Quantbot Technologies LP Buys 34,421 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Quantbot Technologies LP increased its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 79.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,735 shares of the company's stock after purchasing an additional 34,421 shares during the quarter. Quantbot Technologies LP owned 0.09% of Atmus Filtration Technologies worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ATMU. Geneos Wealth Management Inc. acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at about $26,000. Nisa Investment Advisors LLC boosted its stake in shares of Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after acquiring an additional 876 shares in the last quarter. KBC Group NV boosted its holdings in shares of Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after buying an additional 718 shares during the period. Daiwa Securities Group Inc. lifted 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 purchasing an additional 800 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth about $104,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

ATMU has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an "overweight" rating in a report on Thursday. Wells Fargo & Company cut their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Finally, Robert W. Baird lowered 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Atmus Filtration Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

Atmus Filtration Technologies Stock Up 0.1 %

Shares of Atmus Filtration Technologies stock traded up $0.03 during 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 current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 3.99 and a beta of 1.83. The stock has a fifty day moving average price of $39.62 and a two-hundred day moving average price of $39.67. 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 released its 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. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm had revenue of $406.70 million for the quarter, compared to analysts' expectations of $399.24 million. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.52%. Atmus Filtration Technologies's dividend payout ratio (DPR) 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.