Atmus Filtration Technologies Inc. (NYSE:ATMU) Stake Cut by Brooklyn Investment Group

Brooklyn Investment Group cut its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 18.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,404 shares of the company’s stock after selling 1,214 shares during the period. Brooklyn Investment Group’s holdings in Atmus Filtration Technologies were worth $212,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. State of New Jersey Common Pension Fund D acquired a new stake in Atmus Filtration Technologies in the second quarter worth $1,802,000. DekaBank Deutsche Girozentrale bought a new stake in Atmus Filtration Technologies in the second quarter worth about $395,000. Oppenheimer Asset Management Inc. acquired a new stake in Atmus Filtration Technologies during the second quarter valued at approximately $220,000. Dimensional Fund Advisors LP acquired a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at $3,178,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Atmus Filtration Technologies during the second quarter valued at $17,743,000. Institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

ATMU has been the subject of several research analyst reports. Robert W. Baird raised their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Northland Securities lifted their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company reduced their price target on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $42.37 on Friday. The firm has a market cap of $3.52 billion, a P/E ratio of 19.71, a PEG ratio of 4.12 and a beta of 1.80. The stock’s 50-day moving average is $41.19 and its two-hundred day moving average is $37.04. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. Atmus Filtration Technologies Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. Atmus Filtration Technologies’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. Analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal 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.