Counterpoint Mutual Funds LLC Acquires Shares of 9,893 Atmus Filtration Technologies Inc. (NYSE:ATMU)

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

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Atmus Filtration Technologies in the fourth quarter valued at about $26,152,000. Eagle Asset Management Inc. acquired a new position in Atmus Filtration Technologies in the third quarter valued at about $21,635,000. Assenagon Asset Management S.A. acquired a new position in Atmus Filtration Technologies in the fourth quarter valued at about $14,877,000. The Manufacturers Life Insurance Company lifted its stake in 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 buying an additional 272,890 shares during the period. Finally, Verition Fund Management LLC lifted its stake in Atmus Filtration Technologies by 2,909.5% in the third quarter. Verition Fund Management LLC now owns 273,688 shares of the company's stock valued at $10,272,000 after buying an additional 264,594 shares during the period. Institutional investors own 32.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Robert W. Baird dropped 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. JPMorgan Chase & Co. dropped their price target on Atmus Filtration Technologies from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $42.40.

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Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU traded up $1.28 during midday trading on Wednesday, hitting $38.51. 226,530 shares of the company's stock were exchanged, compared to its average volume of 1,219,819. 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 Inc. has a 12 month low of $25.51 and a 12 month high of $45.43. The company's 50 day moving average price is $39.83 and its 200 day moving average price is $39.53. The firm has a market capitalization of $3.19 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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 company had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. As a group, analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. 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.