Charles Schwab Investment Management Inc. lifted its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eagle Asset Management Inc. acquired a new stake in Atmus Filtration Technologies in the 3rd quarter valued at about $21,635,000. Assenagon Asset Management S.A. purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $14,877,000. The Manufacturers Life Insurance Company raised its holdings in Atmus Filtration Technologies by 27.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company's stock valued at $47,537,000 after acquiring an additional 272,890 shares in the last quarter. Verition Fund Management LLC lifted its stake in Atmus Filtration Technologies by 2,909.5% in the third quarter. Verition Fund Management LLC now owns 273,688 shares of the company's stock worth $10,272,000 after acquiring an additional 264,594 shares during the last quarter. Finally, Beaconlight Capital LLC grew its holdings in Atmus Filtration Technologies by 488.2% during the 3rd quarter. Beaconlight Capital LLC now owns 304,548 shares of the company's stock worth $11,430,000 after acquiring an additional 252,770 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.
Atmus Filtration Technologies Stock Performance
NYSE:ATMU traded down $0.88 during trading hours on Friday, reaching $37.43. 600,250 shares of the company's stock were exchanged, compared to its average volume of 1,122,897. 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 market capitalization of $3.10 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 1-year low of $27.54 and a 1-year high of $45.43. The company has a 50-day moving average of $39.79 and a 200 day moving average of $39.51.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The firm had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.
Atmus Filtration Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is currently 9.05%.
Analysts Set New Price Targets
ATMU has been the topic of a number of analyst reports. Robert W. Baird reduced 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. JPMorgan Chase & Co. dropped their target price on Atmus Filtration Technologies from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company decreased their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Atmus Filtration Technologies presently has an average rating of "Moderate Buy" and an average price target of $42.40.
Read Our Latest Analysis on Atmus Filtration Technologies
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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