Teacher Retirement System of Texas Has $4.63 Million Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Teacher Retirement System of Texas raised its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 33.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 118,259 shares of the company's stock after acquiring an additional 29,702 shares during the period. Teacher Retirement System of Texas owned about 0.14% of Atmus Filtration Technologies worth $4,633,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ATMU. Raymond James Financial Inc. acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at approximately $26,152,000. Assenagon Asset Management S.A. acquired a new stake in Atmus Filtration Technologies in the 4th quarter valued at $14,877,000. The Manufacturers Life Insurance Company lifted its position in Atmus Filtration Technologies by 27.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company's stock worth $47,537,000 after buying an additional 272,890 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of Atmus Filtration Technologies by 2,909.5% during the 3rd quarter. Verition Fund Management LLC now owns 273,688 shares of the company's stock worth $10,272,000 after buying an additional 264,594 shares during the last quarter. Finally, Beaconlight Capital LLC grew its holdings in shares of Atmus Filtration Technologies by 488.2% in the 3rd quarter. Beaconlight Capital LLC now owns 304,548 shares of the company's stock valued at $11,430,000 after acquiring an additional 252,770 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

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Analyst Ratings Changes

Several research firms recently issued reports on ATMU. Wells Fargo & Company dropped their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Robert W. Baird decreased their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU traded down $0.54 during mid-day trading on Friday, reaching $37.57. The company's stock had a trading volume of 756,547 shares, compared to its average volume of 1,129,532. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43. The business has a 50-day simple moving average of $39.54 and a two-hundred day simple moving average of $39.66. The stock has a market cap of $3.13 billion, a P/E ratio of 17.00, a PEG ratio of 3.99 and a beta of 1.83.

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 (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. As a group, equities research analysts anticipate 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 was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio is currently 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.