KLP Kapitalforvaltning AS Takes Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

KLP Kapitalforvaltning AS acquired a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 17,400 shares of the company's stock, valued at approximately $682,000.

Several other institutional investors also recently bought and sold shares of ATMU. Quantbot Technologies LP grew its holdings in shares of Atmus Filtration Technologies by 79.5% during the fourth quarter. Quantbot Technologies LP now owns 77,735 shares of the company's stock worth $3,046,000 after buying an additional 34,421 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Atmus Filtration Technologies in the 4th quarter valued at about $512,000. Teacher Retirement System of Texas lifted its stake in Atmus Filtration Technologies by 33.5% in the 4th quarter. Teacher Retirement System of Texas now owns 118,259 shares of the company's stock worth $4,633,000 after purchasing an additional 29,702 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Atmus Filtration Technologies in the 4th quarter worth approximately $104,000. Finally, Xponance Inc. boosted its holdings in shares of Atmus Filtration Technologies by 16.4% during the 4th quarter. Xponance Inc. now owns 6,434 shares of the company's stock worth $252,000 after purchasing an additional 907 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ATMU shares. JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Wells Fargo & Company cut their target price 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, Robert W. Baird lowered their price target on shares of 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Atmus Filtration Technologies has a consensus rating of "Moderate Buy" and an average target price of $42.80.

Atmus Filtration Technologies Trading Down 5.1 %

ATMU traded down $1.77 during trading hours on Friday, reaching $33.01. The company's stock had a trading volume of 1,077,934 shares, compared to its average volume of 1,052,725. The stock has a market cap of $2.75 billion, a PE ratio of 14.94, 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 current ratio of 2.11 and a quick ratio of 1.35. The business's 50-day moving average is $38.75 and its 200-day moving average is $39.78.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.58 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 analyst estimates 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, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

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.