As Cummins INC (CMI) Shares Rose, Holder Usca Ria LLC Has Upped Its Position

August 11, 2017 - By Darrin Black

Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.01, from 1.07 in 2016Q3. It turned negative, as 44 investors sold CMI shares while 270 reduced holdings. 92 funds opened positions while 242 raised stakes. 129.92 million shares or 0.10% less from 130.04 million shares in 2016Q3 were reported. Dimensional Fund Advisors Limited Partnership stated it has 892,626 shares. California-based Schwab Charles Inv Mngmt Incorporated has invested 0.11% in Cummins Inc. (NYSE:CMI). Tarbox has invested 0.01% in Cummins Inc. (NYSE:CMI). Pennsylvania-based S&T Financial Bank Pa has invested 1.59% in Cummins Inc. (NYSE:CMI). Blackrock Institutional Tru Na holds 0.09% or 4.22M shares. Benjamin F Edwards & Co stated it has 4,661 shares. Birmingham Al invested in 27,478 shares or 1.58% of the stock. Winslow Evans And Crocker holds 0% of its portfolio in Cummins Inc. (NYSE:CMI) for 9,488 shares. Burke Herbert Bancorporation Tru Company holds 3,473 shares. 275,758 were reported by First Tru L P. Calamos Advsr Ltd Liability holds 0.03% or 29,150 shares in its portfolio. Gareth Morgan LP stated it has 19,642 shares or 0.23% of all its holdings. Old Republic International Corporation stated it has 1.39% in Cummins Inc. (NYSE:CMI). Pnc Services Grp Incorporated Incorporated owns 193,156 shares or 0.03% of their US portfolio. Blue Chip Ptnrs has invested 0.18% in Cummins Inc. (NYSE:CMI).

Since April 28, 2017, it had 0 insider buys, and 7 selling transactions for $8.52 million activity. On Tuesday, May 2 the insider CHAPMAN STEVEN M sold $1.07M. Shares for $206,911 were sold by HERMAN ALEXIS M. Shares for $604,139 were sold by Satterthwaite Tony. Shares for $169,527 were sold by NELSON GEORGIA R. The insider LINEBARGER NORMAN THOMAS sold 24,000 shares worth $3.91 million. $259,878 worth of Cummins Inc. (NYSE:CMI) was sold by Talaulicar Anant on Tuesday, May 30.

Usca Ria Llc increased its stake in Cummins Inc (CMI) by 194.32% based on its latest 2016Q4 regulatory filing with the SEC. Usca Ria Llc bought 35,016 shares as the company’s stock rose 1.30% with the market. The institutional investor held 53,036 shares of the industrial machinery and components company at the end of 2016Q4, valued at $7.25 million, up from 18,020 at the end of the previous reported quarter. Usca Ria Llc who had been investing in Cummins Inc for a number of months, seems to be bullish on the $26.12 billion market cap company. The stock rose 0.01% or $0.02 reaching $155.85 per share. About 1.29 million shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since August 11, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

More recent Cummins Inc. (NYSE:CMI) news were published by: Prweb.com which released: “Cummins Connected Diagnosticsâ„¢ Is Now Available Through Zonar’s Smart Fleet …” on August 08, 2017. Also Reuters.com published the news titled: “Cummins’ profit misses on higher costs, shares fall” on August 01, 2017. Investorplace.com‘s news article titled: “Why Under Armour Inc (UAA), Pitney Bowes Inc. (PBI) and Cummins Inc. (CMI) Are …” with publication date: August 01, 2017 was also an interesting one.

Cummins Inc. (NYSE:CMI) Ratings Coverage

Among 25 analysts covering Cummins (NYSE:CMI), 6 have Buy rating, 3 Sell and 16 Hold. Therefore 24% are positive. Cummins had 66 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets initiated Cummins Inc. (NYSE:CMI) on Tuesday, March 15 with “Sector Perform” rating. The company was maintained on Thursday, December 17 by Deutsche Bank. The stock has “Buy” rating by Longbow on Thursday, January 19. Macquarie Research maintained it with “Outperform” rating and $111 target in Friday, February 5 report. The company was maintained on Wednesday, October 28 by Deutsche Bank. On Wednesday, October 28 the stock rating was maintained by Macquarie Research with “Outperform”. The firm earned “Hold” rating on Tuesday, July 11 by Piper Jaffray. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, November 2. The firm has “Hold” rating by BB&T Capital given on Monday, September 28. As per Thursday, December 1, the company rating was downgraded by CLSA.

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