Frontier Capital Management Co. LLC Purchases 144,543 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Frontier Capital Management Co. LLC increased its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 69.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 352,526 shares of the company's stock after buying an additional 144,543 shares during the period. Frontier Capital Management Co. LLC owned 0.42% of Atmus Filtration Technologies worth $13,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ATMU. Tidal Investments LLC bought a new stake in Atmus Filtration Technologies during the third quarter worth approximately $552,000. JPMorgan Chase & Co. boosted its position in Atmus Filtration Technologies by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock worth $10,737,000 after purchasing an additional 21,687 shares during the period. Assenagon Asset Management S.A. bought a new stake in Atmus Filtration Technologies during the fourth quarter worth approximately $14,877,000. Nisa Investment Advisors LLC boosted its position in Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after purchasing an additional 876 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in Atmus Filtration Technologies during the fourth quarter worth approximately $26,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped 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 price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, May 5th.

Atmus Filtration Technologies Stock Performance

Shares of ATMU traded down $0.15 during mid-day trading on Friday, hitting $36.27. The company's stock had a trading volume of 881,450 shares, compared to its average volume of 906,057. 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 quick ratio of 1.35 and a current ratio of 2.11. The firm has a market capitalization of $3.00 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. The stock's 50-day moving average is $35.57 and its two-hundred day moving average is $38.99.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share 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 company had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. During the same period in the prior year, the business earned $0.60 earnings per share. Atmus Filtration Technologies's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. 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.