Allspring Global Investments Holdings LLC Has $11.48 Million Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Allspring Global Investments Holdings LLC boosted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 488,826 shares of the company’s stock after buying an additional 19,225 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.59% of Atmus Filtration Technologies worth $11,483,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ATMU. JPMorgan Chase & Co. acquired a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $2,233,000. BlackRock Inc. bought a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $22,563,000. Nuveen Asset Management LLC acquired a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $14,416,000. Marshall Wace LLP bought a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at $7,129,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter valued at $60,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Trading Up 0.5 %

ATMU stock opened at $32.12 on Tuesday. Atmus Filtration Technologies Inc. has a 52-week low of $18.21 and a 52-week high of $33.70. The business has a 50-day simple moving average of $26.65 and a two-hundred day simple moving average of $23.49. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.05. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. The business had revenue of $399.70 million during the quarter, compared to the consensus estimate of $384.55 million. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Northland Securities upgraded Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Wednesday, March 20th. Finally, Robert W. Baird boosted their price objective on Atmus Filtration Technologies from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $30.80.

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.