Magnetar Financial LLC Takes $512,000 Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Magnetar Financial LLC purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,068 shares of the company's stock, valued at approximately $512,000.

A number of other institutional investors have also recently made changes to their positions in ATMU. Geneos Wealth Management Inc. bought a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC boosted its stake in Atmus Filtration Technologies by 333.1% during 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. KBC Group NV raised its holdings in shares of Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company's stock valued at $91,000 after purchasing an additional 718 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Atmus Filtration Technologies in the fourth quarter worth about $104,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Atmus Filtration Technologies by 43.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 32.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Thursday. Robert W. Baird dropped their price target on 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. Finally, Wells Fargo & Company reduced their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. One 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.80.

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Atmus Filtration Technologies Stock Performance

ATMU stock traded up $0.03 during midday trading on Thursday, reaching $38.11. The stock had a trading volume of 2,426,606 shares, compared to its average volume of 1,030,369. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The firm has a fifty day simple moving average of $39.62 and a two-hundred day simple moving average of $39.67. The stock has a market cap of $3.18 billion, a PE ratio of 17.24, a P/E/G ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43.

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

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 0.52%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is 9.05%.

About Atmus Filtration Technologies

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.