Allspring Global Investments Holdings LLC Sells 131,783 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Allspring Global Investments Holdings LLC lowered its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 11.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,021,701 shares of the company’s stock after selling 131,783 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Atmus Filtration Technologies were worth $39,775,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. bought a new position in shares of Atmus Filtration Technologies in the fourth quarter worth about $26,000. Nisa Investment Advisors LLC lifted its holdings in Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after purchasing an additional 876 shares in the last quarter. KBC Group NV boosted its stake in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after purchasing an additional 718 shares during the period. Prospera Financial Services Inc purchased a new stake in Atmus Filtration Technologies during the 3rd quarter valued at approximately $246,000. Finally, nVerses Capital LLC raised 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 valued at $248,000 after buying an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

ATMU has been the subject of several research analyst reports. Robert W. Baird raised their target price 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. Northland Securities raised their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased 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 report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.80.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $40.26 on Friday. The firm has a fifty day simple moving average of $40.55 and a two-hundred day simple moving average of $38.55. Atmus Filtration Technologies Inc. has a 52 week low of $21.88 and a 52 week high of $45.43. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $3.35 billion, a P/E ratio of 18.73, a PEG ratio of 4.30 and a beta of 1.80.

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.