Jefferies Financial Group Inc. Grows Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Jefferies Financial Group Inc. raised its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 36.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,000 shares of the company's stock after purchasing an additional 51,494 shares during the period. Jefferies Financial Group Inc. owned 0.23% of Atmus Filtration Technologies worth $7,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATMU. Tidal Investments LLC bought a new position in shares of Atmus Filtration Technologies in the 3rd quarter worth approximately $552,000. JPMorgan Chase & Co. raised its position in shares of Atmus Filtration Technologies by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock worth $10,737,000 after acquiring an additional 21,687 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $14,877,000. Nisa Investment Advisors LLC raised its position in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after acquiring an additional 876 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $26,000. Institutional investors own 32.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. 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. Finally, JPMorgan Chase & Co. increased their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th.

Atmus Filtration Technologies Stock Down 1.1%

ATMU stock traded down $0.43 on Friday, reaching $38.12. 710,113 shares of the company traded hands, compared to its average volume of 899,365. 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 current ratio of 2.11 and a quick ratio of 1.35. The company has a market cap of $3.15 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. The firm has a fifty day simple moving average of $35.68 and a 200-day simple moving average of $38.96.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $110.50 million for the quarter, compared to the consensus estimate of $424.03 million. During the same period last year, the business posted $0.60 EPS. The company's revenue was down 2.3% compared to the same quarter last year. Research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.52%. Atmus Filtration Technologies's dividend payout ratio is 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.