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Citadel Advisors Has Trimmed Cummins (CMI) Position By $1.04 Million; Artisan Partners Asset Management Has 1.01 Sentiment

Citadel Advisors Llc decreased Cummins Inc (CMI) stake by 6.29% reported in 2017Q3 SEC filing. Citadel Advisors Llc sold 6,197 shares as Cummins Inc (CMI)’s stock rose 1.30%. The Citadel Advisors Llc holds 92,303 shares with $15.51M value, down from 98,500 last quarter. Cummins Inc now has $27.78 billion valuation. The stock increased 0.81% or $1.35 during the last trading session, reaching $168.17. About 756,936 shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since February 21, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Artisan Partners Asset Management Inc. is publicly owned investment manager. The company has market cap of $2.70 billion. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It has a 31.92 P/E ratio. It manages separate client-focused equity and fixed income portfolios.

The stock increased 5.97% or $2 during the last trading session, reaching $35.5. About 382,526 shares traded. Artisan Partners Asset Management Inc. (APAM) has declined 8.04% since February 21, 2017 and is downtrending. It has underperformed by 24.74% the S&P500.

Bernzott Capital Advisors holds 2.57% of its portfolio in Artisan Partners Asset Management Inc. for 552,786 shares. Channing Capital Management Llc owns 1.75 million shares or 2.14% of their US portfolio. Moreover, Sprott Inc. has 1.59% invested in the company for 190,000 shares. The California-based Kayne Anderson Rudnick Investment Management Llc has invested 1.3% in the stock. Legacy Capital Partners Inc., a Wisconsin-based fund reported 65,890 shares.

Analysts await Artisan Partners Asset Management Inc. (NYSE:APAM) to report earnings on April, 26. They expect $0.74 EPS, up 42.31% or $0.22 from last year’s $0.52 per share. APAM’s profit will be $56.30 million for 11.99 P/E if the $0.74 EPS becomes a reality. After $0.66 actual EPS reported by Artisan Partners Asset Management Inc. for the previous quarter, Wall Street now forecasts 12.12% EPS growth.

Among 29 analysts covering Cummins (NYSE:CMI), 9 have Buy rating, 3 Sell and 17 Hold. Therefore 31% are positive. Cummins had 100 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Cummins Inc. (NYSE:CMI) has “Buy” rating given on Tuesday, October 11 by Goldman Sachs. The firm earned “Hold” rating on Friday, December 8 by Piper Jaffray. The company was downgraded on Thursday, December 1 by CLSA. Standpoint Research upgraded the shares of CMI in report on Friday, August 21 to “Buy” rating. Deutsche Bank initiated it with “Sell” rating and $111 target in Wednesday, September 7 report. The rating was maintained by RBC Capital Markets on Thursday, November 2 with “Hold”. The rating was downgraded by Bank of America on Tuesday, December 1 to “Underperform”. The firm has “Underweight” rating by Barclays Capital given on Friday, September 25. The stock of Cummins Inc. (NYSE:CMI) earned “Neutral” rating by Goldman Sachs on Friday, December 1. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, October 10 report.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It increased, as 57 investors sold CMI shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. L & S holds 1.12% or 39,782 shares. Thrivent Fincl For Lutherans, a Minnesota-based fund reported 586,892 shares. 301 are held by Barrow Hanley Mewhinney & Strauss Ltd Llc. Quantitative Systematic Strategies Ltd Liability Company, a Connecticut-based fund reported 4,396 shares. Oakbrook Invests Limited Liability Company has invested 0.13% in Cummins Inc. (NYSE:CMI). Alethea Limited Liability has invested 0.63% of its portfolio in Cummins Inc. (NYSE:CMI). Clinton Gru stated it has 4,077 shares or 0.08% of all its holdings. New Mexico Educational Retirement Board has invested 0.12% in Cummins Inc. (NYSE:CMI). Bp Public owns 20,000 shares. Janney Montgomery Scott Limited Liability Company reported 0.07% stake. Orrstown Fincl Services reported 1.07% of its portfolio in Cummins Inc. (NYSE:CMI). Moreover, Cipher Capital Lp has 0.18% invested in Cummins Inc. (NYSE:CMI). Pggm Invs, a Netherlands-based fund reported 360,514 shares. Wetherby Asset Mgmt Inc reported 4,237 shares. Warren Averett Asset Ltd Liability Company invested 0.18% in Cummins Inc. (NYSE:CMI).

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on May, 1. They expect $2.86 earnings per share, up 21.19% or $0.50 from last year’s $2.36 per share. CMI’s profit will be $472.41M for 14.70 P/E if the $2.86 EPS becomes a reality. After $3.03 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -5.61% negative EPS growth.

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