Charles Schwab Investment Management Inc. boosted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 753,495 shares of the company's stock after purchasing an additional 40,352 shares during the period. Charles Schwab Investment Management Inc. owned about 0.91% of Atmus Filtration Technologies worth $29,522,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of Atmus Filtration Technologies by 72.4% during the 4th quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company's stock valued at $20,703,000 after acquiring an additional 221,853 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Atmus Filtration Technologies by 193.9% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 20,510 shares of the company's stock valued at $804,000 after purchasing an additional 13,532 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in Atmus Filtration Technologies during the fourth quarter valued at $1,234,000. Ieq Capital LLC purchased a new stake in Atmus Filtration Technologies in the fourth quarter worth $242,000. Finally, Convergence Investment Partners LLC raised its stake in shares of Atmus Filtration Technologies by 18.2% in the fourth quarter. Convergence Investment Partners LLC now owns 30,621 shares of the company's stock valued at $1,200,000 after buying an additional 4,719 shares during the period. Institutional investors own 32.73% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on ATMU shares. JPMorgan Chase & Co. cut their price target on Atmus Filtration Technologies from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Tuesday. Robert W. Baird dropped their price objective 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. Finally, Wells Fargo & Company reduced their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note 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. According to data from MarketBeat, Atmus Filtration Technologies has a consensus rating of "Moderate Buy" and an average target price of $42.40.
Read Our Latest Research Report on ATMU
Atmus Filtration Technologies Stock Performance
Shares of NYSE:ATMU traded up $0.92 during midday trading on Wednesday, reaching $38.15. 191,422 shares of the company traded hands, compared to its average volume of 1,219,636. The firm's fifty day moving average price is $39.83 and its two-hundred day moving average price is $39.53. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. 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 announced its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $406.70 million for the quarter, compared to analysts' expectations of $399.24 million. On average, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.
Atmus Filtration Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date is Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is 9.05%.
Atmus Filtration Technologies Company Profile
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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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