Swiss National Bank Decreases Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Swiss National Bank lowered its position in Atmus Filtration Technologies Inc. (NYSE:ATMUFree Report) by 10.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,900 shares of the company’s stock after selling 3,700 shares during the period. Swiss National Bank’s holdings in Atmus Filtration Technologies were worth $773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Atmus Filtration Technologies by 73.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock worth $34,712,000 after acquiring an additional 705,018 shares during the period. FMR LLC raised its holdings in shares of Atmus Filtration Technologies by 193.9% during the 3rd quarter. FMR LLC now owns 1,077,043 shares of the company’s stock worth $22,456,000 after acquiring an additional 710,540 shares during the period. Wellington Management Group LLP raised its holdings in shares of Atmus Filtration Technologies by 11.3% during the 3rd quarter. Wellington Management Group LLP now owns 767,331 shares of the company’s stock worth $15,999,000 after acquiring an additional 77,917 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Atmus Filtration Technologies by 4.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 488,826 shares of the company’s stock worth $11,483,000 after acquiring an additional 19,225 shares during the period. Finally, Barclays PLC purchased a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth $2,921,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $30.86 on Friday. The company has a market cap of $2.57 billion and a P/E ratio of 15.74. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.00 and a quick ratio of 1.27. The stock has a 50-day moving average of $31.06 and a two-hundred day moving average of $25.92. Atmus Filtration Technologies Inc. has a 1-year low of $18.21 and a 1-year high of $33.70.

Atmus Filtration Technologies (NYSE:ATMUGet Free Report) last released its earnings results on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $426.60 million during the quarter, compared to the consensus estimate of $416.18 million. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. Atmus Filtration Technologies’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on ATMU. The Goldman Sachs Group lifted their price target on Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company reduced their price objective on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. boosted 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, April 15th. Finally, Northland Securities upgraded shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a report on Wednesday, March 20th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $34.00.

Check Out Our Latest Stock Report on Atmus Filtration Technologies

Atmus Filtration Technologies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Atmus Filtration Technologies (NYSE:ATMU)

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