Jefferies Financial Group Inc. Purchases 51,494 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Jefferies Financial Group Inc. lifted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 36.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 193,000 shares of the company's stock after buying an additional 51,494 shares during the quarter. Jefferies Financial Group Inc. owned about 0.23% of Atmus Filtration Technologies worth $7,562,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ATMU. Nisa Investment Advisors LLC lifted its holdings in Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after purchasing an additional 876 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Atmus Filtration Technologies in the 4th quarter worth approximately $26,000. KBC Group NV lifted its holdings in Atmus Filtration Technologies by 67.9% in the 4th quarter. KBC Group NV now owns 4,070 shares of the company's stock worth $159,000 after purchasing an additional 1,646 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Atmus Filtration Technologies by 403.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 75,500 shares of the company's stock worth $2,958,000 after purchasing an additional 60,500 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Atmus Filtration Technologies by 2.1% in the 4th quarter. Rhumbline Advisers now owns 115,176 shares of the company's stock worth $4,513,000 after purchasing an additional 2,375 shares during the last quarter. Institutional investors own 32.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price for the company. in a report on Tuesday. Wells Fargo & Company boosted their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Robert W. Baird reduced 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.40.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock traded down $0.09 during trading hours on Friday, reaching $36.02. 571,646 shares of the company's stock were exchanged, compared to its average volume of 895,515. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. The stock has a market capitalization of $2.98 billion, a P/E ratio of 16.30, a P/E/G ratio of 3.99 and a beta of 1.81. The business has a fifty day moving average price of $35.56 and a 200-day moving average price of $38.70. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61.

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

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. 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.