Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 119,357 Atmus Filtration Technologies Inc. (NYSE:ATMU)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 119,357 shares of Atmus Filtration Technologies, valued at roughly $4.38 million, giving it a 0.14% ownership stake.
• Atmus Filtration Technologies reported $0.63 EPS for the last quarter, exceeding expectations, despite a 2.3% decline in revenue year-over-year.
• The company declared a $0.05 per share dividend, representing a 0.52% yield, with a dividend payout ratio of 9.05%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 119,357 shares of the company's stock, valued at approximately $4,384,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Atmus Filtration Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. New Age Alpha Advisors LLC bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at about $32,000. Tower Research Capital LLC TRC boosted its holdings in shares of Atmus Filtration Technologies by 295.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after buying an additional 1,022 shares in the last quarter. Quarry LP boosted its holdings in shares of Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after buying an additional 827 shares in the last quarter. Wexford Capital LP acquired a new stake in Atmus Filtration Technologies in the 4th quarter worth approximately $242,000. Finally, Xponance Inc. boosted its stake in Atmus Filtration Technologies by 5.6% in the 1st quarter. Xponance Inc. now owns 6,792 shares of the company's stock worth $249,000 after purchasing an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $38.69 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 2.12. Atmus Filtration Technologies Inc. has a 12 month low of $29.07 and a 12 month high of $45.43. The company has a 50 day simple moving average of $36.92 and a two-hundred day simple moving average of $37.46. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.78 and a beta of 1.64.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced 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 net margin of 11.14% and a return on equity of 94.85%. The business had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. During the same period in the previous year, the business posted $0.60 EPS. The business's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.05%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ATMU shares. Wells Fargo & Company lifted their target price on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. 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 note on Monday, May 5th. Finally, The Goldman Sachs Group cut 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, May 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

About Atmus Filtration Technologies

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.

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