Zurcher Kantonalbank Zurich Cantonalbank Buys Shares of 5,082 Atmus Filtration Technologies Inc. (NYSE:ATMU)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,082 shares of the company’s stock, valued at approximately $119,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James & Associates increased its holdings in shares of Atmus Filtration Technologies by 11.8% during the third quarter. Raymond James & Associates now owns 13,569 shares of the company’s stock valued at $283,000 after acquiring an additional 1,429 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Atmus Filtration Technologies during the third quarter worth $48,000. New York State Common Retirement Fund purchased a new stake in shares of Atmus Filtration Technologies during the third quarter valued at $73,000. Strs Ohio acquired a new position in shares of Atmus Filtration Technologies in the 3rd quarter valued at $72,000. Finally, M&T Bank Corp lifted its position in Atmus Filtration Technologies by 12.7% during the 3rd quarter. M&T Bank Corp now owns 41,368 shares of the company’s stock worth $862,000 after acquiring an additional 4,650 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $30.27 on Friday. The firm has a market cap of $2.52 billion and a P/E ratio of 15.44. The stock has a 50 day moving average of $29.54 and a two-hundred day moving average of $24.71. 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 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 data on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $426.60 million for the quarter, compared to analyst estimates of $416.18 million. Atmus Filtration Technologies had a return on equity of 482.30% and a net margin of 10.03%. The business’s revenue was up 1.9% compared to the same quarter last year. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATMU has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday. 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 report on Wednesday, March 20th. The Goldman Sachs Group boosted their price target on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their target price on shares of 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, Robert W. Baird lifted their price target on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Buy” and an average price target of $34.00.

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.