SG Americas Securities LLC Acquires New Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU)

SG Americas Securities LLC bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,819 shares of the company's stock, valued at approximately $324,000.

Other large investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new position in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $32,000. Tower Research Capital LLC TRC increased its stake in shares of Atmus Filtration Technologies by 295.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock worth $54,000 after purchasing an additional 1,022 shares during the period. Quarry LP increased its stake in shares of Atmus Filtration Technologies by 70.9% during the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock worth $78,000 after purchasing an additional 827 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock worth $104,000 after purchasing an additional 800 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $104,000. Institutional investors own 32.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective on the stock. in a research note on Tuesday, May 27th. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Atmus Filtration Technologies has an average rating of "Moderate Buy" and an average target price of $42.40.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock traded down $1.06 during mid-day trading on Friday, reaching $35.75. 1,856,980 shares of the company were exchanged, compared to its average volume of 855,303. The company has a fifty day simple moving average of $36.08 and a 200-day simple moving average of $37.70. Atmus Filtration Technologies Inc. has a 12 month low of $27.72 and a 12 month high of $45.43. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.23 and a quick ratio of 1.46. The firm has a market cap of $2.95 billion, a PE ratio of 16.17, a PEG ratio of 4.47 and a beta of 1.71.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results 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 return on equity of 94.85% and a net margin of 11.14%. The firm had revenue of $110.50 million for the quarter, compared to the consensus estimate of $424.03 million. During the same quarter last year, the business posted $0.60 EPS. The company's revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date was Tuesday, June 3rd. 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.