Livforsakringsbolaget Skandia Omsesidigt Has $2.96 Million Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 403.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,500 shares of the company's stock after acquiring an additional 60,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.09% of Atmus Filtration Technologies worth $2,958,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. purchased a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at $26,000. Nisa Investment Advisors LLC boosted its position in Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after purchasing an additional 876 shares during the last quarter. GAMMA Investing LLC boosted its position in Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock valued at $62,000 after purchasing an additional 774 shares during the last quarter. KBC Group NV lifted its position in shares of Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after buying an additional 718 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in shares of Atmus Filtration Technologies in the third quarter worth about $246,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU traded up $0.34 during trading hours on Tuesday, hitting $41.03. 297,454 shares of the company's stock were exchanged, compared to its average volume of 575,902. Atmus Filtration Technologies Inc. has a 1-year low of $21.21 and a 1-year high of $45.43. 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 stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 4.30 and a beta of 1.80. The company's 50-day moving average price is $40.77 and its 200-day moving average price is $38.39.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $403.40 million. During the same quarter in the previous year, the firm earned $0.52 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATMU has been the subject of a number of analyst reports. Northland Securities boosted their price target 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. Wells Fargo & Company reduced their price target on 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. Finally, Robert W. Baird boosted their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.