Holder National Pension Service Has Increased Southern Co (SO) Holding; As Cummins Com (CMI) Market Valuation Rose, Shareholder Sterling Capital Management Has Lowered Stake by $336,000

February 24, 2018 - By Winifred Garcia

Sterling Capital Management Llc decreased its stake in Cummins Inc Com (CMI) by 3.56% based on its latest 2017Q3 regulatory filing with the SEC. Sterling Capital Management Llc sold 2,000 shares as the company’s stock rose 1.30% with the market. The institutional investor held 54,175 shares of the industrial machinery and components company at the end of 2017Q3, valued at $9.10 million, down from 56,175 at the end of the previous reported quarter. Sterling Capital Management Llc who had been investing in Cummins Inc Com for a number of months, seems to be less bullish one the $28.00 billion market cap company. The stock increased 1.50% or $2.51 during the last trading session, reaching $169.53. About 1.78 million shares traded or 26.09% up from the average. Cummins Inc. (NYSE:CMI) has risen 43.32% since February 24, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

National Pension Service increased its stake in Southern Co (SO) by 4.18% based on its latest 2017Q3 regulatory filing with the SEC. National Pension Service bought 32,601 shares as the company’s stock rose 4.35% with the market. The institutional investor held 812,270 shares of the central company at the end of 2017Q3, valued at $39.75M, up from 779,669 at the end of the previous reported quarter. National Pension Service who had been investing in Southern Co for a number of months, seems to be bullish on the $44.43 billion market cap company. The stock increased 2.44% or $1.05 during the last trading session, reaching $44.07. About 5.65M shares traded. The Southern Company (NYSE:SO) has risen 2.49% since February 24, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 64 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sell” rating by Citigroup on Thursday, December 15. The firm earned “Hold” rating on Sunday, September 3 by RBC Capital Markets. The rating was maintained by BMO Capital Markets on Friday, March 31 with “Hold”. Jefferies maintained The Southern Company (NYSE:SO) rating on Thursday, April 13. Jefferies has “Buy” rating and $56 target. RBC Capital Markets maintained it with “Hold” rating and $5300 target in Sunday, July 30 report. Jefferies maintained The Southern Company (NYSE:SO) on Wednesday, August 30 with “Buy” rating. Guggenheim maintained The Southern Company (NYSE:SO) on Tuesday, January 2 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Tuesday, June 6. The firm has “Hold” rating by Zacks given on Sunday, August 16. On Tuesday, January 23 the stock rating was downgraded by Mizuho to “Neutral”.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.16, from 1.16 in 2017Q2. It is negative, as 51 investors sold SO shares while 353 reduced holdings. 76 funds opened positions while 330 raised stakes. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported. The Minnesota-based Wealth Enhancement Advisory Ltd has invested 0.07% in The Southern Company (NYSE:SO). Invesco accumulated 4.53 million shares or 0.08% of the stock. Da Davidson And reported 0.06% stake. Mitsubishi Ufj And invested 0.22% of its portfolio in The Southern Company (NYSE:SO). Marshwinds Advisory Communication has 87,456 shares for 2% of their portfolio. Adage Capital Prtn Grp Inc Limited Liability Com holds 367,164 shares or 0.04% of its portfolio. Of Toledo Na Oh accumulated 8,346 shares. 23,794 are owned by Trustco Bank Corp N Y. Tradewinds Capital Mgmt Ltd Liability holds 0.02% in The Southern Company (NYSE:SO) or 638 shares. Jefferies Gp Limited Co reported 0.01% stake. Geode Mgmt Limited Liability accumulated 9.98M shares. Pggm Investments invested in 298,043 shares or 0.07% of the stock. Ameriprise Fin accumulated 9.38M shares or 0.22% of the stock. Tiedemann Wealth Mngmt Limited Liability Co owns 108,702 shares. Quantitative Systematic Strategies Ltd Llc owns 15,266 shares for 0.2% of their portfolio.

Since October 10, 2017, it had 0 insider buys, and 4 insider sales for $8.29 million activity. BEATTIE ART P sold $2.46M worth of stock. $1.30M worth of The Southern Company (NYSE:SO) shares were sold by Kerr – II James Y. The insider Daiss Ann P sold $261,400.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on May, 1. They expect $2.86 earnings per share, up 21.19% or $0.50 from last year’s $2.36 per share. CMI’s profit will be $472.42M for 14.82 P/E if the $2.86 EPS becomes a reality. After $3.03 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -5.61% negative EPS growth.

Sterling Capital Management Llc, which manages about $45.64 billion and $10.63 billion US Long portfolio, upped its stake in Owens Ill Inc Com New (NYSE:OI) by 94,670 shares to 128,312 shares, valued at $3.23M in 2017Q3, according to the filing. It also increased its holding in Owens Corning New Com (NYSE:OC) by 26,650 shares in the quarter, for a total of 45,970 shares, and has risen its stake in Addus Homecare Corp (NASDAQ:ADUS).

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It improved, 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. Eaton Vance Mgmt invested in 0% or 3,658 shares. Apg Asset Mngmt Nv holds 0.54% of its portfolio in Cummins Inc. (NYSE:CMI) for 1.96 million shares. Tokio Marine Asset Mngmt, Japan-based fund reported 1,513 shares. Nicholas Invest Partners Ltd Partnership holds 0.24% or 20,491 shares in its portfolio. The Pennsylvania-based Janney Montgomery Scott Ltd Co has invested 0.07% in Cummins Inc. (NYSE:CMI). Blb&B Advsr Ltd stated it has 4,613 shares or 0.12% of all its holdings. Pinebridge Invs Ltd Partnership holds 23,343 shares. Tiedemann Wealth Management Ltd Llc owns 3,144 shares or 0.04% of their US portfolio. Ingalls And Snyder Lc has invested 0.01% in Cummins Inc. (NYSE:CMI). Kopp Invest Advsr Llc has 0.89% invested in Cummins Inc. (NYSE:CMI). Stifel Corp reported 108,153 shares. Artemis Management Limited Liability Partnership reported 83,900 shares. Cipher Lp invested in 0.18% or 14,104 shares. Paloma Prns Mngmt Communications holds 3,590 shares or 0.01% of its portfolio. Braun Stacey Associate reported 86,827 shares.

Among 29 analysts covering Cummins (NYSE:CMI), 10 have Buy rating, 3 Sell and 16 Hold. Therefore 34% are positive. Cummins had 101 analyst reports since July 22, 2015 according to SRatingsIntel. As per Tuesday, December 12, the company rating was initiated by Barclays Capital. The stock of Cummins Inc. (NYSE:CMI) has “Sell” rating given on Tuesday, February 6 by Robert W. Baird. The firm earned “Neutral” rating on Monday, April 11 by Macquarie Research. The firm has “Underperform” rating by Robert W. Baird given on Thursday, April 21. Jefferies maintained the stock with “Hold” rating in Wednesday, November 1 report. Deutsche Bank initiated the shares of CMI in report on Wednesday, September 7 with “Sell” rating. The rating was maintained by Buckingham Research on Wednesday, November 1 with “Buy”. The firm has “Hold” rating by Jefferies given on Thursday, September 1. The rating was upgraded by Bank of America to “Neutral” on Monday, April 18. Wells Fargo maintained Cummins Inc. (NYSE:CMI) on Friday, October 6 with “Market Perform” rating.

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By1 Winifred Garcia

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