Vest Financial LLC Makes New $767,000 Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Vest Financial LLC acquired 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 13F filing with the Securities & Exchange Commission. The fund acquired 20,879 shares of the company's stock, valued at approximately $767,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in shares of Atmus Filtration Technologies by 3.6% during the first quarter. Rhumbline Advisers now owns 119,298 shares of the company's stock worth $4,382,000 after purchasing an additional 4,122 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Atmus Filtration Technologies by 3,703.7% during the first quarter. GAMMA Investing LLC now owns 71,624 shares of the company's stock worth $2,631,000 after purchasing an additional 69,741 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter worth about $260,000. Jefferies Financial Group Inc. lifted its stake in shares of Atmus Filtration Technologies by 36.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 193,000 shares of the company's stock worth $7,562,000 after purchasing an additional 51,494 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter worth about $331,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Up 1.0%

Shares of Atmus Filtration Technologies stock opened at $36.38 on Monday. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The firm has a market cap of $3.01 billion, a P/E ratio of 16.46, a P/E/G ratio of 3.99 and a beta of 1.71. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. The business has a 50-day moving average price of $35.44 and a 200 day moving average price of $38.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The firm had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Atmus Filtration Technologies's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. On average, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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 of this dividend is Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ATMU shares. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price on the stock. in a research report on Tuesday, May 27th. Robert W. Baird dropped their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Wells Fargo & Company lifted their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.40.

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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