D. E. Shaw & Co. Inc. Has $74.88 Million Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

D. E. Shaw & Co. Inc. lifted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,911,153 shares of the company's stock after buying an additional 584,270 shares during the period. D. E. Shaw & Co. Inc. owned about 2.30% of Atmus Filtration Technologies worth $74,879,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. LPL Financial LLC lifted its holdings 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 valued at $396,000 after buying an additional 326 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Atmus Filtration Technologies by 3.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company's stock valued at $343,000 after acquiring an additional 330 shares during the last quarter. Franklin Resources Inc. lifted its stake in Atmus Filtration Technologies by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 28,712 shares of the company's stock valued at $1,125,000 after acquiring an additional 476 shares during the last quarter. Jag Capital Management LLC grew its position in Atmus Filtration Technologies by 8.1% in the fourth quarter. Jag Capital Management LLC now owns 7,653 shares of the company's stock worth $300,000 after acquiring an additional 571 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $26,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Robert W. Baird cut their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, Wells Fargo & Company upped 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, May 5th.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU traded up $0.67 during trading hours on Tuesday, hitting $38.82. 557,071 shares of the stock were exchanged, compared to its average volume of 903,772. 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 moving average is $35.60 and its 200 day moving average is $38.98. 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 capitalization of $3.21 billion, a P/E ratio of 17.57, a P/E/G ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (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 analysts' expectations of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. On average, research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 9.05%.

Atmus Filtration Technologies 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.