Cummins Inc. (NYSE:CMI) has seen a remarkable flurry of activity with various asset management firms, significantly influencing their positions. While stake increases were reported by Cornerstone Wealth Group, Wealthcare Advisory Partners, Aspiriant, Ballentine Partners, Global Assets Advisory, and Park Avenue Securities, decreases were observed by Astoria Portfolio Advisors, Gateway Investment Advisers, and B. Riley Wealth Advisors. The company also executed the final separation of Atmus Filtration Technologies, following the announcement of preliminary exchange offer results. On the other hand, analysts varied in their recommendation, with Raymond James rating Cummins as a 'market perform', and an upgrade to a 'strong buy' later on. Cummins Q1 2024 earnings call showed positive strategic gains, despite a YoY decline. The stock performance witnessed a simultaneous decline and underperformance compared to the market. The company's hydrogen and electric solutions launch was announced by Accelera. Top executive, Tony Satterthwaite is set to retire from Cummins, following a notable stint. Cummins also concluded regulatory proceedings about emission certification, agreeing in principle to a settlement.
Cummins CMI News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Sun, 30 Jun 2024 19:49:58 GMT -
Rating 0
- Innovation 5
- Information 7
- Rumor -6
