Janus Henderson Group PLC Has $3.37 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Janus Henderson Group PLC increased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 141.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,741 shares of the company's stock after purchasing an additional 52,541 shares during the period. Janus Henderson Group PLC owned approximately 0.11% of Atmus Filtration Technologies worth $3,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in shares of Atmus Filtration Technologies by 854.0% during the second quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company's stock worth $5,346,000 after buying an additional 166,274 shares during the period. Davidson Kempner Capital Management LP acquired a new position in Atmus Filtration Technologies during the 2nd quarter worth approximately $15,475,000. Algert Global LLC grew its stake in shares of Atmus Filtration Technologies by 516.7% during the 3rd quarter. Algert Global LLC now owns 161,513 shares of the company's stock worth $6,062,000 after acquiring an additional 135,325 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Atmus Filtration Technologies in the second quarter valued at approximately $1,396,000. Finally, Gabelli Funds LLC bought a new stake in shares of Atmus Filtration Technologies in the second quarter worth $561,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock traded up $0.38 during midday trading on Thursday, hitting $41.02. 641,720 shares of the company were exchanged, compared to its average volume of 1,755,509. Atmus Filtration Technologies Inc. has a 52 week low of $21.09 and a 52 week high of $45.43. The firm has a market capitalization of $3.41 billion, a P/E ratio of 19.08, a PEG ratio of 4.64 and a beta of 1.69. The firm's 50 day moving average price is $41.10 and its two-hundred day moving average price is $35.04. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. The company had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio is currently 9.30%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ATMU shares. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Wells Fargo & Company downgraded Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $42.00 to $45.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Finally, Northland Securities upped their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.80.

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.