Quantbot Technologies LP Increases Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Quantbot Technologies LP grew its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 79.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,735 shares of the company’s stock after buying 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 SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth approximately $26,152,000. Eagle Asset Management Inc. acquired a new stake in shares of Atmus Filtration Technologies in the third quarter worth approximately $21,635,000. Assenagon Asset Management S.A. acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth approximately $14,877,000. The Manufacturers Life Insurance Company boosted its stake in shares of Atmus Filtration Technologies by 27.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock worth $47,537,000 after acquiring an additional 272,890 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of Atmus Filtration Technologies by 2,909.5% in the third quarter. Verition Fund Management LLC now owns 273,688 shares of the company’s stock worth $10,272,000 after acquiring an additional 264,594 shares during the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $37.43 on Friday. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $3.10 billion, a P/E ratio of 16.94, a P/E/G ratio of 3.99 and a beta of 1.83. The stock’s fifty day moving average is $39.76 and its two-hundred day moving average is $39.57.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $399.24 million. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.05%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATMU. 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 note on Monday, February 24th. Wells Fargo & Company lowered their price target 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, February 24th. Finally, JPMorgan Chase & Co. lowered their price target on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.40.

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.