Cummins (CMI) Holder Agf Investments America Has Raised Holding; Brown Advisory Securities Has Upped Its Wells Fargo Co New (WFC) Position by $413,710; Share Price Declined

February 19, 2018 - By Nellie Frank

Agf Investments America Inc increased its stake in Cummins Inc. (CMI) by 19.56% based on its latest 2017Q3 regulatory filing with the SEC. Agf Investments America Inc bought 7,562 shares as the company’s stock rose 1.30% with the market. The institutional investor held 46,215 shares of the industrial machinery and components company at the end of 2017Q3, valued at $7.77 million, up from 38,653 at the end of the previous reported quarter. Agf Investments America Inc who had been investing in Cummins Inc. for a number of months, seems to be bullish on the $27.36 billion market cap company. The stock increased 0.35% or $0.58 during the last trading session, reaching $165.6. About 1.42 million shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since February 19, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Brown Advisory Securities Llc increased its stake in Wells Fargo Co New (WFC) by 13.39% based on its latest 2017Q3 regulatory filing with the SEC. Brown Advisory Securities Llc bought 7,522 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 63,692 shares of the major banks company at the end of 2017Q3, valued at $3.52M, up from 56,170 at the end of the previous reported quarter. Brown Advisory Securities Llc who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $293.25 billion market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $59.95. About 18.66 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 19, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It is positive, 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. Breton Hill Ltd holds 0.25% or 8,105 shares in its portfolio. 4,697 were accumulated by Global X Mgmt Co. Twin Cap Mgmt Inc invested in 0.2% or 22,580 shares. Levin Strategies Limited Partnership stated it has 0.01% in Cummins Inc. (NYSE:CMI). Systematic Finance Management LP has 97,395 shares for 0.33% of their portfolio. Huntington Bancorp holds 2,851 shares. Alyeska Investment Grp Lp has invested 0.48% of its portfolio in Cummins Inc. (NYSE:CMI). Yorktown Management And Research Company has invested 0.07% in Cummins Inc. (NYSE:CMI). Penobscot Management Com Inc has 3,085 shares. The New York-based Laurion Cap Mgmt Limited Partnership has invested 0.02% in Cummins Inc. (NYSE:CMI). California Pub Employees Retirement System invested in 0.11% or 450,831 shares. Moreover, Reilly Fincl Advisors Ltd Liability Co has 0% invested in Cummins Inc. (NYSE:CMI). Mitsubishi Ufj Secs Com owns 100 shares. Silvercrest Asset Mngmt Grp Lc accumulated 0.01% or 8,127 shares. Mcf Advsrs Ltd Liability invested 0.02% of its portfolio in Cummins Inc. (NYSE:CMI).

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 firm earned “Neutral” rating on Wednesday, April 6 by Buckingham Research. The stock has “Underperform” rating by Bank of America on Tuesday, December 1. The firm has “Neutral” rating by Citigroup given on Monday, January 25. The stock has “Sell” rating by Deutsche Bank on Wednesday, September 7. Robert W. Baird maintained it with “Sell” rating and $145.0 target in Tuesday, September 5 report. The stock of Cummins Inc. (NYSE:CMI) earned “Buy” rating by Argus Research on Wednesday, October 28. The stock has “Hold” rating by Piper Jaffray on Friday, December 8. As per Tuesday, October 31, the company rating was maintained by Stifel Nicolaus. Macquarie Research maintained the shares of CMI in report on Friday, February 5 with “Outperform” rating. The company was maintained on Wednesday, November 8 by BMO Capital Markets.

Agf Investments America Inc, which manages about $1.29B and $261.85M US Long portfolio, decreased its stake in Wabtec Corp. (NYSE:WAB) by 23,569 shares to 40,136 shares, valued at $3.04M in 2017Q3, according to the filing. It also reduced its holding in Chubb Ltd. by 4,609 shares in the quarter, leaving it with 39,721 shares, and cut its stake in Idexx Laboratories Inc. (NASDAQ:IDXX).

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It dived, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Checchi Capital Advisers Ltd invested 0.21% in Wells Fargo & Company (NYSE:WFC). Lynch Assoc In owns 2.65% invested in Wells Fargo & Company (NYSE:WFC) for 120,925 shares. Lincoln invested in 21,984 shares or 0.05% of the stock. Ubs Asset Mngmt Americas Inc holds 17.97 million shares. Texas Yale Cap Corp has invested 0.23% in Wells Fargo & Company (NYSE:WFC). Brown Brothers Harriman And Company has invested 5.38% in Wells Fargo & Company (NYSE:WFC). Nbt Bank N A owns 1.28% invested in Wells Fargo & Company (NYSE:WFC) for 145,404 shares. Cumberland Ltd accumulated 1.15% or 154,745 shares. Bollard Gp Limited Liability Company invested in 36,724 shares or 0.11% of the stock. Hayek Kallen Investment owns 11,602 shares or 0.44% of their US portfolio. 62,501 were accumulated by Guardian Investment Management. Sessa Im LP holds 50,000 shares or 0.3% of its portfolio. Freestone Cap Hldgs Limited Liability Corporation owns 44,640 shares for 0.18% of their portfolio. 93,943 are owned by Bowling Portfolio Mgmt Limited Liability Company. Hyman Charles D accumulated 185,753 shares.

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