Janus Henderson Group PLC increased its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 292.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 351,940 shares of the company's stock after purchasing an additional 262,199 shares during the period. Janus Henderson Group PLC owned approximately 0.42% of Atmus Filtration Technologies worth $13,796,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ATMU. Geneos Wealth Management Inc. bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $26,000. New Age Alpha Advisors LLC bought a new stake in Atmus Filtration Technologies in the fourth quarter worth $32,000. Nisa Investment Advisors LLC lifted its position in Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after buying an additional 876 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Atmus Filtration Technologies by 295.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock worth $54,000 after buying an additional 1,022 shares during the period. Finally, Quarry LP increased its position in Atmus Filtration Technologies by 70.9% during the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after acquiring an additional 827 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company's stock.
Atmus Filtration Technologies Trading Down 2.0%
ATMU stock traded down $0.75 during mid-day trading on Thursday, reaching $36.96. The company had a trading volume of 68,309 shares, compared to its average volume of 892,823. The company has a market capitalization of $3.06 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. The firm has a 50 day moving average of $35.76 and a 200 day moving average of $38.94. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month 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.
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 (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $110.50 million for the quarter, compared to analysts' expectations of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Atmus Filtration Technologies's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. On average, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.
Atmus Filtration Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Atmus Filtration Technologies's payout ratio is 9.05%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ATMU. JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Robert W. Baird dropped 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, Wells Fargo & Company upped their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th.
Check Out Our Latest Stock Analysis on Atmus Filtration Technologies
Atmus Filtration Technologies Company Profile
(
Free Report)
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.
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