The Manufacturers Life Insurance Company Increases Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

The Manufacturers Life Insurance Company boosted its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 685,729 shares of the company's stock after purchasing an additional 55,291 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.82% of Atmus Filtration Technologies worth $16,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATMU. Raymond James & Associates raised its stake in shares of Atmus Filtration Technologies by 13.1% in the 4th quarter. Raymond James & Associates now owns 15,352 shares of the company's stock valued at $361,000 after buying an additional 1,783 shares in the last quarter. Amalgamated Bank bought a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth approximately $48,000. Victory Capital Management Inc. boosted its stake in Atmus Filtration Technologies by 7.8% in the 4th quarter. Victory Capital Management Inc. now owns 39,883 shares of the company's stock valued at $937,000 after buying an additional 2,873 shares in the last quarter. New York State Common Retirement Fund bought a new stake in Atmus Filtration Technologies in the third quarter valued at $73,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at $119,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Wall Street Analyst Weigh In

ATMU has been the subject of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Northland Securities raised Atmus Filtration Technologies from a "market perform" rating to an "outperform" rating and set a $34.00 price target for the company in a report on Wednesday, March 20th. Robert W. Baird raised their target price on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, April 17th. Wells Fargo & Company reduced their price target on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, April 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $34.00.

Atmus Filtration Technologies Trading Up 0.9 %

Shares of NYSE:ATMU traded up $0.26 during trading on Monday, hitting $29.31. 815,473 shares of the company's stock were exchanged, compared to its average volume of 2,690,761. Atmus Filtration Technologies Inc. has a 1-year low of $18.21 and a 1-year high of $33.70. The firm has a market cap of $2.44 billion and a P/E ratio of 14.89. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 4.83. The firm has a 50-day moving average price of $30.80 and a two-hundred day moving average price of $26.26.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.01. The company had revenue of $426.60 million for the quarter, compared to the consensus estimate of $416.18 million. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The business's revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts predict that Atmus Filtration Technologies Inc. will post 2.26 earnings per share for the current year.

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.