Koshinski Asset Management Inc. Boosts Holdings in Cummins Inc. (NYSE:CMI)

Koshinski Asset Management Inc. lifted its stake in Cummins Inc. (NYSE:CMI) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,372 shares of the company’s stock after purchasing an additional 162 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Cummins were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Prospera Private Wealth LLC purchased a new position in shares of Cummins in the 3rd quarter worth about $32,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Cummins in the 3rd quarter worth about $34,000. Friedenthal Financial purchased a new position in shares of Cummins in the 4th quarter worth about $55,000. Ashton Thomas Securities LLC purchased a new position in shares of Cummins in the 3rd quarter worth about $55,000. Finally, Bangor Savings Bank raised its position in shares of Cummins by 24.6% in the 4th quarter. Bangor Savings Bank now owns 177 shares of the company’s stock worth $62,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

Insider Activity at Cummins

In other Cummins news, VP Sharon R. Barner sold 162 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $357.04, for a total value of $57,840.48. Following the completion of the transaction, the vice president now directly owns 20,803 shares in the company, valued at $7,427,503.12. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 6,489 shares of company stock worth $2,357,531. 0.56% of the stock is owned by company insiders.

Cummins Trading Down 0.4 %

Shares of NYSE:CMI opened at $365.76 on Thursday. The stock has a 50 day moving average of $363.73 and a 200 day moving average of $329.56. The company has a market cap of $50.17 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cummins Inc. has a 12-month low of $234.04 and a 12-month high of $387.90.

Cummins (NYSE:CMI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $5.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.89 by $0.97. The company had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.29 billion. Cummins had a return on equity of 26.86% and a net margin of 6.13%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $4.73 EPS. As a group, equities research analysts expect that Cummins Inc. will post 21.92 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America raised Cummins from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $354.00 to $358.00 in a research report on Tuesday, January 14th. StockNews.com raised Cummins from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Jefferies Financial Group boosted their target price on Cummins from $410.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Robert W. Baird boosted their target price on Cummins from $330.00 to $372.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Citigroup decreased their target price on Cummins from $435.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $374.25.

Cummins Profile

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.