SG Americas Securities LLC Buys Shares of 6,144 Atmus Filtration Technologies Inc. (NYSE:ATMU)

SG Americas Securities LLC bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 6,144 shares of the company’s stock, valued at approximately $144,000.

Other institutional investors also recently bought and sold shares of the company. Kennedy Capital Management LLC purchased a new position in shares of Atmus Filtration Technologies in the 3rd quarter valued at about $2,606,000. Swiss National Bank purchased a new position in shares of Atmus Filtration Technologies in the 3rd quarter valued at about $763,000. Victory Capital Management Inc. purchased a new position in shares of Atmus Filtration Technologies in the 3rd quarter valued at about $772,000. Cambiar Investors LLC purchased a new position in shares of Atmus Filtration Technologies in the 3rd quarter valued at about $1,972,000. Finally, Wellington Management Group LLP boosted its stake in shares of Atmus Filtration Technologies by 11.3% in the 3rd quarter. Wellington Management Group LLP now owns 767,331 shares of the company’s stock valued at $15,999,000 after buying an additional 77,917 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday. Northland Securities upgraded Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Wednesday, March 20th. The Goldman Sachs Group boosted their target price on Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price 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. Finally, Robert W. Baird boosted their target price on Atmus Filtration Technologies from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $31.33.

Atmus Filtration Technologies Trading Up 0.6 %

Shares of NYSE ATMU opened at $32.30 on Wednesday. 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 Inc. has a twelve month low of $18.21 and a twelve month high of $33.70. The stock has a 50 day moving average of $26.87 and a two-hundred day moving average of $23.57.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. The company had revenue of $399.70 million during the quarter, compared to analysts’ expectations of $384.55 million. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts expect that Atmus Filtration Technologies Inc. will post 2.23 EPS for the current fiscal year.

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.