Cubist Systematic Strategies LLC Boosts Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Cubist Systematic Strategies LLC raised its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 82.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,337 shares of the company's stock after purchasing an additional 52,867 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.14% of Atmus Filtration Technologies worth $4,597,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in Atmus Filtration Technologies during the 4th quarter valued at approximately $26,000. New Age Alpha Advisors LLC purchased a new position in Atmus Filtration Technologies during the fourth quarter valued at $32,000. Nisa Investment Advisors LLC boosted its holdings 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 buying an additional 876 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after buying an additional 1,022 shares in the last quarter. Finally, Quarry LP grew its position in shares of Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock worth $78,000 after buying an additional 827 shares during the period. 32.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ATMU has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Robert W. Baird lowered their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th.

Atmus Filtration Technologies Stock Down 1.1%

Shares of NYSE:ATMU traded down $0.44 on Wednesday, hitting $38.38. 563,643 shares of the company traded hands, compared to its average volume of 902,416. The stock has a 50 day simple moving average of $35.63 and a 200-day simple moving average of $38.98. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The company has a market cap of $3.17 billion, a PE ratio of 17.37, a PEG ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43.

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 for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. As a group, research 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is currently 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.