% and a return on equity of 26.86%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.73 earnings per share. On average, equities research analysts expect that Cummins Inc. will post 21.92 earnings per share for the current year.

Insider Activity at Cummins

In other Cummins news, VP Sharon R. Barner sold 162 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $357.04, for a total value of $57,840.48. Following the transaction, the vice president now directly owns 20,803 shares of the company’s stock, valued at $7,427,503.12. This represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 6,490 shares of company stock worth $2,357,880. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Vertical Research lowered Cummins from a “buy” rating to a “hold” rating and set a $350.00 price target on the stock. in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised Cummins from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $355.00 to $420.00 in a research report on Monday, December 9th. StockNews.com upgraded shares of Cummins from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Jefferies Financial Group increased their target price on shares of Cummins from $410.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Evercore ISI upgraded shares of Cummins from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $294.00 to $408.00 in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $374.25.

About Cummins

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.