SG Americas Securities LLC Invests $324,000 in Atmus Filtration Technologies Inc. (NYSE:ATMU)

SG Americas Securities LLC acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,819 shares of the company's stock, valued at approximately $324,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Atmus Filtration Technologies by 2.1% during the fourth 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 period. Ieq Capital LLC purchased a new stake in Atmus Filtration Technologies during the fourth quarter worth about $242,000. Y Intercept Hong Kong Ltd boosted its stake in shares of Atmus Filtration Technologies by 193.9% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 20,510 shares of the company's stock worth $804,000 after acquiring an additional 13,532 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Atmus Filtration Technologies by 72.4% during the fourth quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company's stock worth $20,703,000 after purchasing an additional 221,853 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Atmus Filtration Technologies by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,495 shares of the company's stock worth $29,522,000 after buying an additional 40,352 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ATMU. JPMorgan Chase & Co. lifted their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective for the company. in a research note on Tuesday, May 27th. Finally, Wells Fargo & Company upped 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Atmus Filtration Technologies Trading Down 2.9%

Shares of Atmus Filtration Technologies stock traded down $1.06 during mid-day trading on Friday, hitting $35.75. 1,856,980 shares of the stock were exchanged, compared to its average volume of 866,381. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 4.60 and a beta of 1.71. Atmus Filtration Technologies Inc. has a twelve month low of $27.72 and a twelve month high of $45.43. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 2.12. The company has a 50-day simple moving average of $36.03 and a 200 day simple moving average of $37.76.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. The firm had revenue of $110.50 million for the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a net margin of 11.14% and a return on equity of 94.85%. Atmus Filtration Technologies's revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. Research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio is currently 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.