GHP Investment Advisors Inc. Has $6.33 Million Stock Holdings in Cummins Inc. (NYSE:CMI)

GHP Investment Advisors Inc. increased its stake in shares of Cummins Inc. (NYSE:CMI) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,151 shares of the company’s stock after buying an additional 303 shares during the period. GHP Investment Advisors Inc.’s holdings in Cummins were worth $6,328,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC lifted its position in shares of Cummins by 59.6% during the fourth quarter. Global Trust Asset Management LLC now owns 75 shares of the company’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Cummins during the 3rd quarter worth $32,000. Kathleen S. Wright Associates Inc. bought a new position in Cummins in the 3rd quarter valued at $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Cummins in the 3rd quarter valued at $55,000. Finally, Friedenthal Financial bought a new stake in shares of Cummins during the fourth quarter worth $55,000. Institutional investors own 83.46% of the company’s stock.

Cummins Stock Down 0.2 %

NYSE:CMI opened at $369.22 on Friday. The stock has a market cap of $50.65 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.64 and a beta of 1.00. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $361.92 and a two-hundred day moving average price of $334.98. Cummins Inc. has a 1 year low of $247.23 and a 1 year high of $387.90.

Cummins (NYSE:CMI) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.46. The business had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.06 billion. Cummins had a return on equity of 26.86% and a net margin of 6.13%. Cummins’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.14 EPS. As a group, equities analysts expect that Cummins Inc. will post 20.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CMI shares. The Goldman Sachs Group raised their price target on Cummins from $324.00 to $370.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Citigroup lowered their price target on shares of Cummins from $435.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered shares of Cummins from a “strong-buy” rating to a “buy” rating in a report on Thursday. Bank of America raised shares of Cummins from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $354.00 to $358.00 in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised Cummins from an “underweight” rating to a “neutral” rating and increased their price target for the company from $355.00 to $420.00 in a research note on Monday, December 9th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Cummins presently has a consensus rating of “Hold” and an average target price of $383.08.

Insider Transactions at Cummins

In related news, VP Sharon R. Barner sold 2,001 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $358.43, for a total value of $717,218.43. Following the completion of the transaction, the vice president now directly owns 20,803 shares of the company’s stock, valued at approximately $7,456,419.29. This represents a 8.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 6,328 shares of company stock valued at $2,300,040 over the last quarter. Corporate insiders own 0.56% of the company’s stock.

About Cummins

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.