Atmus Filtration Technologies Inc. (NYSE:ATMU) Holdings Raised by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 403.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 75,500 shares of the company’s stock after buying an additional 60,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Atmus Filtration Technologies were worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in Atmus Filtration Technologies during the 4th quarter worth $26,000. Nisa Investment Advisors LLC grew its stake in Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after buying an additional 876 shares during the last quarter. GAMMA Investing LLC grew its stake in Atmus Filtration Technologies by 89.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after buying an additional 774 shares during the last quarter. KBC Group NV grew its stake in Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in Atmus Filtration Technologies during the 3rd quarter worth $246,000. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Trading Down 1.2 %

Shares of Atmus Filtration Technologies stock opened at $40.50 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 4.42 and a beta of 1.80. The business has a fifty day simple moving average of $40.87 and a 200-day simple moving average of $38.19. Atmus Filtration Technologies Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird upped their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company decreased their price target on Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Northland Securities increased their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Atmus Filtration Technologies has an average rating of “Moderate Buy” and an average target price of $43.80.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.