Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Acquired by Jefferies Financial Group Inc.

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

A number of other large investors have also recently added to or reduced their stakes in ATMU. JPMorgan Chase & Co. raised its position in shares of Atmus Filtration Technologies by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock valued at $10,737,000 after buying an additional 21,687 shares in the last quarter. Norges Bank acquired a new stake in Atmus Filtration Technologies in the fourth quarter valued at $8,839,000. Assenagon Asset Management S.A. bought a new stake in Atmus Filtration Technologies during the fourth quarter valued at $14,877,000. Tidal Investments LLC bought a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth about $552,000. Finally, LPL Financial LLC boosted its position in shares of Atmus Filtration Technologies by 3.3% during the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 32.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company boosted their price target on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th.

Atmus Filtration Technologies Trading Down 1.0%

ATMU stock traded down $0.39 during trading on Friday, reaching $38.16. The company had a trading volume of 378,613 shares, compared to its average volume of 900,883. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. The company has a market cap of $3.15 billion, a P/E ratio of 17.28, a PEG ratio of 3.99 and a beta of 1.81. The business has a 50 day moving average of $35.66 and a 200 day moving average of $38.97. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. The business had revenue of $110.50 million for the quarter, compared to analysts' expectations of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

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