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Quantitative Investment Management Raised Its Regions Financial (RF) Stake; Cummins (CMI)’s Sentiment Is 1.27

Cummins Inc., together with its subsidiaries, designs, makes, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. The company has market cap of $26.18 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 26.65 P/E ratio. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, gas and oil, defense, and agricultural markets.

Quantitative Investment Management Llc increased Regions Financial Corp (RF) stake by 133.96% reported in 2017Q3 SEC filing. Quantitative Investment Management Llc acquired 567,300 shares as Regions Financial Corp (RF)’s stock declined 8.39%. The Quantitative Investment Management Llc holds 990,800 shares with $15.09M value, up from 423,500 last quarter. Regions Financial Corp now has $21.28B valuation. The stock decreased 2.97% or $0.58 during the last trading session, reaching $18.95. About 5.80M shares traded. Regions Financial Corporation (NYSE:RF) has risen 48.79% since March 22, 2017 and is uptrending. It has outperformed by 32.09% the S&P500.

Cincinnati Casualty Co holds 6.64% of its portfolio in Cummins Inc. for 46,000 shares. Marshfield Associates owns 565,735 shares or 6.31% of their US portfolio. Moreover, Raub Brock Capital Management Lp has 4.72% invested in the company for 109,491 shares. The Delaware-based Marvin & Palmer Associates Inc has invested 4.38% in the stock. Weybosset Research & Management Llc, a Rhode Island-based fund reported 38,550 shares.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on May, 1. They expect $2.89 EPS, up 22.46% or $0.53 from last year’s $2.36 per share. CMI’s profit will be $475.64 million for 13.76 P/E if the $2.89 EPS becomes a reality. After $3.03 actual EPS reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.62% negative EPS growth.

The stock decreased 1.48% or $2.39 during the last trading session, reaching $159.09. About 905,336 shares traded. Cummins Inc. (CMI) has risen 43.32% since March 22, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Ratings analysis reveals 43% of Cummins’s analysts are positive. Out of 7 Wall Street analysts rating Cummins, 3 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $109.0 while the high is $135.0. The stock’s average target of $118.33 is -25.62% below today’s ($159.09) share price. CMI was included in 7 notes of analysts from September 7, 2016. The company was initiated on Friday, September 30 by CLSA. The firm earned “Sell” rating on Wednesday, September 7 by Deutsche Bank. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, October 11. Stifel Nicolaus maintained Cummins Inc. (NYSE:CMI) on Wednesday, November 2 with “Hold” rating. The firm has “Equal Weight” rating given on Monday, January 9 by Barclays Capital. The company was initiated on Thursday, April 6 by Seaport Global Securities. The firm has “Buy” rating given on Thursday, January 19 by Longbow.

Quantitative Investment Management Llc decreased Amphenol Corp (NYSE:APH) stake by 65,900 shares to 193,000 valued at $16.34 million in 2017Q3. It also reduced Moody’s Corp (NYSE:MCO) stake by 15,300 shares and now owns 25,800 shares. Palo Alto Networks Inc (NYSE:PANW) was reduced too.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.23, from 0.95 in 2017Q2. It improved, as 61 investors sold RF shares while 185 reduced holdings. 58 funds opened positions while 176 raised stakes. 848.03 million shares or 4.66% less from 889.52 million shares in 2017Q2 were reported. Nomura Asset accumulated 183,211 shares or 0.04% of the stock. Rhumbline Advisers reported 2.32M shares. California Employees Retirement, California-based fund reported 4.21M shares. Salem Invest Counselors has 0.02% invested in Regions Financial Corporation (NYSE:RF). Creative Planning accumulated 0% or 46,899 shares. First Quadrant LP Ca stated it has 0.02% of its portfolio in Regions Financial Corporation (NYSE:RF). Laurion Cap Mngmt LP holds 0% of its portfolio in Regions Financial Corporation (NYSE:RF) for 4,600 shares. Art reported 61,700 shares stake. Bnp Paribas Asset Sa has invested 0.01% in Regions Financial Corporation (NYSE:RF). Etrade Mngmt Ltd holds 19,196 shares or 0.01% of its portfolio. Mitchell Mcleod Pugh & Williams Incorporated stated it has 90,320 shares. Paloma Ptnrs Mgmt holds 0.04% or 209,100 shares in its portfolio. Opus Invest Mngmt holds 40,000 shares. Finance Pro, Texas-based fund reported 661 shares. Kentucky Retirement System reported 0.08% of its portfolio in Regions Financial Corporation (NYSE:RF).

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