Acropolis Investment Management LLC Has $1.45 Million Position in Cummins Inc. (CMI)

Acropolis Investment Management LLC reduced its stake in shares of Cummins Inc. (NYSE:CMI) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,942 shares of the company’s stock after selling 130 shares during the period. Acropolis Investment Management LLC’s holdings in Cummins were worth $1,451,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Cummins by 2,874.8% in the first quarter. BlackRock Inc. now owns 10,211,140 shares of the company’s stock valued at $1,543,924,000 after buying an additional 9,867,890 shares during the last quarter. Bank of New York Mellon Corp increased its position in Cummins by 39.0% in the first quarter. Bank of New York Mellon Corp now owns 2,006,014 shares of the company’s stock worth $303,309,000 after buying an additional 563,279 shares in the last quarter. Vanguard Group Inc. increased its stake in Cummins by 4.7% in the first quarter. Vanguard Group Inc. now owns 11,315,964 shares of the company’s stock worth $1,710,973,000 after buying an additional 510,416 shares during the period. UBS Group AG increased its stake in Cummins by 118.2% in the first quarter. UBS Group AG now owns 755,368 shares of the company’s stock worth $114,211,000 after buying an additional 409,168 shares during the period. Finally, American Century Companies Inc. increased its stake in Cummins by 18.1% in the first quarter. American Century Companies Inc. now owns 2,633,596 shares of the company’s stock worth $398,200,000 after buying an additional 402,929 shares during the period. Institutional investors own 80.34% of the company’s stock.

Cummins Inc. (NYSE:CMI) opened at 155.65 on Friday. The firm has a 50-day moving average price of $162.65 and a 200 day moving average price of $155.23. The company has a market…

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