Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Acquired by Algert Global LLC

Algert Global LLC raised its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 66.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 268,493 shares of the company's stock after buying an additional 106,980 shares during the quarter. Algert Global LLC owned about 0.32% of Atmus Filtration Technologies worth $10,520,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ATMU. T. Rowe Price Investment Management Inc. acquired a new stake in Atmus Filtration Technologies during the fourth quarter worth approximately $63,949,000. Invesco Ltd. increased its stake in Atmus Filtration Technologies by 806.1% during the fourth quarter. Invesco Ltd. now owns 1,167,382 shares of the company's stock worth $45,738,000 after acquiring an additional 1,038,541 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $26,152,000. Assenagon Asset Management S.A. acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $14,877,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Atmus Filtration Technologies by 2,022.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 336,783 shares of the company's stock worth $13,195,000 after purchasing an additional 320,917 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock traded down $0.11 during mid-day trading on Friday, reaching $36.31. The company's stock had a trading volume of 149,147 shares, compared to its average volume of 833,459. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The business has a 50 day moving average price of $35.58 and a 200-day moving average price of $39.01. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. The firm 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%. Atmus Filtration Technologies's revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal 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 dividend of $0.05 per share. 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 presently 9.05%.

Analyst Ratings Changes

Several research firms recently issued reports on ATMU. Robert W. Baird dropped their price target on shares of 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. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Wells Fargo & Company raised their price target on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday.

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.