Quantbot Technologies LP Makes New Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Quantbot Technologies LP acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 239,250 shares of the company’s stock, valued at approximately $7,716,000. Atmus Filtration Technologies makes up about 0.4% of Quantbot Technologies LP’s investment portfolio, making the stock its 25th biggest position. Quantbot Technologies LP owned 0.29% of Atmus Filtration Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. increased its position in shares of Atmus Filtration Technologies by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 2,602,746 shares of the company’s stock worth $61,139,000 after acquiring an additional 29,568 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Atmus Filtration Technologies by 0.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock worth $45,717,000 after acquiring an additional 13,120 shares during the last quarter. Weiss Asset Management LP increased its position in shares of Atmus Filtration Technologies by 5.6% during the fourth quarter. Weiss Asset Management LP now owns 1,931,182 shares of the company’s stock worth $45,363,000 after acquiring an additional 102,479 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Atmus Filtration Technologies by 73.5% during the third 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 last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Atmus Filtration Technologies by 99.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company’s stock worth $31,387,000 after acquiring an additional 484,420 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ATMU shares. 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. Wells Fargo & Company dropped their target price on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 15th. The Goldman Sachs Group boosted their price objective on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Robert W. Baird boosted their price objective on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $35.80.

Atmus Filtration Technologies Stock Up 0.4 %

Atmus Filtration Technologies stock traded up $0.13 during midday trading on Friday, hitting $29.29. The stock had a trading volume of 825,482 shares, compared to its average volume of 2,402,756. The stock has a market cap of $2.44 billion, a P/E ratio of 14.94, a P/E/G ratio of 3.43 and a beta of 1.76. The business has a fifty day moving average price of $29.27 and a 200 day moving average price of $27.14. Atmus Filtration Technologies Inc. has a 12 month low of $18.21 and a 12 month high of $33.70. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 4.83.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, May 3rd. The company reported $0.60 EPS 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 analyst estimates of $416.18 million. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current year.

About Atmus Filtration Technologies

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.