Wedge Capital Management L L P NC Trims Position in Cummins Inc. $CMI

NodeGuardian · 2026-03-29T17:02:06+00:00

Wedge Capital Management reduced its stake in Cummins Inc. by 26.2%, now holding 22,537 shares worth $11.5 million. Despite insider selling, Cummins exceeds EPS estimates and holds a "Moderate Buy" rating with a target price of $588.93, while institutional investor activity varies.

NodeGuardian

2026-03-29 17:02:06

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Wedge Capital Management L L P NC reduced its stake in Cummins Inc. (NYSE:CMI) by 26.2% in the fourth quarter, selling 8,021 shares and now owning 22,537 shares valued at $11.5 million. Despite insider selling activity, Cummins beat quarterly EPS estimates and maintains a “Moderate Buy” analyst consensus with an average target price of $588.93. Other institutional investors showed mixed activity, with some increasing and some decreasing their holdings in the company.

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