Allspring Global Investments Holdings LLC Cuts Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Allspring Global Investments Holdings LLC cut its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 11.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,021,701 shares of the company’s stock after selling 131,783 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.23% of Atmus Filtration Technologies worth $39,775,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Atmus Filtration Technologies by 403.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 75,500 shares of the company’s stock valued at $2,958,000 after acquiring an additional 60,500 shares in the last quarter. KBC Group NV increased its holdings in shares of Atmus Filtration Technologies by 67.9% in the 4th quarter. KBC Group NV now owns 4,070 shares of the company’s stock worth $159,000 after purchasing an additional 1,646 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Atmus Filtration Technologies in the fourth quarter worth $26,000. Nisa Investment Advisors LLC lifted its holdings in shares of Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at $14,877,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

ATMU opened at $40.26 on Friday. Atmus Filtration Technologies Inc. has a 12-month low of $21.88 and a 12-month high of $45.43. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 4.30 and a beta of 1.80. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The company’s 50 day moving average is $40.55 and its 200 day moving average is $38.55.

Wall Street Analysts Forecast Growth

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

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.