Wellington Management Group LLP Purchases 60,714 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Wellington Management Group LLP boosted its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 828,045 shares of the company’s stock after buying an additional 60,714 shares during the quarter. Wellington Management Group LLP’s holdings in Atmus Filtration Technologies were worth $19,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Atmus Filtration Technologies by 193.9% in the third quarter. FMR LLC now owns 1,077,043 shares of the company’s stock valued at $22,456,000 after purchasing an additional 710,540 shares during the period. Vanguard Group Inc. raised its position in shares of Atmus Filtration Technologies by 73.5% in the third quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock valued at $34,712,000 after purchasing an additional 705,018 shares during the period. GW&K Investment Management LLC bought a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at about $7,091,000. Kennedy Capital Management LLC bought a new position in shares of Atmus Filtration Technologies in the third quarter valued at about $2,606,000. Finally, Weiss Asset Management LP raised its position in shares of Atmus Filtration Technologies by 5.6% in the fourth quarter. Weiss Asset Management LP now owns 1,931,182 shares of the company’s stock valued at $45,363,000 after purchasing an additional 102,479 shares during the period. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Trading Up 0.7 %

Shares of Atmus Filtration Technologies stock opened at $29.04 on Wednesday. The company has a market capitalization of $2.42 billion and a price-to-earnings ratio of 14.82. The company has a quick ratio of 1.27, a current ratio of 2.00 and a debt-to-equity ratio of 4.83. Atmus Filtration Technologies Inc. has a 12-month low of $18.21 and a 12-month high of $33.70. The firm’s 50-day moving average price is $29.85 and its two-hundred day moving average price is $26.78.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $426.60 million for the quarter, compared to the consensus estimate of $416.18 million. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 314.52%. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Atmus Filtration Technologies Inc. will post 2.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Northland Securities upgraded shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Wednesday, March 20th. Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company decreased 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 note on Monday, May 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $35.80.

Atmus Filtration Technologies Company 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.