Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 13.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,352 shares of the company’s stock after purchasing an additional 1,783 shares during the period. Raymond James & Associates’ holdings in Atmus Filtration Technologies were worth $361,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in shares of Atmus Filtration Technologies during the third quarter worth about $48,000. Strs Ohio purchased a new position in Atmus Filtration Technologies in the third quarter worth approximately $72,000. New York State Common Retirement Fund acquired a new position in Atmus Filtration Technologies during the 3rd quarter worth approximately $73,000. SG Americas Securities LLC purchased a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $144,000. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at $344,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Trading Up 1.4 %

NYSE:ATMU opened at $31.30 on Monday. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.18 and a current ratio of 1.85. Atmus Filtration Technologies Inc. has a 52-week low of $18.21 and a 52-week high of $33.70. The stock’s 50 day moving average price is $28.28 and its 200 day moving average price is $24.17.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 135.12%. The business had revenue of $399.70 million for the quarter, compared to analyst estimates of $384.55 million. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird increased their target price on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Northland Securities raised Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Wednesday, March 20th. JPMorgan Chase & Co. boosted their target price on Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, 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. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $32.67.

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.