Harbor Capital Advisors Inc. Acquires 8,425 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Harbor Capital Advisors Inc. increased its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,531 shares of the company's stock after buying an additional 8,425 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Atmus Filtration Technologies were worth $1,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vest Financial LLC acquired a new position in shares of Atmus Filtration Technologies in the first quarter worth about $767,000. Rhumbline Advisers raised its position in Atmus Filtration Technologies by 3.6% during the first quarter. Rhumbline Advisers now owns 119,298 shares of the company's stock valued at $4,382,000 after acquiring an additional 4,122 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Atmus Filtration Technologies by 3,703.7% during the 1st quarter. GAMMA Investing LLC now owns 71,624 shares of the company's stock valued at $2,631,000 after purchasing an additional 69,741 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth about $260,000. Finally, Jefferies Financial Group Inc. lifted its holdings in Atmus Filtration Technologies by 36.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 193,000 shares of the company's stock worth $7,562,000 after purchasing an additional 51,494 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ATMU shares. JPMorgan Chase & Co. upped their price target 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. The Goldman Sachs Group lowered 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 report on Tuesday, May 27th. Robert W. Baird dropped their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Atmus Filtration Technologies Trading Down 2.9%

NYSE:ATMU traded down $1.07 on Friday, hitting $35.27. 436,907 shares of the stock were exchanged, compared to its average volume of 868,476. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 3.99 and a beta of 1.71. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. 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 moving average price is $35.59 and its 200 day moving average price is $38.26.

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

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed 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 0.57%. The ex-dividend date of this dividend is Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Atmus Filtration Technologies Company 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.