GW&K Investment Management LLC Raises Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

GW&K Investment Management LLC raised its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 467,725 shares of the company's stock after buying an additional 9,207 shares during the period. GW&K Investment Management LLC owned approximately 0.57% of Atmus Filtration Technologies worth $17,180,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ATMU. Cibc World Markets Corp acquired a new stake in Atmus Filtration Technologies during the fourth quarter worth approximately $307,000. Xponance Inc. boosted its position in Atmus Filtration Technologies by 16.4% during the fourth quarter. Xponance Inc. now owns 6,434 shares of the company's stock worth $252,000 after acquiring an additional 907 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Atmus Filtration Technologies by 33.5% during the fourth quarter. Teacher Retirement System of Texas now owns 118,259 shares of the company's stock worth $4,633,000 after acquiring an additional 29,702 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Atmus Filtration Technologies during the fourth quarter worth approximately $682,000. Finally, LPL Financial LLC boosted its position in Atmus Filtration Technologies by 3.3% during the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after acquiring an additional 326 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $38.32 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 2.12. Atmus Filtration Technologies Inc. has a fifty-two week low of $29.07 and a fifty-two week high of $45.43. The firm has a 50-day simple moving average of $36.92 and a 200 day simple moving average of $37.50. The company has a market cap of $3.17 billion, a PE ratio of 17.34, a P/E/G ratio of 4.63 and a beta of 1.64.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced 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 11.14% and a return on equity of 94.85%. The business had revenue of $110.50 million during the quarter, compared to the consensus estimate of $424.03 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target on the stock. in a research note on Tuesday, May 27th. 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $42.80.

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.

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