Dimensional Fund Advisors LP Boosts Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Dimensional Fund Advisors LP raised its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 39.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 738,469 shares of the company's stock after acquiring an additional 208,550 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.89% of Atmus Filtration Technologies worth $28,931,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ATMU. Geneos Wealth Management Inc. bought a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth $26,000. New Age Alpha Advisors LLC acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC lifted its stake in shares of 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 acquiring an additional 876 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Atmus Filtration Technologies by 43.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $104,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Down 0.4 %

Shares of ATMU traded down $0.15 during trading hours on Friday, reaching $36.27. The stock had a trading volume of 881,450 shares, compared to its average volume of 905,086. The firm has a 50-day simple moving average of $35.57 and a 200 day simple moving average of $39.00. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data 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. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The firm had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. During the same period last year, the company earned $0.60 earnings per share. The business's revenue was down 2.3% on a year-over-year basis. Equities research 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 was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a dividend of $0.05 per share. 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 (DPR) is presently 9.05%.

Analysts Set New Price Targets

ATMU has been the topic of several recent analyst reports. Robert W. Baird dropped 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 report on Monday, February 24th. Wells Fargo & Company raised their target price 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. Finally, JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, May 5th.

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.