Capital Management Corp VA lowered its position in Cummins Inc. (NYSE:CMI) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,909 shares of the company’s stock after selling 10,388 shares during the period. Capital Management Corp VA’s holdings in Cummins were worth $3,600,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BLB&B Advisors increased its position in Cummins by 10.4% in the fourth quarter. BLB&B Advisors now owns 3,183 shares of the company’s stock worth $280,000 after buying an additional 300 shares during the last quarter. Raymond James Trust increased its position in Cummins by 6.6% in the fourth quarter. Raymond James Trust now owns 3,293 shares of the company’s stock worth $290,000 after buying an additional 203 shares during the last quarter. Windsor Capital Management LLC increased its position in Cummins by 23.9% in the fourth quarter. Windsor Capital Management LLC now owns 4,068 shares of the company’s stock worth $358,000 after buying an additional 785 shares during the last quarter. VSR Financial Services Inc. bought a new position in Cummins during the fourth quarter worth about $392,000. Finally, First Financial increased its position in Cummins by 2.2% in the fourth quarter. First Financial now owns 4,640 shares of the company’s stock worth $408,000 after buying an additional 100 shares during the last quarter.

Shares of Cummins Inc. (NYSE:CMI) opened at 88.97 on Wednesday. The stock has a market capitalization of $15.71 billion and a P/E ratio of 9.52. Cummins Inc. has a 12-month low of $79.88 and a 12-month high of $146.13. The firm’s 50-day moving average is $87.10 and its 200 day moving average is $106.27.

A number of research analysts recently issued reports on CMI shares. BMO Capital Markets downgraded shares of Cummins from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $140.00 to $110.00 in a research report on Tuesday, October 6th. JPMorgan Chase & Co. dropped their target price on shares of Cummins from $131.00 to $110.00 in a research report on Friday, October 9th. Zacks Investment Research downgraded shares of Cummins from a “hold” rating to a “sell” rating in a research report on Wednesday, October 14th. Robert W. Baird dropped their target price on shares of Cummins to $162.00 in a research report on Thursday, October 15th. Finally, Morgan Stanley downgraded shares of Cummins from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $112.00 to $79.00 in a research report on Wednesday, October 28th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $109.32.

In related news, Director Leo Allen Bruno V. Di purchased 1,500 shares of the stock in a transaction dated Monday, November 16th. The stock was purchased at an average price of $99.52 per share, with a total value of $149,280.00. Following the transaction, the director now directly owns 2,803 shares in the company, valued at $278,954.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cummins Inc. is a global diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. It has four operating segments: Engine, Distribution, Components and Power Generation. The Company sells its products to original equipment manufacturers (NYSE:CMI), distributors and other customers. It serves its customers through a network of around 600 Company-owned and independent distributor locations and around 7,200 dealer locations in more than 190 countries. In addition, engines and engine components are manufactured by the Company’s joint ventures or independent licensees at its manufacturing plants in the United States, China, India, South Korea, Mexico and Sweden. Its subsidiaries include Cummins India Ltd. and Wuxi Cummins Turbo Technologies Co. Ltd.

12 Month Chart for NYSE:CMI

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