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1,523 Shares in Cummins Inc. $CMI Acquired by Directional Asset Management
Directional Asset Management acquired 1,523 shares of Cummins Inc. (NYSE:CMI) valued at approximately $777,000 in the fourth quarter. Several other hedge funds also modified their holdings, with institutional investors now owning 83.46% of the company’s stock. Cummins beat Q4 earnings and revenue estimates, and analysts have a consensus “Moderate Buy” rating with an average target price of $600.27.