PharVision Advisers LLC Acquires New Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU)

PharVision Advisers LLC acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,440 shares of the company's stock, valued at approximately $331,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in shares of Atmus Filtration Technologies by 3.3% in the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after buying an additional 326 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Atmus Filtration Technologies by 3.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company's stock worth $343,000 after acquiring an additional 330 shares during the period. Franklin Resources Inc. grew its position in Atmus Filtration Technologies by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 28,712 shares of the company's stock valued at $1,125,000 after acquiring an additional 476 shares in the last quarter. Graham Capital Management L.P. grew its position in Atmus Filtration Technologies by 1.9% in the fourth quarter. Graham Capital Management L.P. now owns 27,511 shares of the company's stock valued at $1,078,000 after acquiring an additional 511 shares in the last quarter. Finally, Jag Capital Management LLC raised its stake in shares of Atmus Filtration Technologies by 8.1% during the fourth quarter. Jag Capital Management LLC now owns 7,653 shares of the company's stock valued at $300,000 after purchasing an additional 571 shares during the period. 32.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATMU has been the subject of several analyst reports. The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price for the company. in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company raised their target price on 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. Finally, Robert W. Baird cut their price target on 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Atmus Filtration Technologies Stock Up 1.8%

NYSE ATMU traded up $0.65 during trading hours on Tuesday, reaching $37.19. 141,694 shares of the company traded hands, compared to its average volume of 897,004. The stock has a market capitalization of $3.07 billion, a PE ratio of 16.83, a PEG ratio of 3.99 and a beta of 1.81. 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 12 month low of $27.62 and a 12 month high of $45.43. The company has a 50 day moving average of $35.70 and a two-hundred day moving average of $38.82.

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 the consensus estimate of $0.59 by $0.04. The business had revenue of $110.50 million for the quarter, compared to analysts' expectations of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. As a group, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company 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 $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Atmus Filtration Technologies's dividend payout ratio (DPR) is 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.