Thrivent Financial for Lutherans grew its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 126.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,156 shares of the company's stock after buying an additional 215,720 shares during the quarter. Thrivent Financial for Lutherans owned 0.46% of Atmus Filtration Technologies worth $15,130,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ATMU. Geneos Wealth Management Inc. bought a new position in Atmus Filtration Technologies during the 4th quarter valued at $26,000. Nisa Investment Advisors LLC raised its stake in shares of Atmus Filtration Technologies by 333.1% in 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 in the last quarter. KBC Group NV raised its stake in shares of Atmus Filtration Technologies by 42.1% in 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 in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock worth $104,000 after purchasing an additional 800 shares during the last quarter. Finally, Ieq Capital LLC acquired a new position in Atmus Filtration Technologies in the fourth quarter worth about $242,000. Institutional investors and hedge funds own 32.73% of the company's stock.
Wall Street Analyst Weigh In
ATMU has been the topic of several research reports. Wells Fargo & Company cut 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 note on Monday, February 24th. Robert W. Baird lowered 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. Finally, JPMorgan Chase & Co. reduced their price objective on Atmus Filtration Technologies from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.40.
Check Out Our Latest Analysis on Atmus Filtration Technologies
Atmus Filtration Technologies Stock Performance
ATMU stock traded down $0.35 during midday trading on Wednesday, reaching $38.05. The company had a trading volume of 802,847 shares, compared to its average volume of 1,032,189. The firm has a market capitalization of $3.17 billion, a PE ratio of 17.22, a P/E/G ratio of 3.99 and a beta of 1.83. The stock has a 50 day moving average price of $39.68 and a 200 day moving average price of $39.69. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. 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 (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share (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 analyst estimates of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Analysts anticipate 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 was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio is currently 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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