Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 48.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,452 shares of the company’s stock after selling 17,120 shares during the quarter. GSA Capital Partners LLP’s holdings in Atmus Filtration Technologies were worth $595,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ATMU. Vanguard Group Inc. increased its holdings in shares of Atmus Filtration Technologies by 73.5% in the 3rd 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 during the period. Caas Capital Management LP acquired a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at $19,841,000. Allspring Global Investments Holdings LLC increased its stake in Atmus Filtration Technologies by 99.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company’s stock valued at $31,387,000 after buying an additional 484,420 shares during the period. GW&K Investment Management LLC acquired a new position in Atmus Filtration Technologies in the 4th quarter valued at $7,091,000. Finally, Principal Financial Group Inc. acquired a new position in Atmus Filtration Technologies in the 1st quarter valued at $8,441,000. 32.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ATMU. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. The Goldman Sachs Group boosted their price objective on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Northland Securities upgraded shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research report on Wednesday, March 20th. Wells Fargo & Company decreased their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Buy” and a consensus price target of $35.80.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $29.29 on Friday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 3.57 and a beta of 1.76. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 4.83. The company’s 50-day moving average is $29.27 and its two-hundred day moving average is $27.14. Atmus Filtration Technologies Inc. has a 12-month low of $18.21 and a 12-month high of $33.70.

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, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $426.60 million for the quarter, compared to analyst estimates of $416.18 million. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 314.52%. Atmus Filtration Technologies’s revenue was up 1.9% on a year-over-year basis. Research analysts expect that Atmus Filtration Technologies Inc. will post 2.26 EPS 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.