Zweig DiMenna Associates LLC Takes Position in Cummins Inc. (CMI)

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27 August, 2017

The Midwest Investment Management Llc holds 16,462 shares with $2.25 million value, down from 21,840 last quarter. Travelport Worldwide Ltd now has $1.82B valuation.

Cummins Inc. (NYSE:CMI), stock is trading $170.68 above the 52-week high and has displayed a high EPS growth of -3.10% in last 5 years. Travelport Worldwide Ltd (NYSE:TVPT) has risen 5.67% since August 23, 2016 and is uptrending. It has underperformed by 11.03% the S&P500.

State Street Corporation (NYSE:STT) gained 1.42% with the closing price of $93.64. (NASDAQ:CYTK) news were published by: Globenewswire.com which released: "Cytokinetics to Announce Second Quarter Results on August 2, 2017" on July 26, 2017, also Fool.com with their article: "Why Cytokinetics, Inc". Its up 7.68% from 3.13 million shares previously. 6,540 Cummins Inc. (NYSE:CMI) shares with value of $1.07 million were sold by CHAPMAN STEVEN M. $604,139 worth of Cummins Inc. (NYSE:CMI). Beese Fulmer Investment Mngmt Incorporated has 1.11% invested in Cummins Inc. About 439,373 shares traded. (NYSE:CMI). Moreover, Hartford Invest has 0.1% invested in Cummins Inc. It has outperformed by 26.62% the S&P500. ValuEngine boosted Cummins from a "hold" recommendation to a "buy" recommendation in a analysis note on Friday morning, Jun 2nd. Therefore 60% are positive. Apple Inc. had 281 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Neutral" rating given on Wednesday, January 11 by UBS. Barclays Capital maintained the stock with "Underweight" rating in Wednesday, October 28 report. The CMI switched 31.05% away from its 52 week minimum and distanced -10.91% from its 52 week peak. Sterne Agee CRT has "Buy" rating and $19 target. Cowen & Co maintained Travelport Worldwide Ltd (NYSE:TVPT) rating on Wednesday, August 2. The rating was maintained by Cowen & Co with "Buy" on Thursday, August 3. (The) lowered Cummins from a "conviction-buy" rating to a "buy" rating and set a $192.00 price target on the stock.in a report on Monday, August 7th. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma owns 1.05% invested in Cummins Inc. Belden Inc (NYSE:BDC) was raised too.

Cummins Inc., launched on February 3, 1919, designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. It has ranged in price between $152.52-$153.71 after having started the session at $152.52 as compared to the previous trading day's close of $152.06. The Company's divisions include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets.

Since January 1, 0001, it had 0 insider purchases, and 7 sales for $8.52 million activity. The shares were sold at an average price of $159.27, for a total value of $260,087.91. In the last quarter, insiders sold 59,883 shares of company stock worth $9,884,230. (NYSE:CMI) was sold by Ward Pat on Monday, June 19. It is down 43.32% since August 24, 2016 and is uptrending.

August 2 investment analysts at Deutsche Bank maintained a company rating of "Sell" and raised the price target to $147.00 from $112.00. Therefore 44% are positive. (NYSE CMI) traded down 2.01% during midday trading on Thursday, hitting $151.28.

More important recent Cummins Inc. (NYSE:CMI) on Monday, August 24 to "Buy" rating. BMO Capital Markets downgraded Cummins Inc. The company was downgraded on Thursday, July 14 by Standpoint Research. (PBI) and Cummins Inc. RBC Capital Markets initiated Cummins Inc. Macquarie Research maintained Cummins Inc. The stock has "Neutral" rating by Bank of America on Monday, April 18. The firm has "Hold" rating given on Friday, November 27 by Baader Wertpapierhandelsbank. Stifel Nicolaus reissued a "hold" recommendation and fixed a $155.00 price target (up from $150.00) on stocks of Cummins in a study note published on Wed, May 3rd. Macquarie Research maintained Cummins Inc. Warburg Research upgraded Continental AG (ETR:CON) rating on Tuesday, October 18. The rating was upgraded by Evercore on Monday, November 7 to "Buy".

Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.01, from 1.07 in 2016Q3. It improved, as 53 investors sold MS shares while 267 reduced holdings. 92 funds opened positions while 242 raised stakes. The company reported $2.53 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.58 by $0.05. Jacobs & Co Ca invested 0.76% of its portfolio in Cummins Inc. (NYSE:CMI) or 14,050 shares. Us Commercial Bank De invested in 0.06% or 120,327 shares. Ray Gerald L And Assocs reported 0.05% in Morgan Stanley (NYSE:MS). The number of shares now owned by investors are 168.17 mln.

Marshfield Associates holds 6.37% of its portfolio in Cummins Inc. for 610,635 shares. Rbf Cap Limited Liability Company invested in 812,500 shares. (NYSE:CMI). Hennessy Advsr has 20,100 shares for 0.08% of their portfolio. Bank of New York Mellon Corp raised its position in Cummins by 39.0% in the first quarter. Korea Inv Corp has 106,989 shares. (NYSE:CMI) or 9,518 shares.


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