Algert Global LLC Buys 106,980 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Algert Global LLC lifted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 66.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,493 shares of the company's stock after purchasing an additional 106,980 shares during the quarter. Algert Global LLC owned 0.32% of Atmus Filtration Technologies worth $10,520,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. 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 report on Monday. Robert W. Baird cut their price objective 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, Wells Fargo & Company lifted their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Monday.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock traded down $0.66 during trading hours on Tuesday, hitting $35.66. The company had a trading volume of 504,816 shares, compared to its average volume of 913,275. The firm has a 50-day moving average of $35.76 and a 200 day moving average of $39.08. 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 firm has a market cap of $2.95 billion, a PE ratio of 16.14, a PEG ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its earnings results 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. 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 for the quarter, compared to analyst estimates of $424.03 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid 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 0.56%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.05%.

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.