UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 40.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,219 shares of the company's stock after acquiring an additional 44,870 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of Atmus Filtration Technologies worth $6,121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ATMU. Eminence Capital LP lifted its holdings in Atmus Filtration Technologies by 79.0% during the 4th quarter. Eminence Capital LP now owns 4,592,614 shares of the company's stock valued at $179,939,000 after purchasing an additional 2,027,617 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Atmus Filtration Technologies during the fourth quarter worth $63,949,000. Invesco Ltd. boosted its stake in Atmus Filtration Technologies by 806.1% in the fourth quarter. Invesco Ltd. now owns 1,167,382 shares of the company's stock valued at $45,738,000 after buying an additional 1,038,541 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at approximately $26,152,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Atmus Filtration Technologies by 44.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock worth $74,879,000 after buying an additional 584,270 shares in the last quarter. Institutional investors own 32.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ATMU. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Robert W. Baird reduced their price target 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. The Goldman Sachs Group downgraded Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective for the company. in a research note on Tuesday, May 27th. Finally, Wells Fargo & Company lifted their target price 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Atmus Filtration Technologies has an average rating of "Moderate Buy" and a consensus price target of $42.40.

Atmus Filtration Technologies Trading Down 0.4%

NYSE ATMU traded down $0.16 on Thursday, hitting $36.07. The company's stock had a trading volume of 169,645 shares, compared to its average volume of 877,612. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. The company's 50-day simple moving average is $35.47 and its 200 day simple moving average is $38.55. 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 firm has a market cap of $2.98 billion, a P/E ratio of 16.31, a PEG ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share 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 business had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. During the same period last year, the business earned $0.60 EPS. Atmus Filtration Technologies's revenue was down 2.3% compared to the same quarter last year. Research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

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