Atmus Filtration Technologies Inc. (NYSE:ATMU) Stake Raised by Rhumbline Advisers

Rhumbline Advisers raised its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 115,176 shares of the company’s stock after buying an additional 2,375 shares during the quarter. Rhumbline Advisers owned 0.14% of Atmus Filtration Technologies worth $4,513,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Atmus Filtration Technologies by 403.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 75,500 shares of the company’s stock valued at $2,958,000 after acquiring an additional 60,500 shares during the last quarter. KBC Group NV grew its holdings in Atmus Filtration Technologies by 67.9% in the 4th quarter. KBC Group NV now owns 4,070 shares of the company’s stock valued at $159,000 after buying an additional 1,646 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth $26,000. Nisa Investment Advisors LLC raised its stake in Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Atmus Filtration Technologies in the 4th quarter worth $14,877,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $38.67 on Friday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 3.99 and a beta of 1.80. Atmus Filtration Technologies Inc. has a 12 month low of $22.81 and a 12 month 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 firm’s fifty day simple moving average is $40.29 and its two-hundred day simple moving average is $39.12.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $406.70 million during 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%. As a group, analysts predict 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 will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is 9.05%.

Analyst Ratings Changes

A number of equities analysts have recently commented on ATMU shares. Northland Securities raised their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird reduced 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. Finally, Wells Fargo & Company dropped their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.