Intech Investment Management LLC Buys 22,073 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Intech Investment Management LLC grew its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 99.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,210 shares of the company's stock after acquiring an additional 22,073 shares during the period. Intech Investment Management LLC owned about 0.05% of Atmus Filtration Technologies worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of Atmus Filtration Technologies by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock valued at $10,737,000 after buying an additional 21,687 shares in the last quarter. Algert Global LLC lifted its holdings in Atmus Filtration Technologies by 516.7% during the third quarter. Algert Global LLC now owns 161,513 shares of the company's stock valued at $6,062,000 after purchasing an additional 135,325 shares in the last quarter. Atom Investors LP boosted its position in shares of Atmus Filtration Technologies by 24.3% in the third quarter. Atom Investors LP now owns 103,441 shares of the company's stock worth $3,882,000 after purchasing an additional 20,201 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Atmus Filtration Technologies by 5.8% in 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 in the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Atmus Filtration Technologies in the third quarter worth $21,635,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Atmus Filtration Technologies Price Performance

Shares of ATMU stock traded down $0.35 during trading hours on Wednesday, hitting $38.05. The stock had a trading volume of 802,847 shares, compared to its average volume of 807,734. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The stock's 50-day moving average price is $39.68 and its two-hundred day moving average price is $39.69.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. Atmus Filtration Technologies's payout ratio is currently 9.05%.

Analysts Set New Price Targets

Several research analysts recently weighed in on ATMU shares. Robert W. Baird dropped their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. 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. 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 research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.