Atlantic Trust Group LLC Boosts Stake in Cummins Inc. (CMI)

Lloyd Doyle
January 13, 2018

Texas Yale Capital Corp. now owns 2,016 shares of the company's stock worth $327,000 after buying an additional 25 shares in the last quarter. A lower number would indicate that the company has been undervalued, where its stock is relatively low-priced in connection to its free cash flow. The firm has a market capitalization of $24.45 billion, a P/E ratio of 21.20 and a beta of 1.34. 1,216,649 shares of the company's stock were exchanged, compared to its average volume of 1,220,000. About 765,926 shares traded. 3M Company (NYSE:MMM) has risen 18.59% since January 11, 2017 and is uptrending. It has outperformed by 45.93% the S&P500. The Illinois-based Peak6 Investments Limited Partnership has invested 0.02% in Cummins Inc.

Several other hedge funds have also recently modified their holdings of CMI. Institutional investors own 80.76% of the company's stock. Marshfield Associates who had been investing in Cummins Inc for a number of months, seems to be less bullish one the $30.58B market cap company. It has outperformed by 26.62% the S&P500.

Since August 9, 2017, it had 0 insider purchases, and 1 insider sale for $260,085 activity.

Among 28 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. CMI was included in 91 notes of analysts from July 22, 2015.

Shares of Cummins Inc. (NYSE CMI) traded up $3.34 during trading hours on Thursday, hitting $183.90. Vetr lowered shares of Cummins from a "strong-buy" rating to a "buy" rating and set a $141.73 price target for the a research note on Tuesday, October 18th. Deutsche Bank downgraded Cummins Inc. (NYSE:CMI) or 524,129 shares. Evercore upgraded the stock to "Buy" rating in Monday, November 7 report. The rating was maintained by Piper Jaffray with "Hold" on Monday, September 11. RBC Capital Markets maintained Cummins Inc.

Public Employees Retirement System of OH lowered its stake in shares of Cummins Inc. The rating was downgraded by Longbow on Thursday, October 12 to "Neutral".

Analysts on average have given a price target of $180.29 to Cummins Inc. The institutional investor held 8,950 shares of the transportation company at the end of 2017Q3, valued at $681,000, down from 13,180 at the end of the previous reported quarter. They expect $2.60 EPS, up 15.56% or $0.35 from last year's $2.25 per share. HUBB's profit would be $77.68M giving it 23.62 P/E if the $1.42 EPS is correct. After $2.71 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.06% negative EPS growth.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It improved, as 57 investors sold CMI shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Kings Point Capital Management has 0.03% invested in Cummins Inc. Ancora Limited Liability Company reported 0.01% of its portfolio in Cummins Inc. Evanson Asset Ltd Liability Company stated it has 3,836 shares or 0.17% of all its holdings. Guardian Life Ins Of America stated it has 357 shares or 0.01% of all its holdings. Benjamin F Edwards And holds 0.09% or 4,252 shares in its portfolio. Toronto Dominion Bancshares holds 0.03% in Cummins Inc. (NYSE:MRK). Northstar Asset Llc invested in 18,194 shares. 5,679 were reported by Qs Invsts Ltd Liability Com. (NYSE:CMI) or 4,572 shares. Moreover, Css Lc Il has 0.01% invested in Opko Health, Inc. (NYSE:CMI). 5,293 were accumulated by City Holdg. Hartline Invest holds 1,528 shares. Royal Comml Bank Of Canada has 652,507 shares for 0.05% of their portfolio. (NYSE:CMI). Perella Weinberg Capital Mngmt Limited Partnership holds 0.05% or 3,191 shares. (NASDAQ:TMUS) to report earnings on February, 13. The Bridgeway Capital Management Inc holds 242,300 shares with $11.67 million value, up from 192,300 last quarter. APG Asset Management N.V. raised its stake in shares of Cummins by 129.0% in the third quarter. Its up 0.09, from 1.01 in 2017Q2. THULIN INGE G had sold 6,823 shares worth $1.59 million on Friday, October 27. Pinnacle Associates owns 146,182 shares or 0.17% of their U.S. portfolio. New York-based Barrett Asset Lc has invested 0.01% in T-Mobile US, Inc. Northwest Quadrant Wealth Management LLC now owns 2,251 shares of the company's stock worth $360,000 after buying an additional 11 shares in the last quarter. 5,353 are held by First National Trust. Heritage Mngmt invested in 49,709 shares. State Of Wisconsin Investment Board has 362,143 shares. State Of Tennessee Treasury Department holds 0.44% or 416,674 shares in its portfolio. Jacobs Levy Equity Mgmt Incorporated invested in 0.11% or 93,301 shares. Cornerstone Advsrs holds 0.07% or 642 shares. Ubs Oconnor Ltd, Illinois-based fund reported 346,730 shares. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. Therefore 65% are positive. The firm has "Market Perform" rating given on Friday, October 6 by Wells Fargo. The rating was maintained by BMO Capital Markets on Friday, July 28 with "Buy". (NASDAQ:TMUS) has "Neutral" rating given on Tuesday, January 10 by Moffett Nathanson. Cowen & Co maintained C.H. Robinson Worldwide, Inc. Stifel Nicolaus maintained the stock with "Hold" rating in Thursday, April 13 report. (NASDAQ:CHRW) has "Underperform" rating given on Wednesday, December 2 by Bank of America.

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