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Groupama Asset Management Invests $1.17 Million in Cummins Inc.
The institutional investor purchased 2,764 shares of the engine manufacturer's stock.
Mar. 21, 2026 at 9:18am
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Groupama Asset Management, an investment firm, purchased a new stake in Cummins Inc. (NYSE:CMI) during the third quarter of 2026. The firm acquired 2,764 shares of the engine manufacturer's stock, valued at approximately $1,167,000.
Why it matters
Cummins is a major global player in the production of diesel and natural gas engines, as well as related technologies. This new investment by Groupama Asset Management suggests the firm sees growth potential in Cummins' business and stock.
The details
According to a recent SEC filing, Groupama Asset Management purchased the new stake in Cummins during the third quarter. The 2,764 shares acquired are valued at around $1.17 million. Cummins is a leading manufacturer of engines and related components for on-highway and off-highway applications, as well as power generation systems.
- Groupama Asset Management purchased the new stake in Cummins during the third quarter of 2026.
The players
Groupama Asset Management
An institutional investment firm that purchased a new stake in Cummins Inc.
Cummins Inc.
A global power technology company that designs, manufactures, distributes and services a broad portfolio of diesel and natural gas engines, electrified powertrains, power generation systems and related components.
The takeaway
This investment by Groupama Asset Management reflects confidence in Cummins' long-term growth prospects as a leading manufacturer of engines and power systems. It suggests the firm sees value in Cummins' diversified product portfolio and technological capabilities.
