As Cummins (CMI) Market Value Declined, Exane Derivatives Has Lowered Holding by $444.80 Million; Lincluden Management LTD Has Upped Position in Bank Nova Scotia Halifax (BNS)

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Lincluden Management Ltd increased its stake in Bank Nova Scotia Halifax (BNS) by 11.41% based on its latest 2018Q3 regulatory filing with the SEC. Lincluden Management Ltd bought 138,160 shares as the company’s stock declined 5.88% with the market. The institutional investor held 1.35M shares of the major banks company at the end of 2018Q3, valued at $79.31 million, up from 1.21 million at the end of the previous reported quarter. Lincluden Management Ltd who had been investing in Bank Nova Scotia Halifax for a number of months, seems to be bullish on the $61.67 billion market cap company. The stock increased 2.46% or $1.21 during the last trading session, reaching $50.33. About 956,512 shares traded or 1.08% up from the average. The Bank of Nova Scotia (NYSE:BNS) has declined 16.84% since December 27, 2017 and is downtrending. It has underperformed by 16.84% the S&P500. Some Historical BNS News: 02/04/2018 – TRANSCONTINENTAL – DEAL TO BE FINANCED WITH CASH ON HAND AND FULLY-COMMITTED FINANCING FROM CIBC AND SCOTIABANK PROVIDING TERM LOANS; 29/05/2018 – BANK OF NOVA SCOTIA 2Q CET1 RATIO 12%, EST. 11.7%; 19/04/2018 – Moody’s Assigns Provisional Ratings To Sstrt 2018-1, Bank Of Nova Scotia Sponsored Canadian Prime Auto Loan Transaction; 02/05/2018 – Moody’s Assigns Definitive Ratings To Sstrt 2018-1, Bank Of Nova Scotia Sponsored Canadian Prime Auto Loan Transaction; 10/04/2018 – SCOTIABANK CEO SAYS COULD MOVE SOME PROCESSES FROM LONDON TO DUBLIN FOLLOWING BREXIT; 29/05/2018 – SCOTIABANK CANADA RETAIL HEAD SAYS MORTGAGE SALES ARE UP 6 PERCENT SO FAR THIS YEAR COMPARED WITH YEAR AGO; 25/04/2018 – LAUNCH: Bank of Nova Scotia $500m Prime Auto ABS, SSTRT 2018-1; 28/03/2018 – SCOTIABANK CFO ENDS PRESENTATION; 27/04/2018 – Fitch Affirms Scotiabank Uruguay’s IDR at ‘BBB+ and Upgrades VR to ‘bb’; Outlook Stable; 29/05/2018 – SCOTIABANK CFO SEAN MCGUCKIN COMMENTS IN 2Q MEDIA CALL

Exane Derivatives decreased its stake in Cummins (CMI) by 12.19% based on its latest 2018Q3 regulatory filing with the SEC. Exane Derivatives sold 3,046 shares as the company’s stock declined 4.30% with the market. The institutional investor held 21,932 shares of the industrial machinery and components company at the end of 2018Q3, valued at $3.20 billion, down from 24,978 at the end of the previous reported quarter. Exane Derivatives who had been investing in Cummins for a number of months, seems to be less bullish one the $20.98 billion market cap company. The stock increased 4.45% or $5.58 during the last trading session, reaching $131.07. About 1.46 million shares traded. Cummins Inc. (NYSE:CMI) has declined 19.50% since December 27, 2017 and is downtrending. It has underperformed by 19.50% the S&P500. Some Historical CMI News: 24/05/2018 – BSE Mumbai Bourse: Results from KPIT Cummins Infosystems for Jan 01 to Mar 31; 24/05/2018 – CUMMINS INDIA 4Q REV. 12.1B RUPEES; 24/05/2018 – CUMMINS INDIA LTD CUMM.NS – CO IS POSITIVE ON MEDIUM TO LONG TERM OUTLOOK FOR DOMESTIC SALES AS UNDERLYING DEMAND CONDITIONS REMAIN POSITIVE; 24/05/2018 – CUMMINS INDIA 4Q NET INCOME 1.61B RUPEES, EST. 1.71B; 08/03/2018 Cummins Inc. Announces Cummins Powers Women, A Landmark Initiative to Accelerate the Advancement of Women and Girls Around the World; 24/05/2018 – CUMMINS INDIA FY DIV/SHR 10 RUPEES; 01/05/2018 – Cummins Raises Outlook for 2018; 09/03/2018 – US House of Reps: March 9, 2018 10:30:38 A.M. Today’s prayer was offered by Rev. Dr. Dan C. Cummins, Peoples Church,; 27/04/2018 – Wartsila, private equity among bidders for GE’s Jenbacher; 14/05/2018 – Cummins and JAC Motors Form Joint Venture Partnership

Investors sentiment increased to 1.25 in 2018 Q3. Its up 0.34, from 0.91 in 2018Q2. It improved, as 46 investors sold CMI shares while 243 reduced holdings. 111 funds opened positions while 249 raised stakes. 124.41 million shares or 0.77% less from 125.38 million shares in 2018Q2 were reported. Aull Monroe Investment Corp has 6,400 shares for 0.45% of their portfolio. Moreover, Stratos Wealth has 0.03% invested in Cummins Inc. (NYSE:CMI). Eaton Vance Mngmt, Massachusetts-based fund reported 3,883 shares. Advisor Ltd Liability Co stated it has 0.09% in Cummins Inc. (NYSE:CMI). Mengis invested 0.21% in Cummins Inc. (NYSE:CMI). Lmr Prns Llp invested 0.04% in Cummins Inc. (NYSE:CMI). Pinebridge Invs LP invested in 0.06% or 21,261 shares. National Bank Of Montreal Can holds 0.05% or 435,614 shares. Pinnacle Limited reported 0.84% stake. Royal Retail Bank Of Canada accumulated 440,794 shares. Robeco Institutional Asset Management Bv invested in 432,945 shares or 0.27% of the stock. Private Wealth Advsrs Incorporated invested in 4,330 shares or 0.23% of the stock. Savant Limited Liability Com invested in 1,530 shares or 0.04% of the stock. Ledyard Savings Bank holds 0.57% of its portfolio in Cummins Inc. (NYSE:CMI) for 34,536 shares. Regentatlantic Capital Ltd Limited Liability Company has 0.04% invested in Cummins Inc. (NYSE:CMI).

Since October 2, 2018, it had 0 buys, and 10 sales for $9.61 million activity. ROSE MARYA M sold 10,970 shares worth $1.70 million. 24,830 shares valued at $3.31 million were sold by LINEBARGER NORMAN THOMAS on Monday, December 17. HERMAN ALEXIS M sold $111,321 worth of stock. Satterthwaite Tony had sold 830 shares worth $117,533 on Monday, November 5. 3,481 Cummins Inc. (NYSE:CMI) shares with value of $539,555 were sold by Ward Pat. Cook Jill E sold 5,307 shares worth $796,050.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on February, 5. They expect $3.79 EPS, up 25.08% or $0.76 from last year’s $3.03 per share. CMI’s profit will be $606.63 million for 8.65 P/E if the $3.79 EPS becomes a reality. After $4.05 actual EPS reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -6.42% negative EPS growth.

Exane Derivatives, which manages about $533.23 billion US Long portfolio, upped its stake in Vertex Pharm. (NASDAQ:VRTX) by 92 shares to 801 shares, valued at $153.60M in 2018Q3, according to the filing. It also increased its holding in Under Armour (NYSE:UA) by 6,858 shares in the quarter, for a total of 6,903 shares, and has risen its stake in Home Depot (NYSE:HD).

Among 33 analysts covering Cummins (NYSE:CMI), 11 have Buy rating, 1 Sell and 21 Hold. Therefore 33% are positive. Cummins had 133 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Cummins Inc. (NYSE:CMI) earned “Buy” rating by Goldman Sachs on Tuesday, October 11. As per Monday, July 17, the company rating was maintained by Stifel Nicolaus. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Wednesday, May 2 by Stifel Nicolaus. Piper Jaffray maintained Cummins Inc. (NYSE:CMI) on Thursday, April 5 with “Hold” rating. The rating was maintained by Wells Fargo on Wednesday, October 31 with “Market Perform”. As per Friday, August 24, the company rating was downgraded by JP Morgan. The firm has “Buy” rating given on Monday, November 6 by Argus Research. The stock has “Hold” rating by RBC Capital Markets on Thursday, February 8. The firm has “Neutral” rating given on Wednesday, April 6 by Buckingham Research. On Monday, June 18 the stock rating was upgraded by Standpoint Research to “Buy”.

More recent Cummins Inc. (NYSE:CMI) news were published by: Globenewswire.com which released: “Detailed Research: Economic Perspectives on American Tower Corporation (REIT), Ligand Pharmaceuticals, Teva Pharmaceutical Industries, Cummins, Alexander’s, and Korea Electric Power — What Drives Growth in Today’s Competitive Landscape – GlobeNewswire” on November 29, 2018. Also Seekingalpha.com published the news titled: “Class 8 truck orders fall in November – Seeking Alpha” on December 05, 2018. Fool.com‘s news article titled: “What’s in Store for Caterpillar in 2019? – Motley Fool” with publication date: December 22, 2018 was also an interesting one.

Among 11 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. The Bank Of Nova Scotia had 24 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, December 2. The rating was maintained by RBC Capital Markets on Wednesday, May 31 with “Outperform”. The rating was maintained by IBC with “Buy” on Tuesday, November 27. The stock of The Bank of Nova Scotia (NYSE:BNS) has “Buy” rating given on Tuesday, August 29 by Canaccord Genuity. Dundee Securities initiated the stock with “Buy” rating in Wednesday, September 21 report. The firm earned “Hold” rating on Wednesday, August 29 by Canaccord Genuity. Bank of America downgraded the shares of BNS in report on Tuesday, June 5 to “Neutral” rating. The company was maintained on Friday, August 28 by Canaccord Genuity. On Wednesday, August 31 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Neutral” rating by Macquarie Research on Thursday, June 9.

More notable recent The Bank of Nova Scotia (NYSE:BNS) news were published by: Seekingalpha.com which released: “This Is The Best Big 5 Bank To Buy Today – Seeking Alpha” on September 20, 2018, also Seekingalpha.com with their article: “Bank Of Nova Scotia: Investors Should Look Beyond Near-Term Weakness – Seeking Alpha” published on September 04, 2018, Seekingalpha.com published: “If You Want To Own Your Bank, Consider Scotiabank – Seeking Alpha” on June 04, 2018. More interesting news about The Bank of Nova Scotia (NYSE:BNS) were released by: Seekingalpha.com and their article: “Canadian Banks – Which One To Buy Today – Seeking Alpha” published on October 20, 2018 as well as Seekingalpha.com‘s news article titled: “Recent Buy – Bank Of Nova Scotia – Seeking Alpha” with publication date: October 16, 2018.

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