Counterpoint Mutual Funds LLC Takes $388,000 Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Counterpoint Mutual Funds LLC bought a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,893 shares of the company's stock, valued at approximately $388,000.

A number of other institutional investors have also recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies during the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC lifted its holdings in Atmus Filtration Technologies by 333.1% during the fourth 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 boosted its position in shares of Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after purchasing an additional 718 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Atmus Filtration Technologies by 43.0% in 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 in the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at $242,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ATMU. Wells Fargo & Company dropped their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. cut their price objective on shares of Atmus Filtration Technologies from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Robert W. Baird lowered their target price 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Atmus Filtration Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $42.40.

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Atmus Filtration Technologies Price Performance

NYSE:ATMU traded down $0.88 during trading hours on Friday, reaching $37.43. The stock had a trading volume of 2,050,561 shares, compared to its average volume of 811,425. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The stock has a market capitalization of $3.10 billion, a PE ratio of 16.94, a PEG ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. The company has a 50 day moving average price of $39.79 and a two-hundred day moving average price 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, beating analysts' consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.05%.

About Atmus Filtration Technologies

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.