AlphaQuest LLC acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,814 shares of the company's stock, valued at approximately $502,000.
Several other large investors also recently made changes to their positions in ATMU. Glenmede Trust Co. NA lifted its holdings in Atmus Filtration Technologies by 0.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company's stock valued at $1,549,000 after purchasing an additional 303 shares during the last quarter. Jag Capital Management LLC lifted its holdings in Atmus Filtration Technologies by 8.1% during the 4th quarter. Jag Capital Management LLC now owns 7,653 shares of the company's stock valued at $300,000 after purchasing an additional 571 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Atmus Filtration Technologies during the 4th quarter valued at $26,000. KBC Group NV lifted its holdings in Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock valued at $91,000 after purchasing an additional 718 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Atmus Filtration Technologies by 333.1% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.
Atmus Filtration Technologies Stock Performance
ATMU stock traded up $0.97 during trading hours on Friday, hitting $36.72. 1,180,485 shares of the stock were exchanged, compared to its average volume of 1,278,697. 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 firm has a market capitalization of $3.04 billion, a P/E ratio of 16.62, a P/E/G ratio of 3.99 and a beta of 1.83. The company has a 50-day simple moving average of $39.92 and a two-hundred day simple moving average of $39.46. Atmus Filtration Technologies Inc. has a 12 month low of $25.51 and a 12 month high of $45.43.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $399.24 million. On average, analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.
Atmus Filtration Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is currently 9.05%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on ATMU shares. Robert W. Baird cut their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Wells Fargo & Company lowered their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.00.
Get Our Latest Analysis on Atmus Filtration Technologies
Atmus Filtration Technologies 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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