Perpetual Ltd bought a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,409 shares of the company's stock, valued at approximately $419,000.
Several other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its stake in shares of Atmus Filtration Technologies by 12.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company's stock worth $499,000 after acquiring an additional 1,482 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Atmus Filtration Technologies by 22.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 463,731 shares of the company's stock worth $17,033,000 after acquiring an additional 84,025 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter worth $324,000. Harbor Capital Advisors Inc. grew its stake in shares of Atmus Filtration Technologies by 27.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 39,531 shares of the company's stock worth $1,452,000 after acquiring an additional 8,425 shares in the last quarter. Finally, Vest Financial LLC bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter worth $767,000. Institutional investors own 32.73% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. 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 for the company. in a research report on Tuesday, May 27th. Wells Fargo & Company increased 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 research report on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $42.40.
Check Out Our Latest Stock Report on Atmus Filtration Technologies
Atmus Filtration Technologies Price Performance
ATMU opened at $35.75 on Friday. The firm has a market cap of $2.95 billion, a P/E ratio of 16.17, a PEG ratio of 4.47 and a beta of 1.71. The firm has a 50-day moving average of $36.08 and a 200 day moving average of $37.70. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.46 and a current ratio of 2.23. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.72 and a fifty-two week high of $45.43.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate 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 11.14% and a return on equity of 94.85%. The company's revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.
Atmus Filtration Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.05%.
Atmus Filtration Technologies Profile
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Free Report)
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.
Further Reading
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