A flurry of trading activity has surrounded Cummins Inc. (NYSE:CMI), with multiple asset management firms adjusting their stakes in the company. Some firms like Illinois Municipal Retirement Fund and Impax Asset Management Group reduced their holdings, while others like FourThought Financial Partners LLC and QRG Capital Management Inc. increased their ownership. The consensus rating from analysts remains a 'Hold' for Cummins. This comes as the company has delivered a promising return on investments over the past five years.
Positive news on the technological front has also culminated in Cummins introducing the X10, a durable mid-bore workhorse under the company’s 10-Liter platform projected for 2027. This introduction demonstrates Cummins’s commitment to efficiency in medium and heavy-duty vehicles. Moreover, the company's strength in data centers was highlighted by Jim Cramer, noting a 'Really, Really Good Quarter'. A few concerns have been raised around a securities investigation encouraging shareholders to inquire about potential losses. The company's Q4 earnings surpassed expectations, albeit accompanying a year-over-year sales decline.
Cummins CMI News Analytics from Tue, 09 Jul 2024 07:00:00 GMT to Sat, 01 Mar 2025 10:32:42 GMT - Rating 7 - Innovation 5 - Information 6 - Rumor -3
