Tema Etfs LLC purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 113,332 shares of the company's stock, valued at approximately $4,440,000. Atmus Filtration Technologies comprises 1.8% of Tema Etfs LLC's holdings, making the stock its 17th biggest holding. Tema Etfs LLC owned approximately 0.14% of Atmus Filtration Technologies as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of ATMU. Eminence Capital LP raised its holdings in Atmus Filtration Technologies by 79.0% in the 4th quarter. Eminence Capital LP now owns 4,592,614 shares of the company's stock worth $179,939,000 after purchasing an additional 2,027,617 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Atmus Filtration Technologies by 5.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,262,408 shares of the company's stock valued at $167,003,000 after buying an additional 223,712 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Atmus Filtration Technologies by 44.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock worth $74,879,000 after buying an additional 584,270 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Atmus Filtration Technologies in the fourth quarter worth about $63,949,000. Finally, The Manufacturers Life Insurance Company boosted its position in Atmus Filtration Technologies by 3.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,306,748 shares of the company's stock valued at $51,198,000 after acquiring an additional 40,100 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.
Atmus Filtration Technologies Stock Performance
NYSE:ATMU traded down $0.53 during mid-day trading on Wednesday, reaching $37.74. The company's stock had a trading volume of 977,154 shares, compared to its average volume of 896,089. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The stock has a market cap of $3.12 billion, a P/E ratio of 17.07, a PEG ratio of 3.99 and a beta of 1.81. The firm's fifty day moving average price is $35.74 and its two-hundred day moving average price is $38.95. Atmus Filtration Technologies Inc. has a 12-month low of $27.62 and a 12-month high of $45.43.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.63 EPS for the quarter, topping 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 company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. Atmus Filtration Technologies's revenue was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.
Atmus Filtration Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.05%.
Analyst Upgrades and Downgrades
ATMU has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of 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. Robert W. Baird decreased their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. upped 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 note on Monday, May 5th.
Check Out Our Latest Stock Analysis on Atmus Filtration Technologies
About Atmus Filtration Technologies
(
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.
Featured Stories
Before you consider Atmus Filtration Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atmus Filtration Technologies wasn't on the list.
While Atmus Filtration Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
