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QRG Capital Management Inc. Acquires 30,775 Shares of Cummins Inc. $CMI
QRG Capital Management Inc. significantly increased its stake in Cummins Inc. (NYSE:CMI) by 157.2% in the fourth quarter, purchasing 30,775 additional shares and bringing its total ownership to 50,352 shares valued at $25.7 million. Other institutional investors also adjusted their positions in Cummins, which recently reported strong quarterly earnings, beating analyst estimates, and declared a quarterly dividend of $2.00 per share. The company’s stock performance and insider trading activities are also detailed, alongside current analyst ratings.