Cambiar Investors LLC Has $2.38 Million Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Cambiar Investors LLC reduced its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 60,730 shares of the company’s stock after selling 5,190 shares during the quarter. Cambiar Investors LLC owned approximately 0.07% of Atmus Filtration Technologies worth $2,379,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ATMU. AQR Capital Management LLC acquired a new stake in shares of Atmus Filtration Technologies during the second quarter worth $266,000. GAMMA Investing LLC increased its position in shares of Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after buying an additional 774 shares during the period. CWM LLC increased its position in shares of Atmus Filtration Technologies by 3,959.1% during the third quarter. CWM LLC now owns 6,941 shares of the company’s stock worth $260,000 after buying an additional 6,770 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Atmus Filtration Technologies during the third quarter worth $562,000. Finally, nVerses Capital LLC increased its position in shares of Atmus Filtration Technologies by 65.0% during the third quarter. nVerses Capital LLC now owns 6,600 shares of the company’s stock worth $248,000 after buying an additional 2,600 shares during the period. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATMU has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of 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. Northland Securities increased their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird increased their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.80.

Atmus Filtration Technologies Stock Down 0.5 %

Shares of NYSE ATMU opened at $40.76 on Tuesday. The firm has a market cap of $3.39 billion, a PE ratio of 18.96, a P/E/G ratio of 4.30 and a beta of 1.80. Atmus Filtration Technologies Inc. has a 12-month low of $21.21 and a 12-month high of $45.43. The company’s fifty day simple moving average is $40.77 and its 200 day simple moving average is $38.39. 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) last released its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The firm had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. During the same period last year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

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.