Bryce Point Capital LLC bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,608 shares of the company's stock, valued at approximately $847,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies in the 4th quarter worth approximately $26,000. New Age Alpha Advisors LLC purchased a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC lifted its holdings in Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after acquiring an additional 876 shares during the period. Daiwa Securities Group Inc. boosted its position in Atmus Filtration Technologies by 43.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock worth $104,000 after purchasing an additional 800 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $104,000. 32.73% of the stock is owned by hedge funds and other institutional investors.
Atmus Filtration Technologies Trading Up 2.0 %
Shares of ATMU traded up $0.66 during midday trading on Tuesday, reaching $33.02. The company had a trading volume of 120,214 shares, compared to its average volume of 1,049,597. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year 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 firm has a 50 day simple moving average of $38.58 and a 200-day simple moving average of $39.75. The stock has a market cap of $2.73 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. Research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.
Atmus Filtration Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on ATMU shares. Robert W. Baird lowered their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Wells Fargo & Company lowered their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.80.
Read Our Latest Research Report on ATMU
Atmus Filtration Technologies Company Profile
(
Free Report)
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.
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