Tema Etfs LLC Purchases New Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Tema Etfs LLC bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,332 shares of the company's stock, valued at approximately $4,440,000. Atmus Filtration Technologies comprises approximately 1.8% of Tema Etfs LLC's investment portfolio, making the stock its 17th largest position. Tema Etfs LLC owned about 0.14% of Atmus Filtration Technologies at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in Atmus Filtration Technologies in the fourth quarter valued at about $8,839,000. Assenagon Asset Management S.A. bought a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $14,877,000. LPL Financial LLC grew its holdings in Atmus Filtration Technologies by 3.3% in the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after purchasing an additional 326 shares during the period. AlphaQuest LLC bought a new stake in Atmus Filtration Technologies in the fourth quarter valued at $502,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $20,703,000 after purchasing an additional 221,853 shares during the period. Institutional investors and hedge funds own 32.73% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ATMU. Robert W. Baird dropped 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. JPMorgan Chase & Co. boosted 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. Finally, Wells Fargo & Company lifted their price target 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.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU traded down $0.13 during trading on Friday, reaching $36.54. The company's stock had a trading volume of 131,909 shares, compared to its average volume of 891,397. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The firm has a 50 day moving average of $35.76 and a 200-day moving average of $38.93.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted 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. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $110.50 million for the quarter, compared to the consensus estimate of $424.03 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. Atmus Filtration Technologies's revenue for the quarter was down 2.3% on a year-over-year basis. Research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.55%. The ex-dividend date is Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio (DPR) 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.