NEOS Investment Management LLC acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 113,332 shares of the company's stock, valued at approximately $4,440,000. NEOS Investment Management LLC owned approximately 0.14% of Atmus Filtration Technologies at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its stake in shares of Atmus Filtration Technologies by 0.7% in the third quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company's stock valued at $1,549,000 after acquiring an additional 303 shares in the last quarter. LPL Financial LLC grew its position in shares of Atmus Filtration Technologies by 3.3% during the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after purchasing an additional 326 shares in the last quarter. Jag Capital Management LLC grew its position in shares of Atmus Filtration Technologies by 8.1% during the 4th quarter. Jag Capital Management LLC now owns 7,653 shares of the company's stock worth $300,000 after purchasing an additional 571 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Atmus Filtration Technologies in the fourth quarter worth $26,000. Finally, Daiwa Securities Group Inc. increased its holdings in Atmus Filtration Technologies by 43.0% in the 4th 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 period. Institutional investors own 32.73% of the company's stock.
Atmus Filtration Technologies Price Performance
Shares of NYSE ATMU traded up $0.27 during midday trading on Tuesday, reaching $37.00. 123,903 shares of the company were exchanged, compared to its average volume of 1,111,576. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The stock has a market cap of $3.08 billion, a P/E ratio of 16.69, a PEG ratio of 3.99 and a beta of 1.83. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The stock's 50-day moving average price is $39.33 and its 200-day moving average price is $39.77.
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. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $406.70 million during the quarter, compared to analysts' expectations of $399.24 million. On average, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.
Atmus Filtration Technologies Announces Dividend
The firm also recently announced 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. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.54%. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ATMU. Robert W. Baird decreased their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Finally, 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 report on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Atmus Filtration Technologies has an average rating of "Moderate Buy" and a consensus price target of $42.80.
Read Our Latest Research Report on ATMU
About Atmus Filtration Technologies
(
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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