Quantbot Technologies LP Raises Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Quantbot Technologies LP raised its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 79.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,735 shares of the company’s stock after acquiring an additional 34,421 shares during the quarter. Quantbot Technologies LP’s holdings in Atmus Filtration Technologies were worth $3,046,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Magnetar Financial LLC acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter worth about $512,000. Teacher Retirement System of Texas boosted its position in shares of Atmus Filtration Technologies by 33.5% during the 4th quarter. Teacher Retirement System of Texas now owns 118,259 shares of the company’s stock worth $4,633,000 after acquiring an additional 29,702 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter worth about $104,000. Xponance Inc. boosted its position in shares of Atmus Filtration Technologies by 16.4% in the 4th quarter. Xponance Inc. now owns 6,434 shares of the company’s stock valued at $252,000 after purchasing an additional 907 shares during the period. Finally, Boston Partners boosted its position in shares of Atmus Filtration Technologies by 1.6% in the 4th quarter. Boston Partners now owns 745,235 shares of the company’s stock valued at $29,572,000 after purchasing an additional 11,819 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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. Wells Fargo & Company decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased their target price on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $42.40.

Atmus Filtration Technologies Stock Down 2.3 %

Atmus Filtration Technologies stock opened at $37.43 on Friday. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The stock has a 50 day moving average of $39.76 and a two-hundred day moving average of $39.57. 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 stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 3.99 and a beta of 1.83.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $399.24 million. As a group, research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.53%. Atmus Filtration Technologies’s payout ratio is 9.05%.

About Atmus Filtration Technologies

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.