Cibc World Markets Corp Acquires Shares of 7,842 Atmus Filtration Technologies Inc. (NYSE:ATMU)

Cibc World Markets Corp acquired a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,842 shares of the company's stock, valued at approximately $307,000.

Several other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth about $26,152,000. Assenagon Asset Management S.A. acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth about $14,877,000. The Manufacturers Life Insurance Company increased its holdings in shares of 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 purchasing an additional 272,890 shares during the period. Verition Fund Management LLC increased its holdings in Atmus Filtration Technologies by 2,909.5% in 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 period. Finally, Beaconlight Capital LLC raised its position 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 buying an additional 252,770 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Remove Ads

Atmus Filtration Technologies Trading Down 1.4 %

Atmus Filtration Technologies stock traded down $0.54 during mid-day trading on Friday, hitting $37.57. The company's stock had a trading volume of 756,547 shares, compared to its average volume of 1,129,532. The stock's fifty day moving average is $39.54 and its two-hundred day moving average is $39.66. 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 firm has a market capitalization of $3.13 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 1 year low of $27.62 and a 1 year high of $45.43.

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 for the quarter, topping analysts' consensus estimates 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 business had revenue of $406.70 million during the quarter, compared to analysts' expectations of $399.24 million. On average, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is 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.