Jump Financial LLC Buys 5,954 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Jump Financial LLC boosted its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 32.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,299 shares of the company’s stock after purchasing an additional 5,954 shares during the period. Jump Financial LLC’s holdings in Atmus Filtration Technologies were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATMU. Vanguard Group Inc. boosted its holdings in Atmus Filtration Technologies by 73.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock worth $34,712,000 after buying an additional 705,018 shares during the period. FMR LLC grew its position in shares of Atmus Filtration Technologies by 193.9% during the third quarter. FMR LLC now owns 1,077,043 shares of the company’s stock worth $22,456,000 after purchasing an additional 710,540 shares in the last quarter. Wellington Management Group LLP raised its stake in Atmus Filtration Technologies by 11.3% during the 3rd quarter. Wellington Management Group LLP now owns 767,331 shares of the company’s stock valued at $15,999,000 after purchasing an additional 77,917 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Atmus Filtration Technologies by 4.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 488,826 shares of the company’s stock worth $11,483,000 after purchasing an additional 19,225 shares in the last quarter. Finally, Barclays PLC bought a new position in Atmus Filtration Technologies in the 3rd quarter worth approximately $2,921,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ATMU. Northland Securities raised shares of 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. JPMorgan Chase & Co. increased their price objective on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Robert W. Baird raised their price objective on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. The Goldman Sachs Group increased their price target on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company cut their price target on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $34.00.

Atmus Filtration Technologies Trading Down 0.4 %

Shares of ATMU stock opened at $30.15 on Wednesday. The company has a market cap of $2.51 billion and a PE ratio of 15.38. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.00 and a quick ratio of 1.27. The stock’s 50 day simple moving average is $30.49 and its two-hundred day simple moving average is $25.34. Atmus Filtration Technologies Inc. has a 1 year low of $18.21 and a 1 year high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The company had revenue of $426.60 million during the quarter, compared to the consensus estimate of $416.18 million. Atmus Filtration Technologies’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts predict that Atmus Filtration Technologies Inc. will post 2.26 earnings per share 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.