5,082 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,082 shares of the company’s stock, valued at approximately $119,000.

Several other institutional investors have also bought and sold shares of ATMU. Amalgamated Bank acquired a new stake in Atmus Filtration Technologies during the 3rd quarter valued at $48,000. Strs Ohio bought a new position in shares of Atmus Filtration Technologies in the third quarter valued at about $72,000. New York State Common Retirement Fund acquired a new position in Atmus Filtration Technologies during the 3rd quarter worth about $73,000. SG Americas Securities LLC bought a new stake in Atmus Filtration Technologies during the 4th quarter worth about $144,000. Finally, Raymond James & Associates increased its position in Atmus Filtration Technologies by 11.8% in the 3rd quarter. Raymond James & Associates now owns 13,569 shares of the company’s stock valued at $283,000 after acquiring an additional 1,429 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ATMU shares. The Goldman Sachs Group increased their price target on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Robert W. Baird upped their price target on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Northland Securities raised Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Wednesday, March 20th. Finally, Wells Fargo & Company reduced their target price on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $34.00.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $30.27 on Friday. The company has a market capitalization of $2.52 billion and a price-to-earnings ratio of 15.44. The firm’s 50 day simple moving average is $29.54 and its 200 day simple moving average is $24.71. 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 Inc. has a fifty-two week low of $18.21 and a fifty-two week high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 482.30%. The business had revenue of $426.60 million during the quarter, compared to analysts’ expectations of $416.18 million. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.24 earnings per share 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.