Cummins Inc (NYSE:CMI) Sellers Decreased Their Shorts By 11.1%

April 16, 2018 - By Michael Garrison

Cummins Inc. (NYSE:CMI) Corporate Logo

During 2017 Q4 the big money sentiment increased to 1.27. That’s change of 0.17, from 2017Q3’s 1.1. 47 investors sold all, 251 reduced holdings as Cummins Inc. ratio is positive. 271 increased holdings while 108 funds took holdings. Funds hold 131.82 million shares thus 0.31% less from 2017Q3’s 132.23 million shares.
First Fincl In owns 393 shs. Richard Bernstein Advsrs Limited Liability Company owns 12,719 shs. Pacific Global Investment Mngmt Communication, California-based fund reported 1,155 shs. Putnam Fl Inv Management owns 17,335 shs for 0.28% of their capital. Monroe Comml Bank & Tru Mi reported 0% in Cummins Inc. (NYSE:CMI). Retirement Of Alabama, Alabama-based fund reported 107,046 shs. Yhb Invest Advisors reported 8,289 shs. Johnson Finance Group Inc Inc holds 0.15% of its capital in Cummins Inc. (NYSE:CMI) for 7,075 shs. Voya Investment Mgmt Ltd Liability Corporation owns 169,591 shs for 0.06% of their capital. Sumitomo Mitsui Asset Mgmt Com Limited invested in 11,707 shs or 0.03% of the stock. Cetera Advisors Limited Liability Com holds 8,203 shs. Advantus Capital Management Inc has 0.07% invested in Cummins Inc. (NYSE:CMI) for 15,667 shs. Boston Ltd Liability accumulated 177,199 shs or 0.68% of the stock. Goelzer invested 0.04% of its capital in Cummins Inc. (NYSE:CMI). Westpac Corporation holds 0.14% of its capital in Cummins Inc. (NYSE:CMI) for 35,936 shs.

Cummins Inc (NYSE:CMI) had a decrease of its shorted shares by 11.1%. FINRA issued in April CMI’s total 4.10M shorted shares. That’s 11.1% down from 4.62 million shares. Former CMI’s position will need 3 days to restore. It has 1.29 million average volume. Cummins Inc float short is 2.49%.

The stock increased 2.95% or $4.7933 during the last trading session, reaching $167.1833.Currently Cummins Inc. is uptrending after 6.07% change in last April 16, 2017. CMI has 624,618 shares volume. The stock underperformed the S&P 500 by 5.48%.

Cummins Inc., together with its subsidiaries, designs, makes, distributes, and services diesel and natural gas engines, and engine-related component products worldwide.The firm is valued at $27.52 billion. It operates through Engine, Distribution, Components, and Power Systems divisions.28 is the P/E ratio. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, gas and oil, defense, and agricultural markets.

Cummins Inc. (NYSE:CMI) Ratings Coverage

In total 19 analysts cover Cummins (NYSE:CMI). “Buy” rating has 7, “Sell” are 1, while 11 are “Hold”. 37% are bullish. 29 are the (NYSE:CMI)’s analyst reports since October 18, 2017 according to StockzIntelligence Inc. On Wednesday, November 8 the stock has “Market Perform” rating by BMO Capital Markets. On Wednesday, November 1 the firm earned “Sell” rating by Robert W. Baird. On Wednesday, November 1 the firm has “Buy” rating given by Buckingham Research. In Tuesday, February 6 report Robert W. Baird maintained the stock with “Sell” rating. On Thursday, February 22 Wells Fargo maintained Cummins Inc. (NYSE:CMI) with “Buy” rating. On Wednesday, November 1 Jefferies maintained the shares of CMI in report with “Hold” rating. On Tuesday, April 10 the stock of Cummins Inc. (NYSE:CMI) has “Neutral” rating given by JP Morgan. On Wednesday, October 18 the company was maintained by Stifel Nicolaus. The company rating was maintained by Jefferies on Friday, October 20. On Friday, December 8 the firm has “Hold” rating by Piper Jaffray given.

Cummins Inc. (NYSE:CMI) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.