The Manufacturers Life Insurance Company has increased its stake in Atmus Filtration Technologies Inc. by 8.8% in the 4th quarter, acquiring an additional 55,291 shares. The institutional investor now owns 685,729 shares of the company's stock, representing about 0.82% of the company's total shares. Several other institutional investors and hedge funds have also recently modified their holdings of the stock.
Atmus Filtration Technologies Inc. designs, manufactures, and sells filtration products under the Fleetguard brand name. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals. The stock is listed on the New York Stock Exchange under the ticker symbol ATMU. The company's stock opened at $29.05 on Monday and has a 50-day moving average of $30.80. The 200-day moving average is $26.26. Atmus Filtration Technologies has a market cap of $2.42 billion and a PE ratio of 14.82. The company reported $0.60 EPS for the last quarter, beating analysts' consensus estimates of $0.59 by $0.01. The company had revenue of $426.60 million for the quarter, compared to analysts' expectations of $416.18 million. Atmus Filtration Technologies is rated 'Buy' by six equities research analysts, with a consensus target price of $34.00. The stock is currently owned by several institutional investors, including The Manufacturers Life Insurance Company, Amalgamated Bank, New York State Common Retirement Fund, Zurcher Kantonalbank Zurich Cantonalbank, SG Americas Securities LLC, and Wesbanco Bank Inc. [3dfc06b3]