Susquehanna Fundamental Investments LLC Invests $7.14 Million in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 182,154 shares of the company's stock, valued at approximately $7,137,000. Susquehanna Fundamental Investments LLC owned 0.22% of Atmus Filtration Technologies at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Atmus Filtration Technologies by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock valued at $10,737,000 after purchasing an additional 21,687 shares in the last quarter. Norges Bank purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $8,839,000. Assenagon Asset Management S.A. purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $14,877,000. Tidal Investments LLC acquired a new position in shares of Atmus Filtration Technologies in the third quarter worth $552,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Atmus Filtration Technologies by 72.4% during the fourth quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company's stock worth $20,703,000 after acquiring an additional 221,853 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Price Performance

NYSE ATMU opened at $34.26 on Monday. The company has a market cap of $2.83 billion, a P/E ratio of 15.50, a P/E/G ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a 1 year low of $27.62 and a 1 year high of $45.43. 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 fifty day simple moving average of $36.20 and a 200 day simple moving average of $39.26.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share (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 the consensus estimate of $399.24 million. On average, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current 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 $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.58%. Atmus Filtration Technologies's dividend payout ratio is 9.05%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ATMU shares. Wells Fargo & Company dropped their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Robert W. Baird dropped their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, April 11th.

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.

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