Cummins Inc. (CMI) Reaches $162.95 52-Week High; Seacor Holdings (CKH) Sellers Decreased By 7.29% Their Shorts

June 19, 2017 - By Darrin Black

The stock of Cummins Inc. (NYSE:CMI) hit a new 52-week high and has $174.36 target or 7.00% above today’s $162.95 share price. The 8 months bullish chart indicates low risk for the $27.35 billion company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $174.36 price target is reached, the company will be worth $1.91B more. About 526,368 shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since June 19, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

Seacor Holdings Incorporated (NYSE:CKH) had a decrease of 7.29% in short interest. CKH’s SI was 1.06M shares in June as released by FINRA. Its down 7.29% from 1.14M shares previously. With 85,000 avg volume, 12 days are for Seacor Holdings Incorporated (NYSE:CKH)’s short sellers to cover CKH’s short positions. The SI to Seacor Holdings Incorporated’s float is 6.66%. About 26,380 shares traded. Seacor Holdings, Inc. (NYSE:CKH) has risen 18.91% since June 19, 2016 and is uptrending. It has outperformed by 2.21% the S&P500.

Investors sentiment increased to 0.8 in 2016 Q4. Its up 0.02, from 0.78 in 2016Q3. It is positive, as 37 investors sold Seacor Holdings, Inc. shares while 37 reduced holdings. 24 funds opened positions while 35 raised stakes. 41.67 million shares or 2.75% less from 42.85 million shares in 2016Q3 were reported. First Eagle Inv Mngmt Ltd Com owns 96,554 shares. Moreover, Commercial Bank Of America De has 0% invested in Seacor Holdings, Inc. (NYSE:CKH). Pinebridge Invests Ltd Partnership reported 14,512 shares stake. Barclays Pcl has invested 0.01% in Seacor Holdings, Inc. (NYSE:CKH). Thrivent For Lutherans owns 2.95 million shares or 0.01% of their US portfolio. Us Retail Bank De holds 0% or 132 shares. Vertex One Asset Mngmt accumulated 0.03% or 2,900 shares. Royal Bancshares Of Canada reported 0% of its portfolio in Seacor Holdings, Inc. (NYSE:CKH). Brandywine Inv Mngmt Ltd Llc invested in 0.03% or 65,531 shares. Utd Service Automobile Association owns 132,739 shares. Botty Invsts Ltd Company stated it has 31,867 shares or 1.34% of all its holdings. California Employees Retirement Sys invested in 99,218 shares or 0.01% of the stock. State Of Tennessee Treasury Department has invested 0% in Seacor Holdings, Inc. (NYSE:CKH). Louisiana State Employees Retirement System holds 0.02% of its portfolio in Seacor Holdings, Inc. (NYSE:CKH) for 6,500 shares. Oppenheimer And Com invested in 13,262 shares.

SEACOR Holdings Inc., is engaged in the business of transportation and logistics, alcohol manufacturing, merchandising, and risk management consultancy. The company has market cap of $591.08 million. The Company’s divisions include, Inland River Services, Shipping Services and Illinois Corn Processing. It currently has negative earnings. Inland River Services segment operates river transportation equipment used for moving agricultural and industrial commodities and petroleum and chemical products.

Since December 21, 2016, it had 0 buys, and 6 insider sales for $2.70 million activity. $1.74 million worth of Seacor Holdings, Inc. (NYSE:CKH) shares were sold by LORENTZEN OIVIND. Cenac Matthew sold $9,825 worth of stock. On Friday, May 12 the insider Fabrikant Eric sold $10,795. On Friday, May 12 Regan Robert Christopher sold $249,631 worth of Seacor Holdings, Inc. (NYSE:CKH) or 3,866 shares. Another trade for 3,866 shares valued at $249,631 was sold by MORSE ANDREW R.

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The company has market cap of $27.35 billion. The Company’s divisions include Engine, Distribution, Components and Power Systems. It has a 18.68 P/E ratio. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle , light-duty automotive and agricultural markets.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on August, 1. They expect $2.30 earnings per share, down 4.17% or $0.10 from last year’s $2.4 per share. CMI’s profit will be $386.04 million for 17.71 P/E if the $2.30 EPS becomes a reality. After $2.36 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -2.54% negative EPS growth.

Among 23 analysts covering Cummins (NYSE:CMI), 5 have Buy rating, 3 Sell and 15 Hold. Therefore 22% are positive. Cummins has $162 highest and $79 lowest target. $118.89’s average target is -27.04% below currents $162.95 stock price. Cummins had 58 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Underweight” rating and $108 target in Wednesday, October 12 report. The stock of Cummins Inc. (NYSE:CMI) has “Neutral” rating given on Friday, May 13 by Citigroup. The firm earned “Sector Perform” rating on Tuesday, March 15 by RBC Capital Markets. As per Monday, April 18, the company rating was upgraded by Bank of America. Robert W. Baird downgraded Cummins Inc. (NYSE:CMI) on Wednesday, October 28 to “Neutral” rating. On Wednesday, October 12 the stock rating was maintained by Deutsche Bank with “Sell”. The company was initiated on Wednesday, September 7 by Deutsche Bank. As per Wednesday, October 28, the company rating was maintained by Argus Research. The stock of Cummins Inc. (NYSE:CMI) earned “Buy” rating by Standpoint Research on Monday, August 24. The firm has “Neutral” rating given on Tuesday, October 20 by UBS.

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.01, from 1.07 in 2016Q3. It is negative, as 44 investors sold Cummins Inc. shares while 270 reduced holdings. 92 funds opened positions while 242 raised stakes. 129.92 million shares or 0.10% less from 130.04 million shares in 2016Q3 were reported. Summit Securities Gru Ltd Co stated it has 0.06% of its portfolio in Cummins Inc. (NYSE:CMI). Wellington Llp, Massachusetts-based fund reported 686,916 shares. 700 are owned by Kings Point Cap Management. Chicago Equity Prtnrs Ltd has invested 0.23% in Cummins Inc. (NYSE:CMI). Principal Group Incorporated reported 457,225 shares or 0.08% of all its holdings. Midwest Limited Liability Corporation holds 16,462 shares or 1.93% of its portfolio. Webster Retail Bank N A, a Connecticut-based fund reported 14,675 shares. North Star Invest Mgmt has invested 0.06% of its portfolio in Cummins Inc. (NYSE:CMI). Peapack Gladstone Financial Corp stated it has 0% in Cummins Inc. (NYSE:CMI). Loring Wolcott & Coolidge Fiduciary Llp Ma invested 1.05% in Cummins Inc. (NYSE:CMI). Numeric Limited Liability Company has invested 0% in Cummins Inc. (NYSE:CMI). Savant Ltd Liability reported 1,731 shares. Laurel Grove Ltd Liability Company owns 27,585 shares for 2.05% of their portfolio. Hudson Canyon Inv Counselors holds 0.5% or 2,542 shares in its portfolio. Clinton Group Inc accumulated 58,049 shares or 0.46% of the stock.

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