Allspring Global Investments Holdings LLC Buys 19,225 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Allspring Global Investments Holdings LLC increased its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 488,826 shares of the company’s stock after purchasing an additional 19,225 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Atmus Filtration Technologies were worth $11,483,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank purchased a new position in shares of Atmus Filtration Technologies during the third quarter valued at $48,000. Tower Research Capital LLC TRC purchased a new stake in Atmus Filtration Technologies in the second quarter worth about $60,000. New York State Common Retirement Fund purchased a new position in Atmus Filtration Technologies during the 3rd quarter valued at about $73,000. Strs Ohio bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at about $72,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $144,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company increased their target price on Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. Northland Securities upgraded Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Wednesday, March 20th. Finally, Robert W. Baird raised their price objective on Atmus Filtration Technologies from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $30.80.

Atmus Filtration Technologies Trading Up 0.5 %

Atmus Filtration Technologies stock opened at $32.12 on Tuesday. Atmus Filtration Technologies Inc. has a 1-year low of $18.21 and a 1-year high of $33.70. The business has a fifty day moving average price of $26.65 and a 200-day moving average price of $23.49. The company has a debt-to-equity ratio of 7.34, a current ratio of 1.85 and a quick ratio of 1.18.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. The business had revenue of $399.70 million during the quarter, compared to the consensus estimate of $384.55 million. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.23 EPS for the current year.

Atmus Filtration Technologies 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.