Deutsche Bank AG Boosts Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Deutsche Bank AG raised its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 61.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,906 shares of the company's stock after buying an additional 49,311 shares during the quarter. Deutsche Bank AG owned about 0.16% of Atmus Filtration Technologies worth $5,090,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth $26,000. New Age Alpha Advisors LLC purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC grew its holdings in shares of Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after purchasing an additional 876 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Atmus Filtration Technologies by 295.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after purchasing an additional 1,022 shares during the period. Finally, Quarry LP grew its holdings in shares of Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after purchasing an additional 827 shares during the period. Hedge funds and other institutional investors own 32.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. JPMorgan Chase & Co. upped their price objective 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. Finally, Robert W. Baird dropped 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 report on Monday, February 24th.

Atmus Filtration Technologies Trading Down 0.3%

ATMU stock traded down $0.12 during mid-day trading on Friday, hitting $36.54. 2,283,660 shares of the company were exchanged, compared to its average volume of 900,022. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $3.02 billion, a P/E ratio of 16.54, a PEG ratio of 3.99 and a beta of 1.81. The business has a fifty day simple moving average of $35.74 and a 200-day simple moving average of $38.89. Atmus Filtration Technologies Inc. has a 12-month low of $27.62 and a 12-month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. Atmus Filtration Technologies's revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. On average, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.55%. The ex-dividend date is Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 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.