Trexquant Investment LP Raises Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Trexquant Investment LP grew its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 128.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 287,073 shares of the company's stock after purchasing an additional 161,363 shares during the quarter. Trexquant Investment LP owned approximately 0.35% of Atmus Filtration Technologies worth $11,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parsifal Capital Management LP raised its stake in shares of Atmus Filtration Technologies by 2.2% during the third quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company's stock valued at $102,130,000 after acquiring an additional 58,478 shares during the last quarter. Wellington Management Group LLP raised its position in Atmus Filtration Technologies by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company's stock worth $94,476,000 after purchasing an additional 43,004 shares during the last quarter. Geode Capital Management LLC raised its position in Atmus Filtration Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company's stock worth $71,123,000 after purchasing an additional 39,710 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Atmus Filtration Technologies by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,495 shares of the company's stock valued at $29,522,000 after buying an additional 40,352 shares during the last quarter. Finally, Boston Partners raised its position in shares of Atmus Filtration Technologies by 1.6% during the fourth quarter. Boston Partners now owns 745,235 shares of the company's stock worth $29,572,000 after acquiring an additional 11,819 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird reduced their target price 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. Wells Fargo & Company reduced their price objective on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.80.

Atmus Filtration Technologies Stock Down 3.1 %

Shares of Atmus Filtration Technologies stock traded down $1.02 during trading hours on Monday, reaching $31.96. The company's stock had a trading volume of 319,956 shares, compared to its average volume of 1,049,989. The company has a market capitalization of $2.66 billion, a P/E ratio of 14.45, a P/E/G ratio of 3.99 and a beta of 1.78. The stock's fifty day simple moving average is $38.75 and its two-hundred day simple moving average is $39.78. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

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 for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $406.70 million for the quarter, compared to analysts' expectations of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. On average, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.63%. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

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.