BNP Paribas Financial Markets Invests $11.59 Million in Atmus Filtration Technologies Inc. (NYSE:ATMU)

BNP Paribas Financial Markets purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 295,756 shares of the company's stock, valued at approximately $11,588,000. BNP Paribas Financial Markets owned approximately 0.36% of Atmus Filtration Technologies at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Tidal Investments LLC acquired a new position in shares of Atmus Filtration Technologies in the third quarter valued at $552,000. JPMorgan Chase & Co. boosted its holdings in Atmus Filtration Technologies by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock valued at $10,737,000 after acquiring an additional 21,687 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $14,877,000. Nisa Investment Advisors LLC raised its position in shares of Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after acquiring an additional 876 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies in the fourth quarter valued at about $26,000. Institutional investors own 32.73% of the company's stock.

Analyst Upgrades and Downgrades

ATMU has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target 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 lowered their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, May 5th.

Atmus Filtration Technologies Trading Down 1.1%

Shares of Atmus Filtration Technologies stock traded down $0.44 on Wednesday, hitting $38.38. 563,643 shares of the company's stock traded hands, compared to its average volume of 903,240. 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 current ratio of 2.11 and a quick ratio of 1.35. The company has a fifty day moving average of $35.63 and a two-hundred day moving average of $38.98. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $110.50 million for the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 yield of 0.52%. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Atmus Filtration Technologies Company 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.