Counterpoint Mutual Funds LLC Makes New Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

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

Several other hedge funds have also recently bought and sold shares of ATMU. Oppenheimer Asset Management Inc. raised its stake in Atmus Filtration Technologies by 59.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 12,195 shares of the company's stock worth $458,000 after acquiring an additional 4,534 shares in the last quarter. KBC Group NV raised its stake in Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after acquiring an additional 718 shares in the last quarter. Prospera Financial Services Inc acquired a new position in Atmus Filtration Technologies during the third quarter worth $246,000. Intech Investment Management LLC bought a new stake in shares of Atmus Filtration Technologies during the third quarter worth $831,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Atmus Filtration Technologies by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company's stock worth $26,764,000 after purchasing an additional 39,114 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Trading Up 0.6 %

Atmus Filtration Technologies stock traded up $0.23 during mid-day trading on Tuesday, hitting $37.22. The stock had a trading volume of 804,636 shares, compared to its average volume of 1,223,827. The stock has a 50-day simple moving average of $39.87 and a two-hundred day simple moving average of $39.52. The stock has a market capitalization of $3.08 billion, a PE ratio of 16.84, a P/E/G ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 12 month low of $25.51 and a 12 month high of $45.43. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

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Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business 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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 9.05%.

Analyst Ratings Changes

Several brokerages have recently commented 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 on the stock in a report on Monday, February 24th. Robert W. Baird decreased their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their target price on Atmus Filtration Technologies from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Atmus Filtration Technologies has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Atmus Filtration Technologies Company 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.