Y Intercept Hong Kong Ltd Increases Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Y Intercept Hong Kong Ltd grew its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 193.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,510 shares of the company's stock after acquiring an additional 13,532 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Atmus Filtration Technologies were worth $804,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA raised its position in Atmus Filtration Technologies by 0.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company's stock worth $1,549,000 after purchasing an additional 303 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Atmus Filtration Technologies by 4.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company's stock worth $535,000 after buying an additional 626 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth approximately $26,000. KBC Group NV lifted its stake in shares of Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after acquiring an additional 718 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Atmus Filtration Technologies by 333.1% during the 4th 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 during the period. Institutional investors own 32.73% of the company's stock.

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Atmus Filtration Technologies Stock Down 2.6 %

Shares of ATMU traded down $0.99 during mid-day trading on Tuesday, hitting $37.05. The company's stock had a trading volume of 333,120 shares, compared to its average volume of 709,665. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The company's 50-day moving average is $40.28 and its 200-day moving average is $39.29. Atmus Filtration Technologies Inc. has a 52-week low of $22.81 and a 52-week high of $45.43. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 3.99 and a beta of 1.80.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. On average, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ATMU. Wells Fargo & Company decreased their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Robert W. Baird lowered their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Finally, Northland Securities upped their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

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.