Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lowered its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,084 shares of the company's stock after selling 35,070 shares during the quarter. Moody Aldrich Partners LLC owned 0.15% of Atmus Filtration Technologies worth $4,744,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ATMU. KBC Group NV grew its holdings in shares of Atmus Filtration Technologies by 67.9% in the 4th quarter. KBC Group NV now owns 4,070 shares of the company's stock worth $159,000 after acquiring an additional 1,646 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies during the fourth quarter worth $26,000. Nisa Investment Advisors LLC grew its holdings in Atmus Filtration Technologies by 333.1% in 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. Assenagon Asset Management S.A. purchased a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at $14,877,000. Finally, JPMorgan Chase & Co. increased its position in shares of Atmus Filtration Technologies by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock valued at $10,737,000 after buying an additional 21,687 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Trading Down 2.6 %

Shares of ATMU traded down $1.10 on Friday, hitting $41.78. 647,315 shares of the stock traded hands, compared to its average volume of 560,973. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $45.43. The stock's 50 day moving average is $41.03 and its two-hundred day moving average is $37.98. The firm has a market capitalization of $3.47 billion, a P/E ratio of 19.43, a P/E/G ratio of 4.45 and a beta of 1.80. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. As a group, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Analysts Set New Price Targets

ATMU has been the topic of a number of research reports. Robert W. Baird increased their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Wells Fargo & Company reduced their target price on 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 raised 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Atmus Filtration Technologies currently 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.