JPMorgan Chase & Co. grew its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 77.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 506,541 shares of the company's stock after purchasing an additional 220,443 shares during the period. JPMorgan Chase & Co. owned approximately 0.61% of Atmus Filtration Technologies worth $19,846,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Geneos Wealth Management Inc. acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter worth about $26,000. Nisa Investment Advisors LLC raised its position in Atmus Filtration Technologies by 333.1% in the 4th 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 during the last quarter. Daiwa Securities Group Inc. raised its holdings 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 valued at $104,000 after buying an additional 800 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $104,000. Finally, KBC Group NV grew its position in Atmus Filtration Technologies by 67.9% in the 4th quarter. KBC Group NV now owns 4,070 shares of the company's stock valued at $159,000 after buying an additional 1,646 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Robert W. Baird dropped their price objective 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. JPMorgan Chase & Co. cut their price objective on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Wells Fargo & Company reduced their target price on shares of 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.20.
Read Our Latest Stock Analysis on ATMU
Atmus Filtration Technologies Stock Up 1.8 %
Shares of ATMU stock traded up $0.60 during mid-day trading on Monday, reaching $33.75. 1,244,481 shares of the company were exchanged, compared to its average volume of 1,025,929. The business's 50 day simple moving average is $37.59 and its 200 day simple moving average is $39.58. The company has a market capitalization of $2.79 billion, a P/E ratio of 15.27, a P/E/G ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. 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 issued its earnings results 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 firm had revenue of $406.70 million for the quarter, compared to analysts' expectations of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. Research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.
Atmus Filtration Technologies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.59%. Atmus Filtration Technologies's payout ratio is 9.05%.
Atmus Filtration Technologies Company Profile
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Free Report)
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.
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