GW&K Investment Management LLC Takes $7.09 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

GW&K Investment Management LLC purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the fourth quarter, HoldingsChannel reports. The firm purchased 301,863 shares of the company’s stock, valued at approximately $7,091,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kennedy Capital Management LLC acquired a new stake in Atmus Filtration Technologies in the third quarter valued at $2,606,000. Swiss National Bank bought a new position in Atmus Filtration Technologies in the third quarter worth approximately $763,000. Victory Capital Management Inc. acquired a new stake in Atmus Filtration Technologies in the third quarter valued at approximately $772,000. Vanguard Group Inc. increased its holdings 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 valued at $34,712,000 after acquiring an additional 705,018 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Atmus Filtration Technologies by 11.3% during the third quarter. Wellington Management Group LLP now owns 767,331 shares of the company’s stock worth $15,999,000 after purchasing an additional 77,917 shares during the period. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on ATMU shares. Northland Securities upgraded shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Wednesday, March 20th. Wells Fargo & Company dropped 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 research report on Monday, May 6th. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. The Goldman Sachs Group lifted their target price on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Robert W. Baird increased their price target 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. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $34.00.

Atmus Filtration Technologies Trading Down 0.9 %

Shares of Atmus Filtration Technologies stock opened at $29.88 on Thursday. The firm has a market cap of $2.49 billion and a PE ratio of 15.24. Atmus Filtration Technologies Inc. has a 1 year low of $18.21 and a 1 year high of $33.70. 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 has a fifty day moving average price of $30.66 and a 200-day moving average price of $25.44.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results 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. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 314.52%. The firm had revenue of $426.60 million for the quarter, compared to analysts’ expectations of $416.18 million. Atmus Filtration Technologies’s revenue was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current year.

Atmus Filtration Technologies Company 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.