Capstone Investment Advisors LLC Grows Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Capstone Investment Advisors LLC grew its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 854.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,398 shares of the company’s stock after purchasing an additional 85,398 shares during the period. Capstone Investment Advisors LLC owned about 0.11% of Atmus Filtration Technologies worth $3,077,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ATMU. Kennedy Capital Management LLC purchased a new stake in shares of Atmus Filtration Technologies during the 3rd quarter worth approximately $2,606,000. Wellington Management Group LLP increased its holdings in Atmus Filtration Technologies by 11.3% in the third quarter. Wellington Management Group LLP now owns 767,331 shares of the company’s stock valued at $15,999,000 after buying an additional 77,917 shares during the last quarter. Wesbanco Bank Inc. bought a new position in Atmus Filtration Technologies during the 3rd quarter worth $344,000. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 705,018 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at $144,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ATMU shares. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Wells Fargo & Company decreased their target price on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. JPMorgan Chase & Co. increased their target price 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. The Goldman Sachs Group increased their target price 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. Finally, Northland Securities raised Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Wednesday, March 20th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $35.80.

Atmus Filtration Technologies Trading Up 0.2 %

ATMU stock traded up $0.07 during mid-day trading on Friday, hitting $28.55. 907,289 shares of the company were exchanged, compared to its average volume of 868,540. The business has a fifty day simple moving average of $29.43 and a 200-day simple moving average of $26.98. 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 has a market capitalization of $2.38 billion, a P/E ratio of 14.56, a PEG ratio of 3.49 and a beta of 1.76.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.60 EPS for the quarter, beating 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 for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.26 earnings per share for the current fiscal 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.