Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,132,542 shares of the company's stock after buying an additional 110,841 shares during the period. Allspring Global Investments Holdings LLC owned 1.37% of Atmus Filtration Technologies worth $42,142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATMU. SG Americas Securities LLC purchased a new stake in Atmus Filtration Technologies in the first quarter valued at approximately $324,000. Norges Bank purchased a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at about $8,839,000. Oppenheimer Asset Management Inc. raised its holdings in Atmus Filtration Technologies by 12.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company's stock worth $499,000 after purchasing an additional 1,482 shares in the last quarter. Millennium Management LLC lifted its position in Atmus Filtration Technologies by 91.1% in the fourth quarter. Millennium Management LLC now owns 186,912 shares of the company's stock valued at $7,323,000 after acquiring an additional 89,107 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at about $260,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Trading Up 0.3%

NYSE:ATMU traded up $0.13 on Wednesday, reaching $37.43. The stock had a trading volume of 496,001 shares, compared to its average volume of 854,956. Atmus Filtration Technologies Inc. has a 12-month low of $27.72 and a 12-month high of $45.43. The firm's fifty day moving average is $36.33 and its two-hundred day moving average is $37.65. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 4.66 and a beta of 1.64. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.23 and a quick ratio of 1.46.

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 the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 94.85% and a net margin of 11.14%. The company had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. During the same quarter in the previous year, the business earned $0.60 EPS. The firm's revenue was down 2.3% on a year-over-year basis. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.20 annualized dividend and a yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective on the stock. in a research report on Tuesday, May 27th. JPMorgan Chase & Co. increased their price objective 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. Finally, Wells Fargo & Company lifted their price target on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.80.

Atmus Filtration Technologies Company 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.