Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,599 shares of the company's stock after purchasing an additional 7,764 shares during the quarter. ProShare Advisors LLC's holdings in Atmus Filtration Technologies were worth $925,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $8,839,000. LPL Financial LLC raised its position in Atmus Filtration Technologies by 3.3% during the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after acquiring an additional 326 shares in the last quarter. AlphaQuest LLC purchased a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $502,000. Bank of New York Mellon Corp raised its position in Atmus Filtration Technologies by 72.4% during the fourth quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company's stock valued at $20,703,000 after acquiring an additional 221,853 shares in the last quarter. Finally, Swiss National Bank raised its position in Atmus Filtration Technologies by 0.7% during the fourth quarter. Swiss National Bank now owns 163,949 shares of the company's stock valued at $6,424,000 after acquiring an additional 1,200 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Price Performance

ATMU traded down $0.22 during trading on Thursday, hitting $36.18. The company's stock had a trading volume of 46,913 shares, compared to its average volume of 894,979. 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 business's fifty day simple moving average is $35.65 and its 200 day simple moving average is $38.79. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. The firm 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 business's revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. On average, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

Analysts Set New Price Targets

Several analysts have commented on ATMU shares. Robert W. Baird dropped their price objective 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. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective on the stock. in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.40.

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.