Entropy Technologies LP Sells 16,653 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Entropy Technologies LP lowered its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 49.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,846 shares of the company's stock after selling 16,653 shares during the quarter. Entropy Technologies LP's holdings in Atmus Filtration Technologies were worth $660,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in shares of Atmus Filtration Technologies during the fourth quarter worth $26,000. Nisa Investment Advisors LLC increased its position in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after buying an additional 876 shares in the last quarter. GAMMA Investing LLC raised its stake in 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 buying an additional 774 shares during the period. KBC Group NV lifted its holdings in Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after acquiring an additional 718 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new position in Atmus Filtration Technologies in the third quarter valued at about $246,000. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Up 0.5 %

Atmus Filtration Technologies stock traded up $0.19 during midday trading on Friday, reaching $40.26. The stock had a trading volume of 1,012,061 shares, compared to its average volume of 559,612. The stock has a market capitalization of $3.35 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 4.30 and a beta of 1.80. The firm's fifty day simple moving average is $40.51 and its 200-day simple moving average is $38.67. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a 1-year low of $21.88 and a 1-year high of $45.43.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ATMU shares. Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, Northland Securities upped their price target on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company 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 stock. According to MarketBeat, Atmus Filtration Technologies has a consensus rating of "Moderate Buy" and a consensus 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.