Entropy Technologies LP Lowers Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Entropy Technologies LP trimmed its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 49.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,846 shares of the company’s stock after selling 16,653 shares during the quarter. Entropy Technologies LP’s holdings in Atmus Filtration Technologies were worth $660,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Eagle Asset Management Inc. bought a new position in Atmus Filtration Technologies in the 3rd quarter valued at approximately $21,635,000. Assenagon Asset Management S.A. bought a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at $14,877,000. The Manufacturers Life Insurance Company boosted its position in shares of Atmus Filtration Technologies by 27.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock valued at $47,537,000 after buying an additional 272,890 shares during the last quarter. Verition Fund Management LLC increased its holdings in Atmus Filtration Technologies by 2,909.5% in the 3rd quarter. Verition Fund Management LLC now owns 273,688 shares of the company’s stock worth $10,272,000 after buying an additional 264,594 shares in the last quarter. Finally, Beaconlight Capital LLC raised its position in Atmus Filtration Technologies by 488.2% in the 3rd quarter. Beaconlight Capital LLC now owns 304,548 shares of the company’s stock worth $11,430,000 after buying an additional 252,770 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Northland Securities upped their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Robert W. Baird increased their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their target price on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.80.

Atmus Filtration Technologies Stock Performance

ATMU opened at $41.28 on Wednesday. The company’s 50 day moving average is $40.71 and its 200 day moving average is $38.46. 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 has a market cap of $3.43 billion, a price-to-earnings ratio of 19.20, a PEG 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.

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.