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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 40.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,219 shares of the company's stock after buying an additional 44,870 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Atmus Filtration Technologies worth $6,121,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Eminence Capital LP grew its stake in shares of 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 acquiring an additional 2,027,617 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Atmus Filtration Technologies by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,262,408 shares of the company's stock valued at $167,003,000 after purchasing an additional 223,712 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Atmus Filtration Technologies by 44.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock worth $74,879,000 after purchasing an additional 584,270 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in Atmus Filtration Technologies during the 4th quarter worth $63,949,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Atmus Filtration Technologies by 3.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,306,748 shares of the company's stock worth $51,198,000 after purchasing an additional 40,100 shares during the period. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Up 1.0%

Shares of NYSE ATMU traded up $0.36 during midday trading on Friday, hitting $36.38. 361,006 shares of the company's stock were exchanged, compared to its average volume of 874,359. The firm's fifty day simple moving average is $35.45 and its 200-day simple moving average is $38.51. The company has a market cap of $3.01 billion, a PE ratio of 16.46, 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. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its 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. 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 for the quarter, compared to the consensus estimate of $424.03 million. During the same period last year, the firm posted $0.60 EPS. The company's revenue was down 2.3% on a year-over-year basis. Research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.05 per share. 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 (DPR) is currently 9.05%.

Analysts Set New Price Targets

ATMU has been the subject of several recent research reports. Robert W. Baird decreased their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Wells Fargo & Company lifted their price target on shares of 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. The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $42.40.

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.