Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. grew its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 204.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,030 shares of the company's stock after acquiring an additional 12,110 shares during the period. Prudential Financial Inc.'s holdings in Atmus Filtration Technologies were worth $706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cannon Global Investment Management LLC acquired a new stake in Atmus Filtration Technologies during the 4th quarter valued at approximately $313,000. LPL Financial LLC grew its position in shares of Atmus Filtration Technologies by 3.3% during the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after buying an additional 326 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth $682,000. Quantbot Technologies LP raised its holdings in Atmus Filtration Technologies by 79.5% in the fourth quarter. Quantbot Technologies LP now owns 77,735 shares of the company's stock valued at $3,046,000 after acquiring an additional 34,421 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in Atmus Filtration Technologies during the 4th quarter valued at $512,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU traded down $0.52 during trading on Friday, reaching $33.10. 1,027,634 shares of the company's stock traded hands, compared to its average volume of 1,026,230. The stock has a market capitalization of $2.74 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43. The company has a 50 day moving average of $37.59 and a 200-day moving average of $39.56. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Remove Ads

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. On average, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of 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. JPMorgan Chase & Co. cut their price objective on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Robert W. Baird decreased their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.20.

Atmus Filtration Technologies 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.