DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Takes $7.27 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 185,577 shares of the company's stock, valued at approximately $7,271,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.22% of Atmus Filtration Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Eminence Capital LP raised its holdings in Atmus Filtration Technologies by 79.0% in the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company's stock worth $179,939,000 after purchasing an additional 2,027,617 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Atmus Filtration Technologies by 82.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 117,337 shares of the company's stock worth $4,597,000 after purchasing an additional 52,867 shares during the period. Caption Management LLC bought a new position in Atmus Filtration Technologies during the 4th quarter worth about $251,000. Captrust Financial Advisors raised its position in Atmus Filtration Technologies by 11.8% in the 4th quarter. Captrust Financial Advisors now owns 9,991 shares of the company's stock valued at $391,000 after buying an additional 1,053 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Atmus Filtration Technologies during the 4th quarter worth approximately $11,588,000. Institutional investors own 32.73% of the company's stock.

Analysts Set New Price Targets

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

Atmus Filtration Technologies Stock Performance

Shares of ATMU traded up $0.22 during midday trading on Thursday, reaching $38.60. 198,083 shares of the stock were exchanged, compared to its average volume of 900,480. The company has a market cap of $3.19 billion, a P/E ratio of 17.44, a PEG ratio of 3.99 and a beta of 1.81. The stock's 50 day simple moving average is $35.64 and its 200 day simple moving average is $38.98. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly 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 business 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 revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

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