Allspring Global Investments Holdings LLC Boosts Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Allspring Global Investments Holdings LLC increased its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMUFree Report) by 99.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 973,246 shares of the company’s stock after acquiring an additional 484,420 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.17% of Atmus Filtration Technologies worth $31,387,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of Atmus Filtration Technologies by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 2,602,746 shares of the company’s stock worth $61,139,000 after purchasing an additional 29,568 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Atmus Filtration Technologies by 0.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock worth $45,717,000 after buying an additional 13,120 shares during the period. Weiss Asset Management LP lifted its holdings in Atmus Filtration Technologies by 5.6% in the fourth quarter. Weiss Asset Management LP now owns 1,931,182 shares of the company’s stock worth $45,363,000 after buying an additional 102,479 shares during the period. Vanguard Group Inc. boosted its position in Atmus Filtration Technologies by 73.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock valued at $34,712,000 after acquiring an additional 705,018 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Atmus Filtration Technologies by 7.9% during the 4th quarter. Wellington Management Group LLP now owns 828,045 shares of the company’s stock worth $19,451,000 after acquiring an additional 60,714 shares during the period. Institutional investors own 32.73% of the company’s stock.

Analyst Ratings Changes

ATMU has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Northland Securities upgraded shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Wednesday, March 20th. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Wells Fargo & Company decreased their target price on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Finally, The Goldman Sachs Group boosted their price target on Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $35.80.

Read Our Latest Stock Report on Atmus Filtration Technologies

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $28.48 on Friday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 3.42 and a beta of 1.76. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.27 and a current ratio of 2.00. Atmus Filtration Technologies Inc. has a one year low of $18.21 and a one year high of $33.70. The company’s 50-day moving average is $29.48 and its 200 day moving average is $26.95.

Atmus Filtration Technologies (NYSE:ATMUGet Free Report) last posted its quarterly earnings results 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 314.52%. The firm had revenue of $426.60 million for the quarter, compared to analysts’ expectations of $416.18 million. The business’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current fiscal year.

Atmus Filtration Technologies 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.

Further Reading

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

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