Deutsche Bank AG Has $5.09 Million Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Deutsche Bank AG increased its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 61.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,906 shares of the company's stock after purchasing an additional 49,311 shares during the quarter. Deutsche Bank AG owned about 0.16% of Atmus Filtration Technologies worth $5,090,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Eminence Capital LP grew its stake in shares of Atmus Filtration Technologies by 79.0% during the fourth 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. Price T Rowe Associates Inc. MD boosted its stake in shares of Atmus Filtration Technologies by 5.5% in the 4th 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 last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Atmus Filtration Technologies by 44.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock valued at $74,879,000 after purchasing an additional 584,270 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at about $63,949,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Atmus Filtration Technologies by 3.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,306,748 shares of the company's stock valued at $51,198,000 after purchasing an additional 40,100 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Trading Down 1.4%

Shares of NYSE:ATMU traded down $0.53 during mid-day trading on Wednesday, reaching $37.74. The stock had a trading volume of 977,154 shares, compared to its average volume of 896,089. The firm has a market cap of $3.12 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. The firm has a 50 day simple moving average of $35.74 and a two-hundred day simple moving average of $38.95. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. 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 announced its quarterly earnings results 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. The business had revenue of $110.50 million for the quarter, compared to the consensus estimate 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 for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio is 9.05%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ATMU. Wells Fargo & Company raised their target price on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Robert W. Baird reduced their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 5th.

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.