Brooklyn Investment Group Has $212,000 Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Brooklyn Investment Group reduced its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 18.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,404 shares of the company’s stock after selling 1,214 shares during the quarter. Brooklyn Investment Group’s holdings in Atmus Filtration Technologies were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D bought a new stake in Atmus Filtration Technologies during the second quarter valued at about $1,802,000. DekaBank Deutsche Girozentrale bought a new stake in Atmus Filtration Technologies during the 2nd quarter valued at approximately $395,000. Oppenheimer Asset Management Inc. acquired a new stake in Atmus Filtration Technologies in the 2nd quarter valued at approximately $220,000. Dimensional Fund Advisors LP acquired a new position in shares of Atmus Filtration Technologies during the second quarter worth approximately $3,178,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Atmus Filtration Technologies in the second quarter valued at approximately $17,743,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $42.37 on Friday. Atmus Filtration Technologies Inc. has a twelve month low of $21.09 and a twelve month 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 cap of $3.52 billion, a P/E ratio of 19.71, a PEG ratio of 4.12 and a beta of 1.80. The company’s 50-day simple moving average is $41.19 and its 200 day simple moving average is $37.04.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. Atmus Filtration Technologies’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. As a group, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on ATMU. Robert W. Baird upped 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. Wells Fargo & Company cut 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. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Northland Securities upped their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.80.

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.