Latest news with #Cummins
Yahoo
14 hours ago
- Business
- Yahoo
With 87% ownership in Cummins Inc. (NYSE:CMI), institutional investors have a lot riding on the business
Key Insights Institutions' substantial holdings in Cummins implies that they have significant influence over the company's share price The top 22 shareholders own 51% of the company Recent purchases by insiders We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To get a sense of who is truly in control of Cummins Inc. (NYSE:CMI), it is important to understand the ownership structure of the business. With 87% stake, institutions possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). And last week, institutional investors ended up benefitting the most after the company hit US$48b in market cap. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 23%. Let's delve deeper into each type of owner of Cummins, beginning with the chart below. Check out our latest analysis for Cummins What Does The Institutional Ownership Tell Us About Cummins? Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Cummins already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Cummins' earnings history below. Of course, the future is what really matters. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don't have a meaningful investment in Cummins. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 13%. With 9.1% and 4.7% of the shares outstanding respectively, BlackRock, Inc. and State Street Global Advisors, Inc. are the second and third largest shareholders. Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 22 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Insider Ownership Of Cummins The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our information suggests that Cummins Inc. insiders own under 1% of the company. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own US$224m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. General Public Ownership The general public-- including retail investors -- own 12% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Next Steps: I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Cummins is showing 2 warning signs in our investment analysis , and 1 of those is a bit concerning... Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
17 hours ago
- Automotive
- Yahoo
Cummins Inc. (CMI) Stands To Benefit From AI Build Out, Says Jim Cramer
We recently published . Cummins Inc. (NYSE:CMI) is one of the stocks Jim Cramer recently discussed. Cummins Inc. (NYSE:CMI) is an industrial machinery firm slated to benefit from growing data center construction, according to Jim Cramer. The firm's shares are down by 1.6% year-to-date as the firm has joined other vehicle companies to assess the impact of tariffs on its business. Cummins Inc. (NYSE:CMI)'s stock might have been worse off had it not been for surging interest in data center build out. Here is what Cramer said: 'No I mean data centers are the story again. Pennsylvania data centers. The building of them would be CoreWeave, the President's going to Pennsylvania. Pennsylvania being a hub for all these. Everyone wants to play the parts of data center again. It really cooled in April. No one cared. The stocks got killed. . .I think that you can go back to these stocks. . . .Cummins is there.' Previously, the CNBC TV host discussed Cummins Inc. (NYSE:CMI)'s share price movements after EPA announcements, which led to worries about advance demand for the firm's products evaporating: A mechanic standing proudly in a factory floor surrounded by the engines the company produces. '[On stock moving after EPA's latest comments] Well, they've always, anytime there has been like a tightening of the rules, they always, these companies have done well in pre buy. It's like wow, I can go buy all the engines now before the tariffs so to speak of the EPA. And they lost that wind behind their back.' While we acknowledge the potential of CMI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Journal
a day ago
- Business
- The Journal
'An attempt to rinse hard-pressed families': TDs slam new 'exit through gift shop' rule at zoo
TWO DUBLIN TDS have added their voices to criticism of Dublin Zoo over the change to the attraction's exit route which means customers are now advised to leave via the gift shop. Parents contacted The Journal earlier this week to express their anger over the rule, arguing that the change has led to unnecessary pressure to purchase items from the shop. One parent we spoke to said it was the 'last thing' families need after hours of walking around the zoo. The change leaves parents of small kids having to deal with potential demands and tantrums, the zoo customer said – 'whereas previously we could have simply left via the main gates and walked back to the car park without passing the shop at all'. In the wake of the publication of our original article , customer services staff at the zoo confirmed to parents who complained that some changes were being brought in and that from now on any visitor who asked to leave via the old route (through turnstyles at the main gate) would be permitted to do so. However, visitors need to ask a staff member to be told that that's an option. Photos taken at the zoo yesterday afternoon showed signage placed around the turnstyles with 'NO ENTRY' displayed in large lettering and a direction to 'please exit Dublin Zoo via our Gift Shop'. A spokesperson for the zoo did not respond to a question on whether management would consider bringing in clear signage to make customers aware of the alternative to the gift shop exit. Dublin South Central TD for the Social Democrats Jen Cummins said going to the zoo is already expensive enough without additional pressure to spend money being placed on parents and guardians. The gate price for entry for two adults and two children is currently €72.50 – with discounts available for advance booking. Cummins, who has four children, said: 'From a parent's perspective, trying to corral a child to get out of the zoo is a feat in itself. But now having to go through the gift shop, it's a real Americanisation – I think we can move away from that here, we don't need to do that.' 'I thought it was working very well before. I mean, lots of people are going to the shop anyway, it's not like everyone was avoiding it. Parental choice is really important in these situations, and perhaps people would be thinking about not going to the zoo if there is going to be an added cost on top of the entry fee.' As for the zoo's position that parents should request an alternative exit, Cummins said: Advertisement 'The idea of what they are saying of 'if you give us a nod, we will let you out the other way' [...] are you really going to be the one parent who says 'I'll go out that way' while your child is hysterical?' Social Democrats education spokesperson Jen Cummins TD Fingal East TD for Labour Duncan Smith called on the zoo to go back to the old system, arguing that the new exit route feels like an attempt to 'rinse' people before they leave. 'I am urging Dublin Zoo to revert to the previous system of entrance and exit from the zoo. As a regular visitor to the zoo with my family, I am fully aware of the costs associated with a visit to what is a great Dublin amenity. 'Many families have to make a budgetary decision in order to visit in the first place. There is a safe and senisble exit adjacent to the gift shop and it should be left to visitors' discretion as to whether they visit the gift shop. 'This feels like an attempt to rinse hard-pressed families before they leave.' Labour TD Duncan Smith. Leah Farrell / Leah Farrell / / Other parents who contacted The Journal this week said they would not be going to the zoo while the new arrangement remained in place. Some also raised concerns about the burden being placed on parents of children with additional needs in particular. The Zoological Society of Ireland, which runs Dublin Zoo and Fota Wildlife Park in Cork, had an income of €25.1 million in 2023 and its annual report for that year noted a surplus of €131,000. Figures for 2024 are not yet publicly available. The zoo is a not-for-profit organisation. In its initial statement earlier this week the zoo confirmed the change to the exit route had been brought in, adding: 'Dublin Zoo remains committed to providing a positive experience for all guests and we value all feedback as part of our ongoing efforts to enhance the visitor experience.' In response to follow-up queries, including one about how visitors would be told about the alternative exit option (via the turnstyles), a spokesperson said yesterday: 'If a parent or guardian deems the exit unsuitable or inaccessible for themselves, their family, or guests, Dublin Zoo can make arrangements to facilitate departure through an alternative gate.' Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
Yahoo
2 days ago
- Business
- Yahoo
Will Cummins (CMI) Beat Estimates Again in Its Next Earnings Report?
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Cummins (CMI), which belongs to the Zacks Automotive - Internal Combustion Engines industry, could be a great candidate to consider. This engine maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 16.95%. For the last reported quarter, Cummins came out with earnings of $5.96 per share versus the Zacks Consensus Estimate of $4.82 per share, representing a surprise of 23.65%. For the previous quarter, the company was expected to post earnings of $4.68 per share and it actually produced earnings of $5.16 per share, delivering a surprise of 10.26%. Price and EPS Surprise With this earnings history in mind, recent estimates have been moving higher for Cummins. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Cummins has an Earnings ESP of +5.46% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 5, 2025. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cummins Inc. (CMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
News18
3 days ago
- Sport
- News18
Australia Stumble To 99/6 As Alzarri Joseph Leads The Windies' Fightback
West Indies staged a strong comeback against Australia, reducing them to 99/6 in the pink-ball Test at Sabina Park. The Windies mounted a strong comeback on Sunday, July 13, reducing Australia to 99/6 in their second innings, which gave them a lead of 181 runs as the pink-ball Test at Sabina Park remained balanced at the close of the second day. Although Australia extended their first-innings lead of 82, the Windies bowlers kept them in check, with the pink ball proving unplayable under the floodlights for the second successive day. Alzarri Joseph claimed three wickets and Shamar Joseph took two, keeping their team in contention after the Windies batters had earlier collapsed to 143 all out during an eventful middle session. Shamar took his series haul to 20 victims with just Australia's Cameron Green preventing a complete capitulation by compiling an unbeaten 42. He will resume on Day 3 in the company of skipper Pat Cummins, who is 5*. Shamar Joseph dismissed both openers, Sam Konstas for a duck and Usman Khawaja for 14, boosting the Windies' hopes. Alzarri Joseph then dismantled the middle order by taking the prized wicket of Steve Smith (5) and dismissing Beau Webster (13) and Alex Carey (0). 'We aimed for seven wickets tonight and got six, so we'll take that," said Shamar Joseph. 'The West Indies have a great legacy of fast bowling, and this generation wants to continue that tradition and do our best." Despite his efforts, Joseph remained aware that Australia could pull out of reach if their tailenders extended the lead beyond 200. Earlier, a day after the visitors lost their last seven wickets for 68 runs to be dismissed for 225, the Caribbean team fared worse, losing their last seven wickets for 61 from 82/3 as Australia's seamers dominated. Josh Hazlewood and Cummins bagged two wickets each in a performance that could have been even better had wicketkeeper Carey not spilt two opportunities. The home batters struggled to capitalise on those lapses, with poor shot selection and the needless runout of Justin Greaves, who was dismissed by a throw from Konstas from the cover boundary after attempting a third run. Boland triggered the second session collapse by trapping John Campbell LBW for 36, the highest score of the innings. He bowled Shai Hope (23) and finished the innings by dismissing Shamar Joseph (8). At the start of the day, the Windies found scoring difficult on the track against an attack that offered few chances. Just 57 runs came off 23 overs for the loss of two wickets in the first session. Hazlewood and Cummins were the successful bowlers on a humid afternoon, dismissing the overnight pair of Brandon King (14) and Roston Chase (18). King was trapped LBW by a full ball from Hazlewood, while Cummins removed his West Indian counterpart via an edge to Khawaja at first slip from a delivery that rose off a good length. Australia are seeking a clean sweep of the series after wins in the first two Tests in Barbados and Grenada. (With AFP Inputs) view comments First Published: July 14, 2025, 08:58 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
