Bayberry Capital Partners LP trimmed its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 453,000 shares of the company's stock after selling 104,000 shares during the period. Atmus Filtration Technologies accounts for about 6.8% of Bayberry Capital Partners LP's holdings, making the stock its 6th biggest holding. Bayberry Capital Partners LP owned approximately 0.55% of Atmus Filtration Technologies worth $17,749,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in ATMU. JPMorgan Chase & Co. lifted its holdings in Atmus Filtration Technologies by 8.2% in 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 purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth about $8,839,000. Assenagon Asset Management S.A. acquired a new position in shares of Atmus Filtration Technologies in the fourth quarter worth about $14,877,000. Tidal Investments LLC purchased a new position in Atmus Filtration Technologies in the third quarter valued at about $552,000. Finally, LPL Financial LLC grew its stake in Atmus Filtration Technologies by 3.3% during the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after purchasing an additional 326 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.
Atmus Filtration Technologies Stock Performance
Shares of Atmus Filtration Technologies stock traded down $0.22 during trading hours on Friday, reaching $36.20. The company's stock had a trading volume of 175,686 shares, compared to its average volume of 902,858. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The company's 50 day simple moving average is $35.58 and its 200 day simple moving average is $39.01. 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 stock has a market cap of $2.99 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. The company had revenue of $110.50 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS 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. Shareholders of record on Tuesday, March 4th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on ATMU shares. JPMorgan Chase & Co. increased their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday. Robert W. Baird cut their target price 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. Finally, Wells Fargo & Company lifted their price target on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Monday.
Get Our Latest Analysis on ATMU
About Atmus Filtration Technologies
(
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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