Assenagon Asset Management S.A. Takes Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Assenagon Asset Management S.A. purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 379,706 shares of the company's stock, valued at approximately $14,877,000. Assenagon Asset Management S.A. owned about 0.46% of Atmus Filtration Technologies at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quarry LP acquired a new position in Atmus Filtration Technologies during the second quarter worth $29,000. GAMMA Investing LLC grew its stake in shares of Atmus Filtration Technologies by 89.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock worth $62,000 after purchasing an additional 774 shares during the period. KBC Group NV increased its holdings in shares of Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock valued at $91,000 after purchasing an additional 718 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Atmus Filtration Technologies in the third quarter valued at about $246,000. Finally, nVerses Capital LLC boosted its holdings in Atmus Filtration Technologies by 65.0% during the third quarter. nVerses Capital LLC now owns 6,600 shares of the company's stock worth $248,000 after buying an additional 2,600 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Price Performance

ATMU stock traded up $0.59 on Friday, reaching $42.37. The company had a trading volume of 836,015 shares, compared to its average volume of 474,522. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The company's fifty day moving average is $41.19 and its 200 day moving average is $37.04. The company 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. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. During the same period in the prior year, the business earned $0.52 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. On average, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ATMU. Wells Fargo & Company dropped their target price on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Northland Securities boosted their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $43.80.

Atmus Filtration Technologies 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.