Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 403.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,500 shares of the company’s stock after purchasing an additional 60,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.09% of Atmus Filtration Technologies worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATMU. KBC Group NV grew its holdings in Atmus Filtration Technologies by 67.9% in the 4th quarter. KBC Group NV now owns 4,070 shares of the company’s stock valued at $159,000 after buying an additional 1,646 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies in the 4th quarter valued at about $26,000. Nisa Investment Advisors LLC lifted its stake in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at about $14,877,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Atmus Filtration Technologies by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock valued at $10,737,000 after purchasing an additional 21,687 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ATMU shares. Northland Securities lifted their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company reduced their price objective on Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.80.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $40.50 on Friday. The stock’s 50 day moving average price is $40.87 and its 200 day moving average price is $38.19. The firm has a market capitalization of $3.37 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 4.42 and a beta of 1.80. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a one year low of $21.09 and a one year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. During the same period in the prior year, the company posted $0.52 EPS. Atmus Filtration Technologies’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Company 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.