Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2,022.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 336,783 shares of the company's stock after purchasing an additional 320,917 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.41% of Atmus Filtration Technologies worth $13,195,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATMU. Geneos Wealth Management Inc. purchased a new position in shares of Atmus Filtration Technologies during the fourth quarter worth $26,000. New Age Alpha Advisors LLC purchased a new position in shares of Atmus Filtration Technologies during the fourth quarter worth $32,000. Nisa Investment Advisors LLC raised its stake in shares of 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 in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at $104,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Atmus Filtration Technologies by 43.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Robert W. Baird reduced their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Finally, Wells Fargo & Company cut their price target on 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $42.80.

Remove Ads

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU traded down $1.45 on Thursday, reaching $34.11. The company's stock had a trading volume of 74,840 shares, compared to its average volume of 857,472. The stock's 50-day moving average is $37.90 and its two-hundred day moving average is $39.61. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The stock has a market capitalization of $2.82 billion, a P/E ratio of 15.43, a PEG ratio of 3.99 and a beta of 1.78.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $406.70 million during the quarter, compared to analysts' expectations of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

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.