Allspring Global Investments Holdings LLC Reduces Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Allspring Global Investments Holdings LLC reduced its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,021,701 shares of the company's stock after selling 131,783 shares during the period. Allspring Global Investments Holdings LLC owned 1.23% of Atmus Filtration Technologies worth $39,775,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Parsifal Capital Management LP boosted its stake in shares of Atmus Filtration Technologies by 2.2% during the 3rd quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company's stock worth $102,130,000 after purchasing an additional 58,478 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Atmus Filtration Technologies by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company's stock worth $94,476,000 after acquiring an additional 43,004 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Atmus Filtration Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company's stock worth $71,123,000 after acquiring an additional 39,710 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Atmus Filtration Technologies by 27.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company's stock worth $47,537,000 after acquiring an additional 272,890 shares during the period. Finally, abrdn plc lifted its holdings in shares of Atmus Filtration Technologies by 32.5% during the 3rd quarter. abrdn plc now owns 725,732 shares of the company's stock worth $27,237,000 after acquiring an additional 178,074 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Trading Down 0.5 %

NYSE ATMU traded down $0.20 during mid-day trading on Tuesday, hitting $40.07. The company's stock had a trading volume of 156,012 shares, compared to its average volume of 586,288. Atmus Filtration Technologies Inc. has a 52-week low of $22.30 and a 52-week high of $45.43. The stock's fifty day simple moving average is $40.49 and its two-hundred day simple moving average is $38.80. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The firm has a market capitalization of $3.33 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 4.30 and a beta of 1.80.

Analyst Upgrades and Downgrades

ATMU has been the topic of several recent analyst reports. Robert W. Baird increased their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Wells Fargo & Company cut their price objective on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, Northland Securities increased their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.80.

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.